The Burkinabe government has signed four financing agreements worth a total of 85 billion CFA francs to support strategic industrial and mining projects as part of its drive to strengthen economic sovereignty.
The funds come from the Diaspora Bond initiative, known as the “Patriot Loan,” which raised 151 billion CFA francs from Burkinabe citizens at home and abroad.
The agreements were signed in Ouagadougou under the supervision of Economy and Finance Minister Dr. Aboubakar Nacanabo, who said the initiative reflects the government’s commitment to channeling national savings into productive investments.
The financing includes 15 billion CFA francs for CIM SAHEL to expand cement production, 30 billion CFA francs for SN BRAFASO to build a new industrial facility in Bobo-Dioulasso, and 40 billion CFA francs for the Burkina Faso Mining Participation Company (SOPAMIB) to revive the Perkoa and Taparko mining sites.
Authorities say the projects are expected to boost local production, reduce import dependence, create thousands of jobs, increase mining revenues, and contribute to the structural transformation of Burkina Faso’s economy.
