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Burundi - An investment fund for farmers

Burundi has all it takes to successfully develop an agricultural sector: a fine climate, fertile soils and a tradition in farming. Yet, there is one essential element missing to modernise this sector and have it enter the 21st century: capital. To do something about this, BTC’s agricultural programme in Burundi (PAIOSA) launched a new initiative to support agricultural entrepreneurs in Burundi to acquire equipment and infrastructure.

On Monday 15 April 2013, in Rutana, in the south-east of the country, BTC and Burundi’s Ministry of Agriculture have officially inaugurated the ’Competitive Value Chain Investment Fund’.

This Fund is alligned with the National agriculture strategy and the National agriculture investment plan, which are determining the actions of the Ministry of Agriculture and Livestock. It will help agricultural entrepreneurs to set up projects in the maize, banana, rice and milk value chains as well as in seed value chains.

The best proposals made by entrepreneurs for projects of 1,500 to 75,000 euros will benefit of financing. However, to ensure sustainability and commitment, the Investment fund demands joint funding by the farmers to an amount of 25% to 75% of the total amount.

Theatre performances that explain how the fund works enlivened the launch of the fund. This ceremony also was an occasion for the programme to hand over five vehicles to the Provincial agricultural and livestock directorates of Cibitoke, Bubanza, Kirundo, Ruyigi and Rutana.

Source : Belgian Technical Cooperation

Crédits: AK-Project