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
-
Africa’s Trade Grows 13.9% in 2024, Driven by AfCFTA Progress
11:35
-
Togo Launches CFA8.3bn Project to Boost Social Services in the Savanes
11:25
-
Ceva Logistics to Build New 2,200-Container Base at Kribi Port in Cameroon
11:16
-
High Mobile Taxes in DR Congo Limit Access to Digital Services
10:55
-
Malala Fund Pledges $50mln for Girls’ Education, Focus on Nigeria
10:52
-
Global Food Systems Heavily Dependent on Fossil Fuels, Experts Warn
10:39
-
Educating Users Seen as Key Defense for Payment Security in Africa
10:17
-
Gabon President Pushes Digital Transformation Agenda in Luanda
08:51
-
Gabon's BGFI Holding to List on BVMAC July 15
08:42
-
Cameroon Proposes Bill to Boost Local Subcontracting
08:40
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...
• The Malala Fund will invest $50 million over five years to promote girls’ education• Nigeria is a priority due to wide gaps in access to secondary...
• Food production uses nearly 15% of global fossil fuel demand, says IPES-Food• Fertilizers, plastic packaging, and transport tie food security to oil and...
• Experts at Cyber Africa Forum 2025 stress consumer education to fight cyber threats• Social engineering scams, phishing, and money mule schemes are...
• Bannerman raises A$85M to advance Etango uranium project in Namibia.• Funds target pre-construction ahead of 2025 investment decision.• Etango may...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...