The government of Burkina Faso has approved the creation of Yennenga Holding Burkina Faso, a public limited company that will manage the state’s shares in three banks and a reinsurance company.
The decision was adopted during the Council of Ministers meeting on March 12, 2026, chaired by the Head of State, Ibrahim Traoré.
According to the Minister of Economy and Finance, Aboubakar Nacanabo, the holding company will consolidate and strategically manage the State’s and its subsidiaries’ stakes in financial institutions, which had previously been managed separately.
The new entity has a capital of 10 billion CFA francs, with 51 percent owned by the state and 49 percent by its subsidiaries, ensuring government control while involving public entities in its governance.
Authorities say the holding company will also serve as a financial tool to support major development projects and forms part of broader reforms under the government’s Popular Progressive Revolution framework.
