Agribusiness for Africa’s Prosperity
Agribusiness for Africa’s Prosperity is a publication from UNIDO. This book analyses the challenges, the potential and opportunities of African agribusiness in the current period of dramatic changes in global agro-industrial markets, and builds a strong case for agribusiness development as a path to Africa’s prosperity.
The book is based on a “Value Chain” approach to Agribusiness and outlines 8 key issues and 7 Pillars for Agribusiness development in Africa, including promoting effective & innovative sources of financing. It is based on the study of 14 countries and was developed alongside the Africa Agro-Industry and Agribusiness Development Initiative (3ADI).
The MFW4A AgFin Donor Working Group outlines and shall further emphasize the following messages of this book:
Pillar 5 – Promoting Effective and Innovative sources of Financing: Two critical areas would deserve the working group attention: (i) facilitating pooled funding for AgriFinance that uses the public sector to leverage from the private sector; and (ii) creating the enabling condition for local resource accumulation and investment.
Pillar 6 – Stimulating Private Sector Participation: Critical area is enterprise development by creating an enabling environment by fostering macroeconomic stability, efficient financial institutions and systems and capacity to adapt technologies to local conditions.
The book comprises three parts: Part A outlines the current status of agribusiness and agro-industrial activities in Africa, in an historical and global context. It analyses the rationale for diversified and socially-inclusive growth through agribusiness development, along with the key determinants for fostering agribusiness value chain development. The seven chapters constituting Part B of the book analyse the seven development pillars for agribusiness development, in terms of enhancing agricultural productivity; upgrading value chains; exploiting local, regional and international demand; strengthening technological effort and innovation capabilities; promoting effective and innovative financing; stimulating private participation; and improving infrastructure and energy access. This analysis is followed by an agenda for action in Part C, with a key focus on visions, policies, strategies and institutions for Africa’s agribusiness development and the way forward towards converting plans into action.