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The 140th Board meeting of BOAD opens FY2024 with over XOF230 billion in commitments

The approved loans relate to the partial funding of the following projects:

  • 2023-2024 cotton season in Burkina Faso. This loan will contribute to the purchase and processing of approximately 427,500 tonnes of cottonseed into cotton fibre for the 2023-2024 season. Loan amount: XOF15 billion.


  • Emergency project for the production of mineral fertilisers in Burkina Faso. The purpose of the project is to purchase raw materials for the production of 29,000 tonnes of mineral fertilisers and strengthen the logistical capacity of the Société d’Exploitation des Phosphates du Burkina (SEPB). The project, once implemented, will contribute to improving the agricultural productivity and production and will facilitate small farmers’ access to quality fertilisers at competitive prices. Loan amount: XOF14billion.


  • Second phase of the Irrigation Development Programme in the Bani Basin and Sélingué (P2-PDI-BS), in the Moyen Bani region, Republic of Mali. The project aims to increase food and nutritional security and reduce poverty in the intervention area. Its implementation will, among other things, increase producers’ incomes and build people’s capacity to better address climate risks. Loan amount: XOF30 billion.


  • Road network upgrading project in the Republic of Senegal. The overall objective is to improve the mobility of people and goods on the major road network by eliminating areas of advanced deterioration and restoring comfort and safety for users. Loan amount: XOF30billion.


  • Development and asphalting of the Petit Nassian-Kafolo-Tehini road, Republic of Côte d’Ivoire. The project’s overall objective is to support the revival of the national economy by facilitating trade between the various localities located in its direct intervention area. Loan amount: XOF30billion.