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Importing petroleum products: BADEA grants financing of 27.5 billion FCFA to Burkina Faso

03/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Le jeudi dernier, s' est tenu la signature d' un accord de financement de la ligne de credit for operations to import petroleum products in Burkina Faso, for the benefit of SONABHY.

The signing of the agreement took place in Nairobi, Kenya between the Minister of Economy, Finance and Foresight, Dr. Aboubakar Nacanabo and the president of the Arab Bank for Economic Development in Africa (BADEA) group, and the president of the Arab Bank for Economic Development in Africa (BADEA) group, Dr. Sidi Ould TAH. The communication services of the Ministry in charge of the Economy indicated that this credit line, worth a total of approximately 27.5 billion FCFA, will allow SONABHY to ensure the supply of petroleum products to Burkina Faso. The new line will allow SONABHY to meet the needs of its customers over time and to effectively fulfill its public service mission, in particular the import and storage of liquid and gaseous hydrocarbons, which a legal monopoly has been granted to it by the State, and the transport, packaging, sale and distribution of these

products.
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