#Burkina Faso #Ouagadougou #Above Food #Palm Global

A Historic Partnership for Economic Transformation

In an exciting development, Above Food Ingredients Inc. (NASDAQ: ABVE) has announced a groundbreaking strategic partnership with Palm Global Technologies and its subsidiary, Palm Promax Investments LLC (PPI). Celebrated on October 24, 2025, this collaboration is set to transform the financial landscape of Burkina Faso by integrating innovative financial solutions with the substantial mineral resources of the nation.

The Significance of the Agreement

The agreement marks a defining moment in Burkina Faso’s economic evolution. The President's Office, alongside the Promotion and Investment Center for Burkina Faso and its partners (CPIB), has officially endorsed the introduction of PPI's gold- and mineral-backed stablecoin as the country's official digital currency. This shift aims to unlock up to $8 trillion worth of previously untapped mineral assets, paving the way for sustainable economic growth and development.

The partnership was announced at a prominent UAE 2030 National Vision event in Abu Dhabi, attended by dignitaries and leaders from both Burkina Faso and the United Arab Emirates. This strategic alignment reinforces both nations' commitment to innovation in the realms of digital finance and economic empowerment.

Unlocking Mineral Wealth

Burkina Faso's vast mineral wealth, which has often been undervalued and excluded from global financial systems, will now be leveraged through PPI’s advanced tokenization technology. This innovative approach not only aims to quantify and monetize the nation’s in-ground resources but also positions Burkina Faso as a frontrunner in financial sovereignty and digital asset management.

The government’s pledge of up to $8 trillion in mineral-based assets signifies a monumental step for the country, enabling transparent and efficient mobilization of resources that were previously overlooked. Leading figures from PPI and the Burkina Faso government emphasized how this initiative would reshape economic stability and accessibility. By incorporating resource-backed digital currencies, the country is poised to redefine its financial narrative, enhancing its visibility and participation in the global economy.

A Vision for the Future

H.E. Soumane Kassamba, Advisor for Investment and International Relations to the President of Burkina Faso, stressed that this agreement empowers Burkina Faso to take charge of its economic destiny. By harnessing its mineral wealth in a transparent and sovereign manner, the initiative promises unprecedented investment opportunities and job creation, alongside essential infrastructure and humanitarian efforts across sectors including energy, healthcare, and education.

The collaborative vision extends beyond Burkina Faso, as expressed by H.E. Louai Mohamed Ali, Group President of Promax United. His remarks highlight that this partnership sets a powerful precedent for other African nations seeking to unlock their resources through asset-backed digital currencies, catalyzing a continental movement towards greater financial autonomy and integration.

Conclusion

As the partnership unfolds under the regulatory framework of the Abu Dhabi Global Market, it seeks to channel investments toward critical sectors and initiatives that will enhance the quality of life and economic opportunities in Burkina Faso. By marrying blockchain technology with the nation's vast mineral resources, this strategic alliance not only marks a historic financial evolution but also reflects a determined vision for sustainable, inclusive growth that future generations can benefit from.

Above Food's commitment to driving forward this revolutionary venture signals a bright new chapter for Burkina Faso, setting a model for others to follow in the pursuit of growth, stability, and empowerment through innovative financial solutions.