Search NaijaAgroNet

Showing posts with label Green Revolution. Show all posts
Showing posts with label Green Revolution. Show all posts

Wednesday, April 13, 2016

Opinion: No option but to innovate for business of agriculture

Of all the challenges that Africa faces, there is one that transcends and embraces all the others: I mean agriculture. Our continent today runs the risk of missing a unique opportunity to develop and offer its youth the jobs it has the obligation to provide if it wants to avoid social implosion.
Agriculture, which employs or provides livelihoods to 60% of the population while contributing 20-30% to Africa’s GDP, is the sector that could by itself enable to save the greatest number of Africans from extreme poverty while giving them their dignity back.
And yet, it typically attracts less than 5% of lending from financial institutions on the continent, leaving farmers and agricultural enterprises starved of the capital they need to operate and grow their businesses.
The scope for growth is all the more important that the situation is highly paradoxical: Africa imports the equivalent of $ 50 billion of food every year. Yet more than half of the arable land unexploited in the world are on the continent!
The 12th CAADP PP taking place in Ghana this week is organised around the theme “Accelerating Implementation of CAADP through Innovative Financing and Renewed Partnership”. The theme reflects the urgency being placed on implementation by the African Union and its members.
To solve the agricultural equation, we must join forces and continue our efforts to define a common agricultural policy. In 2003, in Maputo, we really started to turn the corner in laying the foundations for pan-African agricultural initiatives. The Heads of State and Government of the African Union then decided to devote 10% of their national budgets to agriculture. In 2014, in Malabo, they reiterated their commitment to further increase investment, both public and private, in agriculture.
Innovative financing will be key in unlocking Africa’s Green Revolution. Innovative financing is a means of mobilizing additional resources for investment in agriculture or solving long-running market failures that can unlock private investment. Now we should aim at a growth model that is public-sector enabled, and private sector scaled.
Because of the rural and dispersed nature of agricultural production, where banks and formal financial institutions often lack a presence, mobile technology provides a convenient and low-cost distribution channel to reach farmers and agro-enterprises with electronic payments and information products, as well as savings, credit, and insurance products, among others. It can also help to transfer targeted financial support for small farmers and agribusiness.
Investments in infrastructure will also help drive increased private investment and production in the agriculture sector. Often resulting in public goods that benefit a broad base of economic activity, investments in irrigation, transport and market infrastructure in particular are critical to improving economic returns and productivity in the agriculture sector.
The next step is to put in place a system that ensures the prices and the flow (or storage) of production, combined with a system of variable levies at the external borders of Africa (taxes on imports) protecting productions potential competition from products from outside. This will require innovative financial mechanisms and technologies as well.
A proactive agricultural policy should be common because it requires us to share not only our resources, but also our minds and our wills. It should be common because it cannot be implemented without regional infrastructure, energy and logistics in particular, that will allow our farmers to compete and enter into a process of value creation. We should harness the latest innovations and technologies because Africa has no other option but to leapfrog if it wants to realize its tremendous potential.

*A contribution by Ibrahim Assane Mayaki is CEO of the New Partnership for Africa's Development (NEPAD).
... Linking agrobiz, sustainable environs, people & technology

Friday, October 2, 2015

AGRA set to release Africa Agricultural Status Report


NaijaAgroNet
The Alliance for Green Revolution in Africa (AGRA) is set to release its annual Africa Agricultural Status Report, to provide a framework on how the sector could becomelucrative option for Africa’s young entrepreneurs, NaijaAgroNet reports.

AGRA will be maximizing the opportunity offered by the presence of more than 500 leaders from over 40 countries that are attending the African Green Revolution Forum (AGRF), which opened Wednesday in Lusaka, Zambia, to make the report public.

The President, AGRA, Dr. Agnes Kalibata, said, “The African Union in 2014 pointed to the potential for agriculture-related jobs to employ at least 30 per cent of African youth. Yet many young Africans are pessimistic about agriculture, because they see too many farmers and agriculture businesses struggling to survive.”

Also expected at the AGRF 2015, NaijaAgroNet gathered, are high-level government officials, leaders of pan-African development organizations, representatives of youth and women’s organizations, academic experts, investors and agriculture business innovators.

