The aim of AKFED’s Aviation Services division is to assist Burkina Faso in creating and maintaining critical aviation infrastructure in support of economic development.
The Aga Khan Fund for Economic Development (AKFED) took a majority stake in Air Burkina as part of a privatisation plan announced by the Government of Burkina Faso designed to ensure the long-term viability of the airline. AKFED brought together investors to work with the government, which retained minority participation in the company. The aim of AKFED’s Aviation Services division is to assist Burkina Faso in creating and maintaining critical aviation infrastructure in support of economic development. AKFED provides investment, expertise in airline and airport operations, as well as management and training for the sector.
In 2005, AKFED launched Compagnie aérienne du Mali to create synergies with Air Burkina and add to airline capacity in West Africa. Operationally, AKFED’s involvement has led to enhanced manpower development and improvements in reservation systems, route planning, marketing and upgrading of the fleet, including the operation of an Airbus. Air Burkina has also increased its regional routes and launched an international service to Europe.
In 2007, AKFED bought nine 100-seater MD-87s and completely refurbished the aircraft as part of the effort to re-fleet its African airlines. An Airbus A319 is now operated by the West African network, linking Abidjan, Bamako and Ouagadougou with Paris, France. To offer customers a comprehensive product and network, the various airlines of AKFED operate under the “Group Celestair” alliance.
In 2012, AKFED launched Air Côte d'Ivoire, in partnership with the Government of Côte d’Ivoire and Air France, as part of the regional solution to air transport needs.
Sosuco, Burkina Faso
Sosuco employs nearly 4,000 permanent and seasonal workers.Sosuco, acquired under the Burkina Faso privatisation programme, farms its own sugar cane plantations and operates the country's largest sugar refinery. The company employs nearly 4,000 permanent and seasonal workers. The Banfora area near the company is home to 70,000 people. Social services to farmers include basic education, microfinance, health-care, and programmes for clean drinking water.
Fasoplast manufactures jute and polypropylene bags that are used to bring a variety of products to market, including cocoa, coffee, flour, fertilizers, cement, cotton and other crops. Originally created in Bangladesh and further developed in the Ivory Coast, this expertise has since been transferred to Burkina Faso, as well as Mali, Senegal and Kenya.
Faso Coton, another major employer, operates cotton ginneries and provides agricultural extension services to 15,000 local cotton farmers.
For information on microfinance activities in Burkina Faso, please see the social development page.
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