B/Faso: Turkish-company to open CFAf200b cotton plantNetspace
The Ayka textile group, a Turkey-based company, plans to invest CFA200 billion francs to open within the next six months a cotton processing plant in Burkina Faso, APA learned from reliable sources.
According to the Turkish investor, the quality of Burkinabe cotton is what his company’s customers in Asia, Europe and elsewhere are looking for.
The Ayka textile factory project is financed completely by financial partners such as Afreximbank (the African Export-Import Bank), the African Development Bank (AfDB), ECOBANK and CORIS BANK.
Burkina Faso produces annually more than 600,000 tonnes of cotton that are not processed in the country.