Burkina Faso's Richest Man Secures 5.2 Million To Support Togo's Farmers

Mahamadou Bonkoungou, Burkina Fasos richest man and chairman of EBOMAF Group, has secured 5 million 5.2 million in financing from Bank of Africa Togo BOA-Togo to help farmers access modern equipment and improve productivity.

The funds will be channeled through Bonkoungou Distribution BKG, a subsidiary of EBOMAF, allowing Togolese farmers to acquire tractors, combine harvesters, and other machinery under flexible payment terms. By easing the financial burden of mechanization, the initiative tackles a key challenge in the sector, making it easier for farmers to scale their operations.

The financing builds on a partnership established in May 2023 between BOA-Togo and BKG Distribution, aimed at breaking financial barriers to mechanization. BKG CEO Bassirou Bonkoungou emphasized that the initiative provides farmers with a practical solution to increase output without the immediate pressure of large upfront costs.

We are committed to supporting farmers with cost-effective solutions tailored to their needs, Bonkoungou said. An additional 10 million 10.5 million in financing is expected, further expanding BKGs capacity to supply advanced farming tools and accelerate Togos push for agricultural modernization.

While Bonkoungou made his fortune in construction, his business interests now span finance, aviation, and agriculture across West Africa. His company, EBOMAF Group, has played a major role in infrastructure, overseeing projects like the Lom-Kpalim road construction in Togo.