Public Management

Burkina Faso govt kicks off $200mln livestock project

Burkina Faso govt kicks off $200mln livestock project
Monday, 26 February 2024 14:34

Ismaël Sombié, the Burkinabe Minister of Agriculture, Animal Resources, and Fisheries announced the official launch of the Livestock Resilience and Competitiveness Project (PRECEL). The kick-off ceremony took place last February 23 in Banakélédega, in the commune of Bama.

With a total budget of CFA120.6 billion (around $199 million), this initiative is jointly funded by the government, the International Development Association (IDA), and other partner financial institutions. It is scheduled for implementation between 2024 and 2030 and will benefit all 13 of the country's regions. The primary goal is to bolster the institutional framework for livestock promotion and value chain development in various sectors, including dairy, eggs, and meat.

With this new project, the government seeks to "enhance productivity, marketing, and resilience of the main sedentary livestock production systems for beneficiaries in targeted areas." By its end, authorities expect to see over 120,000 producers adopting improved livestock practices, a 20% increase in meat productivity (carcass weight in kilograms) among cattle, sheep, and goat farms, and a 20% rise in yields within dairy farms.

Let’s note that livestock farming contributes 18% to Burkina Faso’s GDP and accounts for 26% of the value of exports, according to official data.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
CAR outlines $8.9 million recovery plan for troubled CMCA Plan includes recapitalization, reforms to restore stability, rebuild...
Ethiopia secures $13 billion investment pledges at Addis forum Deals span manufacturing, agriculture, energy, construction...
32 Nigerian banks meet capital requirements ahead of March 31, 2026 deadline Banks raise 4.61 trillion naira, with 27% from foreign...
Visa says premium cards already widely adopted in Senegal Training aims to help banks better target and serve high-end clients Strategy focuses on...
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

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
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
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.