Coca Cola levies on behalf of the Patriotic Support Fund (FSP) are estimated at more than 5 billion 300 million CFA francs for the year 2023, according to company officials, the Ministry in charge of the Economy reported on Thursday.
Burkina Information Agency
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(Ouagadougou, July 20, 2023). The Minister of Economy, Finance and Prospective, Dr Aboubakar NACANABO and his colleague in charge of Trade, Serge Gnaniodem PODA, visited, on the evening of Wednesday July 19, 2023, the new factory of the Coca Cola firm, located in Gampèla, a town located about fifteen kilometers from Ouagadougou, on the Ouagadougou-Fada N'Gourma axis.
On the occasion, they congratulated and encouraged the promoters of this project, which is still under construction, but which already went into production a few months ago.
The new Coca Cola factory extends over an area of 6.7 hectares, of which 2.5 hectares are built. It was carried out largely by Burkinabè companies.
The CEO of the company, Caroline Estelle OUEDRAOGO, indicated that the cost of the first phase of the project amounts to 28 billion CFA francs out of a total of approximately 60 billion CFA francs to be invested, at the end of the second phase of the project.
For the first phase, the project generated 105 direct jobs. Eventually, 500 to 600 direct jobs will be created, when all the work has been carried out.
Difficulties related to frequent voltage drops observed on the electricity network and unfair competition from Coca Cola products from another country in the sub-region, were presented to the ministers who promised to support the company , in the search for solutions.
For 2023 and in accordance with the law on the special contribution on the consumption of certain products and services, Coca Cola's levies on behalf of the Patriotic Support Fund are estimated at more than 05 billion 300 million CFA francs, according to company officials .
Source: Burkina Information Agency