Review article
https://doi.org/10.34075/sb.63.2.4
The effect of investment projects on the selffinancing of African Churches: the case of the dioceses of Burkina Faso
François Sondo
Abstract
Dioceses need financial, material and human resources to organize worship, provide an honest livelihood for mission workers
and fulfil their duty of charity and solidarity. This can’t be achieved with our hands always outstretched to the outside world. With a view to self-financing, several dioceses in Burkina Faso have launched investment projects. This article looks at the impact of investment projects on diocesan self-financing. To this end, we conducted surveys of 60 investment projects. Analysis of the results shows a positive effect. However, a number of shortcomings were noted, making this effect rather weak. To make it more significant, it is important for dioceses to invest in strategic areas, to improve the quality of their investments, to go further in their budgeting practices and to practice forward-looking management of the personnel assigned to investment project management. They also need to set up appropriate instruments such as a Strategic Investment Fund, a Catholic Investment Network and a Diocesan Office for Analysis, Monitoring and Evaluation of Investment Projects.
Keywords
investment project; diocese; self-financing
Hrčak ID:
309588
URI
Publication date:
7.11.2023.
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