twitter RSS Feed linkedin acp contact

Financial institutions to speed up special agro-industrial processing zones in Africa

Representatives from development finance institutions, private developers of Special Economic Zones and other key players in Africa’s agri-business sector said that the African Development Bank’s Special Agro-industrial Processing Zones (SAPZ) initiative can trigger a fundamental change in Africa’s economic transformation

Participants agreed to work together under a cooperation framework for SAPZ implementation in Africa. (Image source: Adobe Stock)Participants agreed to work together under a cooperation framework for SAPZ implementation in Africa. (Image source: Adobe Stock)

They were speaking at the first partnership meeting for agro-industrialisation held recently and shared insights on how agro-industrialisation can create massive job opportunities, boost agricultural productivity, generate wealth and improve the quality of life for people across the continent. Participants agreed to work together under a cooperation framework for SAPZ implementation in Africa, under the leadership of the African Development Bank (AfDB).

“The value of the agribusiness sector is expected to reach $1 trillion by 2030…Those of us working in the economic zones sector will work closely with the African Development Bank initiative on this huge opportunity,” said Ahmed Bennis, secretary-general, Africa Economic Zones Organization

“The stakes are extremely high: during this week of the UN Food Systems Summit. We stakeholders in Africa’s growth and development need to form a common vision on a roadmap towards agro-industrialisation on the continent,” said Dr Beth Dunford, AfDB's vice-president for agriculture, human and social development.


LATEST NEWS IN Agriculture

African Development Fund approves US$6.4mn grant to increase financial access for agricultural value chain entrepreneurs

African Development Fund approves US$6.4…

The Board of Directors of the African Development Fund, the African Development Bank Group’s (AfDB’s) concessional lending window, has approved a grant US$6.4mn to Gambia to implement the Incentive-Based Risk-Sharing...

Esri partners with Microsoft to support sustainable agriculture development in Africa

Esri partners with Microsoft to support …

To help support government and non-profit organisations on the continent address climate change, water supply and food security challenges, Esri, the global leader in location intelligence, has collaborated with Microsoft...

USAID and NASA renew partnership to address development and humanitarian challenges

USAID and NASA renew partnership to addr…

On 4 November, Administrator Samantha Power signed a Memorandum of Understanding (MoU) between the U.S. Agency for International Development (USAID) and the National Aeronautics and Space Administration (NASA) to renew...

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

CotonChad and IDH sign partnership with Better Cotton

CotonChad and IDH sign partnership with …

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Zambia to get US$10mn in agriculture investment

Zambia to get US$10mn in agriculture inv…

Germany’s Amatheon Agri Group and Japan’s Toyota Tsusho Corporation have announced a joint venture that will invest approximately US$10mn in an agricultural project in Zambia

Encouraging seed systems

Encouraging seed systems

AT A TIME when failing harvests are once again threatening the lives and livelihoods of millions across Africa, 300 agriculture scientists, entrepreneurs, farmers’ organisations and governments from across the continent...

Syngenta and USAID invest US$1.8mn to help smallholder farmers in Zambia

Syngenta and USAID invest US$1.8mn to he…

Global agribusiness company, Syngenta, has partnered with the Feed the Future Partnering for Innovation, a United States Agency for International Development (USAID) programme implemented by Fintrac Inc, to help smallholder...

Tanzanian Ministry directs NFRA to purchase farmers' crops

Tanzanian Ministry directs NFRA to purch…

Tanzania’s Ministry of Agriculture has ordered the National Food Reserve Agency (NFRA) and the Cereals and Mixed Crops board to start buying produce from the farmers

Research: Rothamsted scientists make gene breakthrough in fight against weeds

Research: Rothamsted scientists make gen…

A team of scientists from Rothamsted Research have successfully adapted genetic techniques developed for crop improvement to be used in weeds – allowing them, for the first time, to directly...

FAGRO seeks to strengthen partnership with smallholder farmers

FAGRO seeks to strengthen partnership wi…

The National Food and Agriculture Show (FAGRO) plans to work alongside Africa’s smallholder farmers, with its aim being to transform the agriculture sector

Nigeria looks to agriculture for growth

Nigeria looks to agriculture for growth

At the New World Nigeria investment conference, Nigerian minister of agriculture and rural development, Akinwumi Adesina, and the governor of the Central Bank of Nigeria, Lamido Sanusi, made clear their...

Lean farming can make agricultural operations more effective: experts

Lean farming can make agricultural opera…

Lean farming has the power to make agricultural operations more effective and improve profit margins – but it requires a radical shift in thinking, said Conor Colgan, farmer and business...

Zimbabwe sets up US$20 million wheat fund

Zimbabwe sets up US$20 million wheat fun…

Tendai Biti, Zimbabwe’s finance minister, has announced that the government has set aside US$20 million to support a 26,280 hectare winter wheat programme

Food shortage would be a serious crisis in UK under lockdown, says GODAN executive director

Food shortage would be a serious crisis …

In the UK’s coronavirus lockdown situation, it is imperative that plans are in place to ensure the supply chain remains open, functional and optimised, according to Andre Laperriere, executive director...

AfDB hosts meeting to fight Fall Armyworm

AfDB hosts meeting to fight Fall Armywor…

The African Development Bank (AfDB) is hosting “From Plan to Action,” meeting to control Fall Armyworm in southern Africa from 26-27 July 2018

Prev Next