Welcome To Website IAS

Hot news

Independence Award

- First Rank - Second Rank - Third Rank

Labour Award

- First Rank - Second Rank -Third Rank

National Award

 - Study on food stuff for animal(2005)

 - Study on rice breeding for export and domestic consumption(2005)


- Hybrid Maize by Single Cross V2002 (2003)

- Tomato Grafting to Manage Ralstonia Disease(2005)

- Cassava variety KM140(2010)

Website links
Vietnamese calendar
Visitors summary
 Curently online :  2
 Total visitors :  4506128

Farmers in Burkina Faso SOFITEX to Get Financing from Harvested Cotton
Wednesday, 2014/02/05 | 10:48:51

The largest textile fiber company in Burkina Faso, SOFITEX, has signed a financial agreement worth 75 billion CFA Francs (~150,000 million dollars) with local banks, to finance the collection, transportation and ginning of cotton, from the 2013-2014 planting season. The agreement was signed on 21 January 2014, between SOFITEX Director General Jean-Paul Sawadogo and Cheick Travaly, director general of ECOBANK Burkina and leader of the Bank pool, in the presence of Aïssata Diallo, representing the Ministry of Economy and Finances at the event.


"Our pool of bank has now agreed to lend to SOFITEX 75 billion, which is an additional 5 billion from what we gave them last year. This portrays not only the financial health of SOFITEX but also the good stewardship of the resources at the disposal of the company, which has already paid 84% of the money we advanced them last year," observed Mr. Travaly.


Thanking the bank for the support to the company and the farming community, Jean-Paul Sawadogo said, "This fund could not come at a better time, when the company is involved in intense post-harvest activities. It will also go a long way in ensuring that farmers will get paid in a record time of one week after their cotton has been transported to the factory." He reported that SOFITEX alone has harvested 550,000 tons of cotton seed from both conventional and genetically modified cotton, an increase by 10% from the previous season. "This means that 120 billion CFA will be distributed among farmers in the Western Burkina Faso," added Sawadogo.


For more information about this story, contact Hamidou Idogo, Managing editor of Journal du Jeudi, Burkina Faso at h_idogo@yahoo.fr.



Back      Print      View: 1139

[ Other News ]___________________________________________________
  • Beyond genes: Protein atlas scores nitrogen fixing duet
  • 2016 Borlaug CAST Communication Award Goes to Dr. Kevin Folta
  • FAO and NEPAD team up to boost rural youth employment in Benin, Cameroon, Malawi and Niger
  • Timely seed distributions in Ethiopia boost crop yields, strengthen communities’ resilience
  • Parliaments must work together in the final stretch against hunger
  • Empowering women farmers in the polder communities of Bangladesh
  • Depression: let’s talk
  • As APEC Concludes, CIP’s Food Security and Climate Smart Agriculture on Full Display
  • CIAT directly engages with the European Cocoa Industry
  • Breeding tool plays a key role in program planning
  • FAO: Transform Agriculture to Address Global Challenges
  • Uganda Holds Banana Research Training for African Scientists and Biotechnology Regulators
  • US Congress Ratifies Historic Global Food Security Treaty
  • Fruit Fly`s Genetic Code Revealed
  • Seminar at EU Parliament Tackles GM Crops Concerns
  • JICA and IRRI ignites a “seed revolution” for African and Asian farmers
  • OsABCG26 Vital in Anther Cuticle and Pollen Exine Formation in Rice
  • Akira Tanaka, IRRI’s first physiologist, passes away
  • WHO calls for immediate safe evacuation of the sick and wounded from conflict areas
  • Farmer Field School in Tonga continues to break new ground in the Pacific for training young farmers
Designed & Powered by WEBSO CO.,LTD