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
-
African Forests Shift From Carbon Sinks to Net Emitters, Study Finds
09:56
-
Campost Bets CFA3bn on Bolamba to Reenter E-Commerce Market
09:12
-
Cameroon Raises Sonara Rehabilitation Budget to CFA300bn
08:58
-
Cameroon Maintains No. 1 Rank in Iroko and Sapelli Exports in 2024
08:51
-
Cameroon Targets 20,500 Tons of Additional Palm Oil Output in 2026
08:49
-
Via Its Web Platform, Stokvel Academy Trains South Africans in Collective Saving
08:43
-
Côte d’Ivoire Deploys “Tradepost” to Connect SMEs to African Markets
08:41
-
Barrick Launches North America Spin-Off Plan, Maintains Key Assets
08:40
-
Endeavour to Spend $540 Million on Gold Exploration Through 2030
08:34
-
Burkina Faso Sets First Guaranteed Price for Onion Producers
08:29
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Botswana and Oman signed strategic agreements that include a 500-MW solar photovoltaic project. T...
Nature study shows forests now emit more carbon than they absorb Researchers link the shift to widespread deforestation driven by humans Report urges...
Barrick moves ahead with an IPO for a new North America-focused unit Company says it will maintain and grow its other gold and copper assets Plans for...
Endeavour Mining plans to invest $540 million in gold exploration from 2026 to 2030. The company targets 12–15 million ounces of new mineral...
CIFOB set a guaranteed minimum price of CFA165 per kilogram for onions. The mechanism is the first price-floor system ever implemented in the country’s...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...