The forum “Burkina Faso Economic Days”, one of the main exporters of shea nuts, was held in Moscow. Representatives of the Oil-and-Fat Division took part in the event to discuss possibilities of cooperation.
Shea butter is one of the most expensive vegetable oils. It is widely used by confectioners, about 95% of total consumption falls on this industry. Until recently, specialty fats with shea butter and its fractions were not produced in Russia due to the complexity of transportation and production process. These types of products were represented on the market only by imports.
A few years ago, EFKO succeed: the first shea butter processing plant in Russia was built on the Taman Peninsula. Our technologists have learned how to fractionate it and create unique compositions that help to realize the most challenging ideas of confectioners. We have introduced a whole line of cocoa butter equivalents and improvers and specialty fats with shea butter for the confectionery industry.
The Republic of Upper Volta is an old friend of Russia. The Oil-and-Fat Division has been working with the Burkinabe for years and purchasing shea nuts. Translated from the languages of Moore and Dyula, which are very common here, “Burkina Faso” means “the country of honest people”. After working with the Burkinabe for some time, you realize that this name was given for a reason. The Republic treats fondly Russia, and in the capital of Burkina Faso, Ouagadougou, you can see the Russian tricolor at every step of your way.
During the forum, a number of meetings were held between EFKO employees and representatives of the Government and business of Burkina Faso. EFKO, as one of the leaders of the Russian food market, presented its innovative solutions and opportunities for cooperation. The event is not only a platform for knowledge exchange, but also an important milestone in strengthening economic relations between Burkina Faso and Russia.
“We plan to significantly increase the volume of shea nut processing,” says Timur Bakusev, the Deputy Director of the EFKO Oil-and-Fat Division. “It is very important for us to build bridges both with the business community of the Republic and with government agencies.”
The African continent is still a little-known area for Russian business. The Forum has become an excellent communication platform for discussing possibilities and details of cooperation.
“Burkina Faso is our great friend and business partner,” says Vladislav Kolesnik, the Head of Shea Nut Purchase Department. “The forum joined a lot of companies that are just starting their journey in Africa. We have been cooperating with the Republic for more than a year, and we have quite a good success. I think in the coming months we will fix the achieved results with a return visit to Burkina Faso.”
The most interesting information about our plans and opportunities of further work you can learn from this video!