According to Vanguard, the Conveners of  this year’s AGRF with the theme “Walking the Talk on Youth and Women: Bringing Inclusive Agricultural Markets to Life” said the rapid rise of urban food markets across sub-Saharan Africa represents an unparalleled opportunity to drive development of African agriculture, and ultimately to engage millions of youth who enter the continent’s labour market each year.

The Secretary General, Common Market of East and Southern Africa, Sindiso Ngwenya, said, “The AGRF can generate huge momentum for policies and programs that support Africa’s famers and African-owned agriculture businesses to capture a bigger stake in the agricultural sector and rising urban markets.”

“Rather than meeting this demand through food imports, Africans need to grow, process, package and market the food consumed in our rapidly growing cities and towns,” Ngwenya stated.

Cyriacus Nnaji/GEE
 
... Linking agrobiz, sustainable environs, people & technology

Monday, September 28, 2015

Africa agriculture potential reaches N159trn by 2030

NaijaAgroNet

 
The Alliance for Green Revolution in Africa (AGRA) has said that the value of Africa's agriculture output is estimated at $280 billion, about N55.79trillion yet it has the potential to reach $800 billion, about N159.4 trillion by 2030, reports NaijaAgroNet.

"It (agriculture) could address a major problem in Africa by providing economic opportunities for the 200 million people between 14 and 24 years old that make Africa home of the youngest population in the world."

NaijaAgroNet gathered that a global accounting firm, PricewaterhouseCoopers (PwC) has, in its own assessment of the continent’s agriculture, said that Africa "represents the 'last frontier' in global food and agricultural markets".

"The continent houses almost 60 per cent of the world's uncultivated land and an abundance of natural resources." It also said due to the large percentage of uncultivated fertile land and the presence of water, sub-Saharan Africa was specifically attractive.

A report by the international accounting firm KPMG said agricultural growth in Africa has failed to reach its potential and there was need for a concerted effort at improving techniques, markets and access to credit for small farmers.

This avalanche of positive reports about Africa’s agricultural profile, Business Standard informed, is reasonthe third India-Africa Summit coming up in New Delhi next month will, afford an opportunity to deepen India's involvement in improving Africa's agriculture NaijaAgroNet learnt.

The Nigeria’s permanent secretary, ministry of agriculture, Sonny Echono said the Chinese agricultural development model suited Nigeria's Agricultural Transformation Agenda and the country was working to improve its milling capacity in rice and cassava.

Cyriacus Nnaji/GEE

... Linking agrobiz, sustainable environs, people & technology

Friday, August 7, 2015

AGRA partners COMESA for youth-centred agro plans



The Alliance for Green Revolution in Africa (AGRA) has concluded plans to partner with the Zambian Ministry of Agriculture and Livestock, and the Common Market for Eastern and Southern Africa (COMESA), to invent strategies that will enable the youth and women engage in profitable agriculture.

AGRA and COMESA, NaijaAgroNet gathered, will next month host the African Green Revolution Forum (AGRF) to develop concrete investment plans for driving Africa’s agricultural transformation. The forum, whose theme is “Walking the talk on youth and women, bringing inclusive agricultural markets to life,” is slated for September 29 to October 2, wherein about 300 global and African leaders are expected.

AGRA president Agnes Kalibata at a press briefing recently, NaijaAgroNet reports, said as African economies have continued to experience positive growth, it is important that all stakeholders join forces in scaling up production to give to the livelihoods of the people.

“The AGRF partners group is pleased to have Zambia as the venue for this year’s forum. Zambia is a regional agribusiness hub and Government has prioritized agricultural growth over the past few years as witnessed by its heavy investments in developing the sector,” she said.

She said for Africa to unlock the wealth that exists in the agriculture sector, governments should ensure that the value chains work for men, women and youth.

NaijaAdgroNet learnt that the Minister of Agriculture and Livestock Given Lubinda  on her part, said that government will support any programme that seeks to promote the growth of the sector in a sustainable way.

“We are ready to partner with AGRA, the AGRF Partners’ Group and other industry players to ensure that the planned forum is a resounding success and that Africa’s agricultural transformation gets the push it needs to witness even more progress for our businesses and farmers,” Lubinda stated.

Cyriacus Nnaji/GEE

... Linking agrobiz, sustainable environs, people & technology
 PIX: Agnes Kalibata