Burkina Faso: France to grant $36 million for socio-economic projects
Friday, 30 March 2018 17:30
France will grant CFA19.65 billion ($36 million) to Burkina Faso to help develop socio-economic projects. This was agreed via the signing of four agreements on March 28, in Ouagadougou.
According to information relayed by Xinhua, two-thirds of the amount (about $24 million) will be provided as a subsidy to fund projects in agriculture, natural resources management and food security, notably.
The rest (about $12 million), provided as a concessional loan, will be used to implement the National Economic and Social Development Plan (PNDES), initiated by the government to combat poverty.
Back in 2017, the country had already received CFA131 billion ($246.1 million) under a financing for PNDES which was valued at $28 billion in 2016.
Moutiou Adjibi Nourou (intern)
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
DR Congo: Kibali Gold Mine Revenue Rises in 2025 Despite Lower Output
05:57
-
Africa Needs 6.1 Million Additional Health Workers by 2030, Africa CDC Says
05:53
-
Ivory Coast Cuts Cashew Prices 6% Amid U.S. Market Uncertainty
05:48
-
Norwegian firm BW Energy’s entry into Angola’s oil sector faces a legal hurdle
16:59
-
Cameroon’s microfinance sector counts 385 licensed lenders, with CFA659bn in loans
19:12
-
U.S. tariffs hit Cameroon exports, revenues fall to CFA38bn
19:08
-
Cameroon roads budget faces CFA84bn gap as works spill into 2026
18:49
-
Tunisian Entrepreneur Ridha Mami Targets Sales Productivity With AI
16:47
-
Rwanda Expands Zipline Partnership to Build National Drone Network
16:45
-
Mohamed Hassan Hijazi Builds All-in-One Platform for Beauty Industry
16:43
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Kibali gold mine revenue rose 40% in 2025 to $1.04 billion despite a 2% decline in attributable production. Rising gold prices offset lower...
Africa needs 6.1 million additional health professionals to reach universal health coverage by 2030, Africa CDC says. Only Rwanda, Botswana, and...
Ivory Coast set the 2026 minimum farmgate cashew price at CFA400 per kilogram, down 6% year on year. Authorities cited weaker international...
BW Energy’s Angola offshore entry faces partner preemption notice Partner may exercise right of first refusal on Blocks 14, 14K Deal with Azule Energy...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...