FAO’s AgrInvest initiative aims to attract private investment in agri-food systems aligned with the SDGs by leveraging public funds. Within the framework of AgrInvest, FAO is implementing the “AgrInvest-Food Systems” (AgrInvest-FS) project to promote sustainable investments in agri-food systems in Burkina Faso, Ethiopia, Kenya and Niger, which contribute to sustainable economic growth and boost employment rural. particularly for women and young people.
In late 2020, as part of the AgrInvest-FS project, FAO organized the workshop “Enabling Inclusive and Efficient Private Sector Investments in Burkina Faso’s Agri-Food Systems” in Ouagadougou, Burkina Faso. The objectives of the event were to present the project to key actors from the public and private sectors and collaboratively identify two agri-food value chains to prioritize with the support of AgrInvest-FS.
To comply with security measures to contain the COVID-19 pandemic, the number of participants was limited to 27 attendees.
The event also served to present and validate the first study developed under the Burkina Faso project, the “Analysis of the political economy of Burkina Faso’s food systems” carried out in collaboration with the European Center for Development Policy Management (ECDPM ).
This analysis proposes rice and aquaculture as the key value chains to prioritize, given their potential to improve socio-economic outcomes and sustainability of the country’s food systems and their complementarity at the territorial level, particularly in the western regions of Burkina Faso.
As a result of a series of round table discussions and group work that identified constraints and opportunities in the selected value chains, the participants validated the study and confirmed their interest in prioritizing aquaculture and rice.
“Fish farming is a sector with great economic and social potential in Burkina Faso. The Government has shown its interest in the sector by formulating a national development strategy for sustainable fisheries and aquaculture by 2025 ”, said Ms Huguette Bama, Director General of the Investment Agency of Burkina Faso (Agence Burkinabè des Investissements) and moderator of the event, during the discussions.
The results of this workshop will serve as the basis for a technical study, analyzing the two value chains in greater detail.