The Bagré Growth Pole
Bagré Growth Pole Project is managed by a national committee chaired by the Prime Minister, and structured as an autonomous public-private society. This body leads dialogue with donors and investors, and ensures it contributes to national development goals through growth, jobs, increased incomes and stronger communities. A partnership between Burkina Faso and World Bank provides critical mass of support to boost the development of the zone, including $134 million of investment between 2011 and 2017.
Bagré provides good investment opportunities due to:
- Irrigable land: Excellent water availability and 58,000 ha with primary irrigation network.
- Secured land: Customary land rights formally cleared and land ready to be allocated through long-term leases to private investors/ contractors.
- Existing models: Small and medium agribusinesses engaged in rice, horticulture, fish, and animal food production.
- Good infrastructure: $200m invested in dam, irrigation canals, hydropower, and road network linked to regional markets
- Good Institutional Policies: Burkina Faso is among the 10 best reformers in world for doing business. This includes open policy toward FDI, fiscal incentives, and favourable tax regime.
Domestic and international investors are engaging actively, and in September 2012 many declared their concrete intentions within a Country Cooperation Framework. The Country Cooperation Framework also lists commitments from the government and donors for public investment and policy reforms. Download these here in English and French.
Numerous investment opportunities exist. Target commodities depend on investors and opportunities and may include:
- Fish farming
An Investment Brochure prepared for the Grow Africa Investment Forum outlines business cases for 2 immediate opportunities:
- Rice processing
- 100ha Horticultural Production Farm
Private sector partners are sought from a continuum of small to big operators:
- Big (national or international): Open markets, technology transfer
- Medium: to meet demand of domestic investors;
- Emerging small farmers: able to produce for the market (with support for professionalization)
About Bagré Growth Pole:
- Adamou Nikiéma, Bagre Investment Promotion Manager: firstname.lastname@example.org, +226 70200541
- Issa Bikienga, Special Advisor, Ministry of Agriculture: email@example.com
- Issaka Kargougou, Director General, Bagre Growth Pole: firstname.lastname@example.org