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
Schiba plans to launch a life insurance subsidiary to expand its financial services arm. Côte d’Ivoire’s insurance market grew 10% in 2025, driven by...
EBID project commitments reached $813.77 million, up 83%, with approvals rising 50%. Focused on energy and transport, sectors critical to...
Raised $12.65 million, backed by Firstrand, Standard Bank, Allan Gray and the SA SME Fund Focused on early-stage startups, with first...
Kenya tax revenue rises to 2.038 trillion shillings by March Growth driven by reforms, digitalisation, and stronger compliance Collections...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
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.