BURKINA FASO – The officials of Burkina Faso has taken the exceptional step of allowing the export of millet, maize, sorghum, and beans to Niger as a gesture of solidarity with their neighbor. The announcement was made in a press release published on August 11 by the Ministry of Industrial Development, Trade, Handicrafts, and Small and Medium Enterprises. According to…
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Burkina Faso forced to depend on imports as rice demand outstrips production
BURKINA FASO- Rice consumption in Burkina Faso has gradually gained importance prompting the government to depend on imports to meet local needs, according to Ecofin Agency. Rice is the 4th most produced cereal behind sorghum, millet, and maize, it is the staple food whose growth in use has been the most significant in recent years. Despite the increasing appetite coupled with…
Read MoreBurkina Faso to ramp up rice production in the face of increasing demand
BURKINA FASO- Over the last decade, rice has become a staple in Burkinabè households, putting pressure on the productive apparatus and prompting the government to invest in increasing local production. In Burkina Faso, rice is the 4th most produced cereal behind sorghum, millet, and maize, and it is the staple food whose growth in use has been the most significant…
Read MoreBurkina Faso commits funds to boost wheat production in push to cut reliance on huge imports
BURKINA FASO – The government of Burkina Faso has channeled 113.2 million CFA francs (US$184,653) to boost wheat production to reduce imports which cover almost all the consumption needs of the country. Ecofin Agency has reported that the move follows a financial agreement between the Ministry of Agriculture, Animal and Fishery Resources and the Institute for the Environment and Agricultural…
Read MoreBurkina Faso miller Agroserv receives US$14.5m investment to expand agro-processing plant
BURKINA FASO- Agroserv, a provider of sustainable agro-processing solutions in Burkina Faso, has received a €12.2 million (about US$14.5m) investment from social impact investor Oikocredit, impact investing group Investisseurs & Partenaires (I&P), and lenders BIO Invest and EDFI AgriFI. Oikocredit and I&P are investing up to €6.2 million in Agroserv’s equity, while BIO and EDFI AgriFi will lend an additional…
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