The Minister of Higher Education, Scientific Research, and Innovation, Professor Alkassoum Maiga, presided this Tuesday, May 18th, 2021, the ceremony of presentation of checks to 43 research project leaders. These funds amounting to $2.97 million (1.6 billion CFA francs) will help find innovative solutions to the concerns of Burkinabè.
The announcement was made by the President of Faso in the early hours of the discovery of the first cases of the coronavirus pandemic in Burkina Faso. Indeed, Roch Kaboré had pledged to release $27.9 million (15 billion CFA francs) to finance, up to $9.3 million (5 billion CFA francs) for research, and $18.6 million (10 billion CFA francs) for the production of drugs.
Following this announcement, the money was made available to the National Fund for Research and Innovation for Development (FONRID) to organize its distribution. A call for proposals was launched and fourteen projects were selected. “A call for projects has allowed, with the Covid Burkina fund, to select fourteen projects that will be financed up to $1.5 million (800 million CFA francs),” said Minister Alkassoum Maiga.
Other projects, selected through other calls for tenders, have also received funding. Thus, the IDRC Fund has financed about $186,000 (100 million CFA francs) of projects. The FONRID, in its usual way, selects projects to be financed each year. For 2021, about $1.11 million (600 million CFA francs) will be made available to researchers.
Read more on the subject and find the most important finance news with the Born2Invest mobile app.
The researchers wanted to witness the presentation of the checks
These three funds, amounting to $2.97 million (1.6 billion CFA francs), concern 43 research projects. “I would like to say to the beneficiaries that there are other priorities such as food security, care in hospitals, but we have chosen to direct these funds to the actors of scientific research so that they find solutions to a number of concerns of the Burkinabe people. These are health-related issues such as Covid-19, hepatitis, and many other diseases. There are also other sectors such as construction materials, environment, sociology, agriculture, and many other sectors that are funded,” said Alkassoum Maiga to the holders of the various projects.
He also called on them to work with determination. “I am sure that if the beneficiaries apply themselves, at the final appointment, we will have solutions to many concerns of our country and I can only encourage them to commit themselves with determination, to show professional conscience so that the results are worthy of the investments,” he said.
The Minister of Higher Education, Scientific Research and Innovation believes that he will be able to hold a ceremony in the near future for the restitution of projects that should ultimately benefit Burkinabè.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in lefaso.net, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Three Applications Putting Augmented Reality in the Hands of Real Users
Augmented Reality (AR) is an exciting technology, especially now that we’re reaching an age where viable smartglasses are finally coming...
The State of Social Security: A Breakdown of the 2021 OASDI Trustees Report
The difficulties surrounding Social Security have not changed. It’s simply an equation of inflows and outflows. The glaring reality is that in...
Why the Number of Hedge Funds Active on the Crypto Market is Increasing
According to Francesco Filia, CEO of Fasanara Capital, cryptocurrencies often boost the performance potential of traditional hedge funds due to...
Hamburg-Based Neobank Tomorrow Raises €14 Million
So far, Tomorrow has lagged behind its own goals in some respects. In the past, an interim target of 1...
Virtual Reality in Exposure Therapy: XRApplied Making it a Reality
Virtual Reality is notoriously good at tricking our brains into believing that what we’re seeing is real. In fact, VR...
Cannabis2 weeks ago
Thailand Plans to Reap the Benefits of Cannabis Exports
Featured2 weeks ago
CRIF Invests in the Fintech Company Know Your Customer and Signs Strategic Partnership
Crypto2 weeks ago
Cardano Share Price Breaks Through $3 Mark After the Launch of Alonzo Test Net
Business2 weeks ago
Using SEO to Inform Your Website Content Strategy