just now

    • Kenyatta leads tribute to fallen Kenyan multiparty icon

      APA-Nairobi (Kenya) — President Uhuru Kenyatta on Thursday led Kenyans in paying emotional tributes to Kenneth Matiba, a revered icon of the fight for multiparty democracy in what became known as the se...

    • Big diamond discovered in Botswana

      APA-Gaborone(Botswana) — Diamond miner Lucara Diamond Corp late Thursday announced the recovery of a 472 carat, top light brown gem diamond, the third largest diamond ever discovered from its 100% owned Ka...

    • SADC picks Chissano as Madagascar crisis mediator

      APA-Maputo (Mozambique) — The 15-nation Southern African Development Community (SADC) has picked Mozambique's former president-cum diplomat Joaquim Chissano to mediate in Madagascar’s political crisis.

    Burkina Faso-Agriculture-Financing

    EU approves €117m loan for Burkina Faso’s agriculture

    APA-Ouagadougou (Burkina Faso)

    The European Union has just approved a € 117 million (CFAF 76.746 billion) loan for Burkina Faso in an effort to support the country’s Program for Food Security, Nutrition, Sustainable Agriculture and Resilience (PASSANAD), APA learned from the ministry of Agriculture.

    This support is part of the 11th European Development Fund (EDF) and has the overall objective of contributing to the reduction of poverty in Burkina Faso by improving governance in the area of food and nutrition security and resilience.

    The five-year project (2017-2021) will enable Burkina Faso to improve its financial capacity to achieve the objectives of the national food and nutrition security policy. It will also enable the implementation of institutional and political reforms of food and nutrition security and sustainable agriculture while meeting the basic needs of the population in terms of food security.

    The current cooperation between Burkina Faso and the European Union is based on the National Indicative Program (NIP) of the 11th EDF.

    In the initial total amount of € 623 million (CFAF 408.66 billion), the fund is centered around the governance (€ 325 million), health (€ 80 million), food and nutrition security and agriculture and water (€ 190 million).


    React to this article