WEF_GrowAfrica_AnnualReport2014

Forward Look
Forward Look
FORWARD LOOK
Investment and Partnering Opportunities
PRIORITIES FOR PROGRESS
Better access and infrastructure will help
bolster Growth Poles approach
The main priorities that emerge for the next year are
as follows:
•¡
leveraging Bagré as a flagship Growth Pole:
including by enhancing promotion and
communication of investment opportunities offered
by the project with a value-chain approach, setting
up a pilot catalytic fund based on lessons learnt
and experiences from other countries (such as
Mozambique), and ensuring that companies to which
land is allocated have inclusive business models;
•¡
developing and promoting other Growth Poles:
including Sourou (with a potential of 30,000 ha
of irrigated land, only 13% of which has been
cultivated so far), Kompienga and Samendéni (with
the construction of a dam underway, and a total area
23,600 ha to be cultivated);
•¡
boosting infrastructure: in all Growth Poles, improved
mechanisation and irrigation are key to moving from
small-scale farming to commercial agriculture, with
more land cultivated and better yields;
•¡
creating a conducive enabling environment:
including by finalising the proposed bill on land and
the Agricultural Orientation Law (due to be voted on
by the end of 2014), as well as developing a strategy
for raising the international profile of agri-investment
opportunities in Burkina Faso to attract privatesector
interest;
•¡
tapping into the potential of the livestock sector: by
addressing the key factors holding back its growth,
including limited access to markets and laboratories,
inadequate hygiene standards and a shortage of
cold storage infrastructure;
•¡
increasing locally-produced agricultural inputs: to
improve access to quality inputs for all farmers and
farms;
•¡
stepping up agro-processing activity: with enhanced
transformation and value-addition for locallyproduced
products being a priority in all value
chains; and
•¡
supporting agri-SMEs: with capacity building,
technical support and facilitated access to finance.
The following investment opportunity have been
prioritised by the Government of Burkina Faso:
Multiple prospects offered by Growth Pole
well-served with essential resources
As a linchpin in the GoBF’s agricultural growth
strategy, the Bagré Growth Pole project is supported
by the World Bank with a $115 million investment,
supplementing $200 million already invested in the
region by the Burkinabe government, and backed by
an ambitious 5-year development programme (for
the period 2012-2017). The active involvement of
the Prime Minister’s Office in the management of the
Growth Pole further ensures that priority is accorded to
improvement in institutional capacity, development of
infrastructure and services, and support to SMEs.
Declared a “Public Utility Zone”, investors in the
region are able to access attractive 99-year leases.
With the 1.7 billion cubic meter capacity Bagré dam
providing water and electricity (currently 16 MW, with
an extension planned), and the availability of accessible
arable land, the area is well-suited to cereal cultivation
and processing. In particular, rice – which is the fourth
most-produced cereal and the most imported in the
country (accounting for 60% of domestic consumption)
– represents a major opportunity for import
substitution, with Bagré offering around 30,000 ha
suitable for rice production. The area also lends itself to
the possibility of developing a variety of other activities,
including truck farming, animal husbandry, fishery, and
niche and emerging products.
Points of contact for investments
Issaka Kargougou
Managing Director, Bagrépôle |
issaka.kargougou@yahoo.fr
Adamou Nikiéma
Manager, Promotion of Investments, Bagrépôle |
ada_nick2003@yahoo.fr
Fishery is one of several attractive opportunities at the Bagre Pole.
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Burkina Faso
Burkina Faso
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