• BOAD plans 750 billion CFA francs financing for Burkina Faso
• Funds to support key sectors and Relance 2026-2030 program
• Bank’s cumulative financing in Burkina Faso exceeds 1,159 billion CFA francs

The West African Development Bank (BOAD) plans to mobilize up to 750 billion CFA francs ($1.3 billion) for Burkina Faso over the next five years. The announcement was made on Monday, March 9, during a meeting between BOAD President Serge Ekué and Burkina Faso’s Minister of Economy and Finance, Aboubakar Nacanabo.

The pledge is part of cooperation between the regional financial institution and Burkina Faso. The financing will support major projects in key sectors of the national economy, the Ministry of Economy and Finance said. Discussions during the meeting also covered BOAD’s contribution to financing the national development program Relance 2026-2030.

A long-standing financial partner

As of end-June 2025, BOAD’s cumulative financing for Burkina Faso stood at 1,159.4 billion CFA francs, which the bank said reflects a strong commitment to growth and improved living conditions for the population.

Among the projects financed is an upgrade program for the Komsilga power plant. Completed in 2019, it increased electricity supply to Ouagadougou, the country’s main demand center. The plant is operated by the Société nationale d’électricité du Burkina Faso (SONABEL). The project’s total cost reached 30.858 billion CFA francs, including 10 billion financed by the bank.

Through its Djoliba Plan, the institution is also supporting the Ouagadougou Urban Road Development and Paving Project (PAVO) with financing of 20 billion CFA francs. The aim is to improve traffic flow in the capital and support economic activity.

BOAD has financed development projects across the West African Economic and Monetary Union (UEMOA), which includes Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, since it began operations in January 1976. The bank supports both member states and the private sector. By end-2025, its cumulative financing across all operations had reached 9,916.6 billion CFA francs.

Chamberline Moko