Investing In Agri-processing For Resilient Food Systems


Investing in Agri-processing For Resilient Food Systems

By Soko Directory Team / Published November 23, 2022 | 2:24 pm

Agri-processing companies are at the front of building resilient and regenerative food systems in sub-Saharan Africa.

The Agribusiness in Africa Window – Round 2 (AAW-R2) – a CAD $20 million program co-funded by Global Affairs Canada (GAC) and AGRA, and implemented by AECF (Africa Enterprise Challenge Fund) surfaced innovative business models best poised to address Challenges faced by small and medium agribusinesses and agri-processors (SMEs) to access appropriate financing.

These investments have enhanced productivity, decreased post-harvest losses, diversified product offerings, and created jobs in critical agricultural value chains, resulting in improved livelihoods in rural and marginalized sub-Saharan Africa.

The AAW-R2 Program available funding to 19 SMEs across 11 countries which include: Kenya, Nigeria, Malawi, Mozambique, Sierra Leone, Senegal, Tanzania, Zambia, Zimbabwe, Uganda, and Burundi/DRC, with businesses working in a variety of agriculture value chains, including maize, legumes, palm oil, bananas, cashew, fruits, sweet potatoes, moringa, livestock production, and digital information services. The program has impacted 2.9 million lives and 582,338 rural households less, 60% of whom live on US$ 2 per day.

Victoria Sabula, CEO of the AECFsaid, “Building resilient food systems is a matter of urgency, and value addition presents better possibilities for Africa’s smallholder farmers. This program has demonstrated the essence of investing in close-to-production downstream processing facilities that create rural markets and reduce costs for , smallholder producers while increasing incomes, impacting lives, and providing opportunities for value addition.”

Agnes Kalibata, President of AGRAsaid, “Businesses need to recognize growth opportunities and have the confidence, financing, and capabilities to serve farmers, trade produce, and process food profitably. Farmers need access to appropriate, affordable technologies for producing resilient, quality crops and a fair chance benefit from the fruits of their labor. Everyone needs to participate in markets that not only enable the efficient flow of physical goods but also the right flow of information for buyers and sellers to find each other. These are the basic building blocks of any sustainable food system, yet in many countries, they are flawed or missing altogether.”

Christopher Thornley, Canadian High Commissioner to Kenyasaid “Canada is proud to partner with African institutions like AGRA and AECF. Their deep contextual knowledge facilitates the achievement and sustainability of results, including increased incomes and improved food security. I look forward to seeing AECF’s growth partner as tin Canadaner and others support small and medium enterprises on the continent, particularly those that are women-owned and women-led. I know the lessons we have learned from the Agribusiness in Africa project will undoubtedly lead to even stronger outcomes in the future.”

The AAW-R2 program has affirmed the importance of investing in rural agro-processing infrastructure at the farm gate which offers the potential to increase the volume and quality of production and create value-added for smallholder farmers further up the value chain.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team

More Articles From This Author

(function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(d.getElementById(id))return;js=d.createElement(s);js.id=id;js.src=”https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.9″;fjs.parentNode.insertBefore(js,fjs);}(document,’script’,’facebook-jssdk’));



Source link

admin

Leave a Reply