Burkina Faso: Economic development, APEC key partner for two plants in the South-West and Centre-East regions
The Burkinabe government has approved the participation of the Agency for the Promotion of Community Entrepreneurship (APEC) in the financing of two ongoing industrial projects. This decision was announced during the Cabinet meeting and is included in its official report.
The first project involves a semi-mechanized mining plant located in the South-West region, specifically in Bielméra. APEC will hold a 21% stake in this facility, which is valued at a total cost of 1.548 billion CFA francs. The remaining 79% will be funded by the “Bâtir l’avenir” (Building the future) cooperative, representing the contributions of APEC-affiliated members, as confirmed by the Minister of Economy, Finance, and Prospective, Aboubakar Nacanabo.
The second initiative focuses on the establishment of a tomato processing plant in the Centre-East region, in Tenkodogo. The project costs 7.5 billion CFA francs, with APEC investing 1.5 billion CFA francs, while the remainder will be funded by the “Bâtir l’avenir” ” (Building the future) cooperative on behalf of APEC’s members, according to the Minister’s details.
These industrial projects are part of a strategic vision aimed at strengthening the national economy. By promoting the establishment of factories in various regions, Burkina Faso seeks to boost the local transformation of natural and agricultural resources, create sustainable jobs, and reduce dependence on imports.
The mining plant in Bielméra is expected to stimulate the South-West economy by capitalizing on local natural resources, while the tomato processing unit in Tenkodogo will maximize the benefits of agriculture in the Centre-East region. These projects align with the government’s goal of inclusive and community-driven industrialization, notably through APEC, to engage local populations in the management and benefits of economic activities.
By supporting these initiatives, the state reaffirms its commitment to building a resilient economy based on the valorization of national resources and community development.
