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
The Central Bank of Nigeria issued 82 final currency exchanges offices licences after revoking more than 4,000 non-compliant ones in 2024. The...
Egypt’s NBE secures $100M EBRD loan to boost MSME financing Funds target youth- and women-led businesses to support private sector growth EBRD...
ASA-CI proposes mandatory supplementary pensions for private-sector workers in Côte d’Ivoire Life-insurance penetration remains low at 0.6% of GDP in...
Rwanda introduced eKash to enable instant, mobile-accessible, and interoperable transactions across banks, mobile money, SACCOs, and...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...

West African Universities Draft Long-Term Training Plan to Meet Labor-Market Needs
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.