Public Management

Burkina Faso: Government Announces $981M Plan to Achieve Food Sovereignty

Burkina Faso: Government Announces $981M Plan to Achieve Food Sovereignty
Friday, 01 September 2023 19:18

Agriculture contributes 20% of Burkina Faso’s GDP and employs about 73% of the active population. Over the past three months, the country’s government, concerned about food security, has been launching several initiatives in the agricultural sector.

The Ministry of Agriculture of Burkina Faso plans to launch a new strategy for boosting the country’s agricultural output. This was announced on August 30, at the Council of Ministers. 

Known as the "2023-2025 Fishing and Agropastoral Offensive”, the new program is expected to cost CFA592 billion ($981 million) to implement. About half the cost -54% (CFA317 billion)-should come from the private sector and the rest from the State.

The program, according to the source, will cover eight agricultural sub-sectors that are important for Burkina Faso. These are rice, corn, potatoes, wheat, fish, meat, poultry, and mango.

"This operational plan constitutes a programming framework for priority actions emanating from the action of the multiple actors and instruments of the Transition in agriculture and livestock to ensure food sovereignty in our country."

The government, under its plan, hopes to create at least 100,000 jobs in the agropastoral sector for youth, women, Internally Displaced Persons (IDPs), and Volunteers for the Defense of the Homeland (VDP). It should be noted that this is the third plan the government has announced since May 2023 to boost the nation’s agricultural production and food security.

Stéphanas Assocle

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• BCEAO holds key rates, citing stable growth and low inflation• WAEMU GDP grows 6.5%; inflation drops to 0.6% in Q2• Risks persist from insecurity,...
• WEF identifies 37 financial instruments for nature, highlighting 10 as priority solutions delivering both financial returns and ecological outcomes.•...
EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable...
World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.