The first textile processing plant will soon see the light of day in Burkina Faso. With a cost of 220 billion F CFA, the project is led by a Turkish group called Ayka Addis Textile & Investment.
The promoter will receive financial support from several partners such as Afreximbank (the African Export-Import Bank), the African Development Bank (AfDB), ECOBANK and CORIS BANK.
The construction of the plant is set in six months and will eventually generate 12 000 direct jobs and 50 000 indirect jobs.
According to Yusuf AYDENIZ, head of the Turkish group, this project meets the need for local processing of products.
For its part, Wilfried Yaméogo, Managing Director of the Fiber and Textile Company (Sofitex), its structure will make available to the 20 000 processing plant at least tons of cotton fibers.
The products that will leave the factory will be primarily intended for export, although another part will be used to supply the local and sub-regional market.
In addition, to power it, it is planned the construction of a solar power plant 33 megawatts.
It should be noted that Burkina is the largest producer of cotton in Africa. In 2017, the country had registered an annual production of over 600.000 tons.
