AGRA mobilises private sector for agricultural investment opportunities

The 2020 African Green Revolution Forum (AGRF) will be held under the leadership of the President of Rwanda, Mr Paul Kagame, and the AGRF Partners Group from September 8 –11, 2020 in Kigali, Rwanda.

About 4,000 delegates and high-level dignitaries, including current and former heads of state and government; agriculture and finance ministers; central bank governors; eminent leaders of global and regional development institutions; top industry captains from the national, regional and global private sector, among others will participate in the virtual summit.

A media release issued by the Alliance for a Green Revolution in Africa (AGRA) said the AGRF 2020 came at an unprecedented time when major African cities, especially those that mainly relied on imported food, faced a looming hunger crisis following the implementation of lockdowns in several countries to contain the spread of COVID-19.

It also comes at a time Africa is faced with several other challenges that include climate change, malnutrition, poverty, emergence of pests such as desert locusts and fall armyworms.  

The theme for AGRF 2020, “Feed the Cities, Grow the Continent: Leveraging Urban Food Markets to Achieve Sustainable Food Systems in Africa”, is a call to action to rethink our food systems to deliver resilient, better nourished and more prosperous outcomes for all.

Side event

A specific side event at the AGRF will be the Agribusiness Deal Room; a transaction and match-making platform that connects investment-ready agricultural companies and projects to financiers, business development services and ecosystem partners. The primary aim of this matchmaking is to address access to capital by matching investment opportunities to investors and other financiers.
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As a prelude to AGRF 2020, AGRA Ghana and partners organised a virtual private sector forum on the theme: “Investing in the Private Sector to Feed World: A Ghana Perspective” on August 26, 2020.

The forum provided the private sector with adequate information and whipped up their interest to participate in AGRF 2020 to explore investment and networking opportunities.

The Chief Executive Officer of the Officer of the Private Enterprises Federation (PEF), Nana Osei-Bonsu, in a keynote address said Africa was not going anywhere without agriculture.

“The private sector has competitive opportunities to invest in. If we have to attract the private sector to go into agriculture, there must be investing in new production and processing technologies, there must be some bio technology and other things to attract them to do that,” he said.

The Regional Head West Africa, AGRA, Mr Forster Boateng, said: “Agriculture on the continent is largely driven by the private sector. If you really want agriculture to be sustainable and go to scale, you need the private sector.”

He added that unlocking the private sector was fundamental to meeting the food demands of Africa’s urban dwellers and to also create decent jobs for our teeming unemployed youth.

For his part, the Head of Input Distribution and Agro Dealer Development Unit at AGRA, Dr Victor Antwi, said, “Africa’s agriculture transformation is key to ensure food security and the end of hunger and malnutrition on the continent. Agribusiness financing schemes must be accessible to all farmer-based organisations to enable them to make significant contributions to Africa’s agriculture and food systems sector.”