Burkina Faso launches "Diaspora Bonds" in Canada to fund national development projects
via Lefaso.net3 min read
Burkina Faso has launched its "Patriot Loan" operation, also known as "Diaspora Bonds," in Montreal and Ottawa, aiming to raise 125 billion CFA francs from Burkinabè living abroad. Officially launched on May 6, 2026, in Burkina Faso, this initiative allows expatriates to contribute to national development projects while benefiting from a secure financial investment. The funds are intended for several key state projects, including the creation of an industrial free zone for agro-industry, the construction of the Bagré-Aval hydroelectric plant, the establishment of five urban solid waste treatment units, an industrial fertilizer production complex in Kodjari, and the Ouagadougou–Bobo-Dioulasso highway. A delegation, including Ms. Nandy Somé/Diallo, Ambassador of Burkina Faso to Canada, Mr. Boukaré Zouanga, Director of Public Debt, and Mr. Ismaël Aziz Daboné, Delegate of the High Council of Burkinabè Abroad in Canada, presented the objectives, subscription methods, and expected returns of the operation. Two subscription options are available: a five-year bond with a 6.75% interest rate and a seven-year bond with a 6.85% interest rate, with interest paid semi-annually. To ensure accessibility, individuals with a bank account in Burkina Faso can subscribe from 10,000 CFA francs, while other investors have a minimum threshold of 50,000 CFA francs. Maranatha Ouedraogo, negotiation director at SBIF, highlighted the attractive yield, secure placement, and regular income, emphasizing t
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Wendlasida Constance Kaboré, a jurist and financial services administrator, has nurtured a passion for writing since adolescence. Her literary works, which she humorously calls her "literary fridge" contents, have now emerged with the publication of "Les Sept Harmattans," a 90-page collection of short stories exploring the fragilities of Burkinabe society. This debut work earned her the Grand Prize for Short Story at the 2025 Ouagadougou International Book Fair FILO, introducing a sensitive, rigorous author deeply committed to humanity to the literary world. Kaboré's writing journey began in college, where she used a notebook to document her days, dreams, and hopes, finding solace in reading and writing. Her texts matured over many years; initially, a novel was planned for publication, but she decided to rework it. The short stories, already nearly complete, then became her focus. She emphasizes that the main difficulty in writing is self-confidence, as publishing involves exposing a part of oneself to judgment. Kaboré credits her French teacher, an uncle, and her family for their encouragement, which was crucial in her decision to publish. Despite this support, nearly five years passed between her decision to publish and the book's release. In her professional life, Kaboré works as a financial services administrator at the Directorate General of Economy and Planning. She views her profession not as an obstacle but as a source of discipline and motivation, finding time to wri
Burkinabe military surgeons participated in an exchange session with the US National Guard in Washington D.C. on May 14 and 15, 2026, as part of the State Partnership Program SPP. The US Embassy in Ouagadougou announced this on Saturday, June 6. The collaboration focused on emergency care management in combat situations, with a particular emphasis on shock trauma during large-scale operations. This initiative highlights the strengthening of cooperation between Burkina Faso and the United States, based on shared expertise, mutual learning, and the development of common capabilities in military health and security.
Must ReadMozambique is mourning the violent death of Bishop Osório Citora Afonso of the Quelimane diocese, who was found dead at his episcopal residence on Saturday, June 6, 2026. Vatican News reported the incident, stating that initial information suggests he was killed by gunfire. Security forces have launched an investigation to determine the circumstances of his death. The bishop's passing has caused deep emotion within the national and international Catholic community. The Vatican expressed its sorrow and called for prayers for the Mozambican people. Mozambican political authorities offered their condolences, describing the loss as irreparable for the nation and the Church. A commemorative mass has been announced at Our Lady of Deliverance Cathedral in Quelimane. Bishop Osório was a committed religious figure known for his pastoral work, missionary engagement, and dedication to peace and reconciliation.
The inaugural FASO GONDAL festival, held in Dédougou, Burkina Faso, was officially launched by the Minister of Homeland Construction, Mikaïlou Sidibé. The event, which saw significant public participation from the Bankui population, focused on peace and social cohesion under the slogan "One people, one culture, one pride." The Minister acknowledged the role of defense and security forces in restoring calm and emphasized culture's importance as a tool for dialogue and strengthening coexistence. The concept of "GONDAL," meaning living together, highlights culture's role in fostering peace and social cohesion. Speakers at the festival stressed the need to strengthen community ties and transform the event into a space for fraternity and development. The three-day festival includes concerts, conferences, sports activities, and a commercial area, aiming to promote Burkinabè identity and national values.