Public Management

Burkina Faso: World Bank grants CFA55 bln to develop water, agriculture and ICTs sectors

Monday, 14 May 2018 18:11

Last May 11, World Bank approved a $100.85 million (CFA55 billion) loan commitment for agriculture, water and ICTs sectors in Burkina Faso. The agreement was initialed by Rosine Coulibaly (photo), Burkinabe minister of economy, finance and development and Cheick Fantamady Kanté, World Bank’s resident representative in Burkina Faso.

Two agricultural projects including Bagré growth pole and the regional support project for irrigation in the Sahel (PARIIS) will benefit from the funding. $50 million will be earmarked to the Bagré growth pole, whose goal is to boost private investment and agricultural production and create jobs.  

“With more than 19 km of irrigation canals, 5, 000 additional hectares will then be irrigated over the next two years, providing cultivable land to more than 70 SMEs and more than 1,000 displaced people,” the World Bank representative said.  

Meanwhile, the second initiative (PARIIS) will receive $30.85 million for operations in Burkina Faso.

“This amount will finance both the development of a 400 hectares irrigated perimeter downstream of Dourou dam, commonly called Kanazoé dam and the irrigation of cotton production systems over the next 4 years,” Mr. Kanté added.

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon, Congo, and Gabon seek new IMF programs after previous ones expired Regional bloc commits to sustaining reforms and rebuilding...
Program has supported about 50 women-led businesses since 2023 Nearly CFA7 billion mobilized combining financing and technical support New cohort of...
Proparco and RMBV take minority stake through $91 million capital increase Funds to support industrial expansion and West Africa growth Group...
Net profit drops 14% to CFA19.25 billion in 2025 Cost of risk nearly doubles, cutting operating income Bank shifts toward more liquid assets amid...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
03

MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....

MTN Zambia Links Mobile Money to Bank POS in New Partnership
04

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
05

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
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.