UEMOA Council of Ministers validates strategic documents and emphasizes implementation for economic transformation
via Lefaso.net3 min read
The UEMOA Council of Ministers held its second ordinary session, during which members reviewed and validated several strategic documents. Key approvals included the June 2026 multilateral surveillance report and 2027 economic policy guidelines for the UEMOA Commission, as well as a framework for public debt policy and management, and the creation of a public debt managers network. Texts related to marketing authorization and surveillance of veterinary medicines, the establishment of a regional veterinary medicine committee, and UEMOA's social protection strategy were also examined. These veterinary medicine measures aim to protect livestock, secure breeding sectors, and strengthen public health. For the UMOA Financial Markets Authority, the 2026 budget was validated, along with decisions on mandate renewals and appointments to its college. The operationalization of the UEMOA Financial Stability Fund was analyzed for the Central Bank of West African States, and the West African Development Bank was authorized to engage with certain partners. Aboubakar Nacanabo, President of the Council of Ministers, commended the session's outcomes but stressed the importance of rapid and effective implementation of adopted decisions. He highlighted that the true success would be measured by their concrete impact on economies and living conditions. Nacanabo noted the community's context of geopolitical tensions, global economic fragmentation, supply chain disruptions, energy price volatility,
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Olympique Lyonnais announced on Friday, July 3, the signing of Burkinabe international defender Mohamed Ouédraogo from SCR Altach. Ouédraogo has committed to the French club until 2031. The 23-year-old defender, who trained at Majestic SC in Burkina Faso, joins Olympique Lyonnais in a transfer valued at 2.8 million euros, including bonuses. In the past season, Ouédraogo played 35 matches for SCR Altach, scoring 4 goals and providing 3 assists. His performance led Lyon's management to secure his services for five years. Mohamed Ouédraogo is the third Burkinabe player, following Bakary Koné and Bertrand Traoré, to join Olympique Lyonnais.
Must ReadBurkina Faso has reaffirmed its commitment to the safe and secure introduction of nuclear energy into its national energy mix by adhering to the Vienna Convention of May 21, 1963, on Civil Liability for Nuclear Damage. This commitment was formalized on June 29, 2026, in Vienna, with the official submission of Burkina Faso's Instrument of Adhesion by Ambassador Maimounata Ouattara, Permanent Resident, to Rafael Mariano Grossi, Director General of the International Atomic Energy Agency IAEA. This act concludes a national process that began with the adoption of the draft law by the Council of Ministers and its subsequent vote by the People's Legislative Assembly. Ambassador Ouattara reiterated the country's determination to make Burkina Faso a model for the safe and secure use of civil nuclear energy. Grossi praised Burkina Faso's efforts and reaffirmed the IAEA's readiness to support the nation in developing nuclear energy and benefiting from nuclear applications. During the ceremony, Ambassador Ouattara also highlighted Burkinabe scientific research, presenting samples of eight new climate-resilient, high-yield rice varieties developed using nuclear technologies. These varieties, which offer nutritional properties suitable for infants, athletes, and diabetics, were commended by Grossi, who recognized Burkina Faso's contribution to the IAEA's "Atoms4Food" initiative. Both parties pledged to strengthen their partnership for greater impact.
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