• Contact Us
  • About Us
Sunday, April 26, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Banking / Finance

Burkina Faso: African Development Bank funds two major projects to support agricultural value chains

metro by metro
May 30, 2024
in Banking / Finance, Economic Development, English News Releases, Uncategorized
0
0
SHARES
0
VIEWS
Officials at the ceremony. Daniel Ndoye, African Development Bank Country Manager for Burkina Faso (foreground in dark suit) with Amadou Dicko, Deputy Minister with responsibility for Livestock Resources, to his left.

OUAGADOUGOU, Burkina Faso, 30 May 2024 -/African Media Agency(AMA)/-Burkina Faso and the African Development Bank launched the Burkina Faso component of Project 2 of the Food and Nutrition Insecurity Resilience Programme in the Sahel (P2-P2RS) and the Integrated Maize, Soybean, Poultry and Fish Chain Development and Resilience Building Project (PIMSAR) simultaneously in Ouagadougou on 21 May 2024.

The ceremony was chaired by Amadou Dicko, Burkina’s Deputy Minister of Agriculture, Livestock and Fish Resources with responsibility for Livestock Resources, in the presence of Daniel Ndoye, head of the African Development Bank’s Country Office in Burkina, Ms Mamounata Kiemtoré, representing the Centre region’s governor, and Ali Badara Traoré, General Secretary of the National Chamber of Agriculture.

Read Also

Yango Ride’s new ChatGPT integration enables in-chat trip planning in over 25 countries

High Banking, Trading Charges Pile Pressure On Customers, Stakeholders In Financial Sector

Trusting science to better protect our communities: Interview with Dr Bintou Dembélé (Mali)

Mr Ndoye indicated that the Bank’s support for the two projects was driven by their alignment with national priorities and with the Bank’s strategy, especially “Feed Africa”, “Integrate Africa” and “Improve the Quality of Life for the People of Africa”. Support for agricultural value chains, he reminded participants, a key area of the Bank’s strategy for Burkina in 2022-2025.

“The support provided to these two projects is evidence of the Bank’s willingness to strengthen its interventions in the agro-pastoral sector in Burkina Faso, particularly when the country is resolutely committed to implementing the Agropastoral and Fisheries Initiative 2023-2025,” he commented.

Minister Dicko paid a warm tribute to the African Development Bank on behalf of the government of Burkina Faso, saying, “Since Burkina Faso joined the Bank Group, it has redoubled its efforts to provide effective support to the government’s development initiatives. The Bank’s commitment in the agricultural sector can be seen in the implementation of many projects and development programmes, including P2-P2RS and PIMSAR, which are both means of putting the Stabilization and Development Action Plan into practice.”

On behalf of the National Chamber of Agriculture, Aliou Badara Traoré expressed delight at the launch of two projects that would bring hope to producers. “We would like to reiterate our gratitude and appreciation for the commitment shown by the Bank on a daily basis to improve the living conditions of rural populations,” he commented.

The Burkina Faso component of P2-P2RS, implemented over 2023-2024, builds on the lessons learned in the first phase of the project, from 2016-2022, which produced considerable infrastructure (dams, irrigated public land, etc.) that play an important role in improving people’s resilience. The second phase, with EUR 54 million from the African Development Bank Group, will be implemented in 33 communities in 6 of the country’s 13 regions and reach 125,000 beneficiaries, at least 50 percent of whom are women and most of whom are heads of household.

The PIMSAR aims to reach 30,000 direct beneficiaries, including at least 50 percent women, in the Boucle du Mouhoun, Centre, Centre-West and Hauts-Bassins regions. It targets internally displaced persons by reconstituting their productive capital in their places of origin or recapitalizing them in their host communities. The project will receive EUR 42 million from the Bank. 

The agriculture and environment sector currently represents 34 percent of the African Development Bank’s total funding in Burkina Faso, or EUR 225 million. With current commitments of EUR 700 million, the African Development Bank Group is one of Burkina Faso’s top technical and financial partners.

Distributed by African Media Agency on behalf of African Development Bank

The post Burkina Faso: African Development Bank funds two major projects to support agricultural value chains appeared first on African Media Agency.

Source : African Media Agency (AMA)

Tags: Banking / FinanceEconomic DevelopmentEnglish News Releases
Previous Post

‘Unimpressed To Average’ Experts Score President Tinubu’s Performance On Economy

Next Post

Opera Mini launches Locked Mode for PIN-protected browsing

Related Posts

Business

Yango Ride’s new ChatGPT integration enables in-chat trip planning in over 25 countries

April 22, 2026
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Banking / Finance

High Banking, Trading Charges Pile Pressure On Customers, Stakeholders In Financial Sector

April 17, 2026
English News Releases

Trusting science to better protect our communities: Interview with Dr Bintou Dembélé (Mali)

April 16, 2026
English News Releases

Three years of war: Sudan’s people abandoned and hungry

April 14, 2026
Next Post

Opera Mini launches Locked Mode for PIN-protected browsing

2027: Atiku, Obi, Makinde, Others Back Move To Support Single Candidate Against Tinubu

2027: Atiku, Obi, Makinde, Others Back Move To Support Single Candidate Against Tinubu

April 25, 2026
Lagos Sanitation: Forceful Restriction Of Movement Illegal, Says Adegboruwa

Lagos Sanitation: Forceful Restriction Of Movement Illegal, Says Adegboruwa

April 25, 2026
Aggrieved Delta Oil Communities Plan Show Down With Operators 

Aggrieved Delta Oil Communities Plan Show Down With Operators 

April 25, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version