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<p>Nigeria’s agricultural sector recorded a growth of 1.39 per cent in the third quarter of the year, that’s according to latest data by the National Bureau of Statistics. Kola Masha, Managing Director of Babban Gona joins CNBC Africa for more.</p>


Nigeria’s agricultural sector remains resilient in the face of COVID-19 crisis

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<p>Globally, there has been an increasing threat of climate change to agriculture sector. Mucyo Papias, Land Husbandry and Irrigation Technology Transfer Specialist at Rwanda Agricultural Board joins CNBC Africa on how solar powered irrigation can be leveraged to build more resilient food systems in Rwanda.</p>


This is how green innovation can help build resilient food systems in Rwanda

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<p>South Africa’s second quarter GDP figure reflected a dismal economic picture of the countries woes amid the COVID-19 crisis. However the silver lining in the figures was the agriculture sector which increased by 15.1 per cent and according to FNB Agribusiness, the sector will continue to see robust growth into 2021. Paul Makube, Senior Agricultural Economist at FNB Agribusiness joins CNBC Africa for more.</p>


SA’s agricultural sector remains resilient in the face of COVID-19

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<p>Moves to address smuggling in Nigeria are back on the front burner as experts say various sectors of the economy suffer the adverse effects of the act &#8211; particularly the agricultural sector &#8211; and are calling for more legal backing. Kofo Olugbesan, Managing Director and CEO of Good Intentions Services joins CNBC Africa to discuss this ways through which the Nigerian law address smuggling effectively.</p>


How to address the crisis of smuggling in Nigeria

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<p>Rwanda’s Minister of Finance and Economic Planning, Uzziel Ndagijimana is today reading the final 2020/2021 budget, 60 per cent of which will be sourced domestically. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.</p>


How can African governments cushion the agricultural sector from COVID-19 shocks?


<p>LUSAKA (Reuters) &#8211; Zambia’s African Green Resources (AGR) on Sunday launched an $81 million financing programme under which the company and its partners will provide farm supplies and technology to farmers in exchange for grain.</p>



<p>As part of broader plans by AGR to invest $150 million in Zambia for projects including a 50 megawatt solar farm and irrigation dam, AGR will target 120 commercial farmers and 250,000 small and middle farmers with the new programme to boost food security in Zambia and the surrounding region, chairman Zuneid Yousuf said in a statement.</p>



<p>It will cover 60,000 tonnes of fertiliser for wheat and soya farming &#8211; worth $55 million &#8211; and $26 million for projects such as the expansion of grain storage silos. It will be financed through regional and global banks, with the money repaid from the produce the programme yields.</p>



<p>“We expect to receive 44,000 tonnes of wheat per season,” Yousuf said, some of which will be processed before being sold on local and international markets.</p>



<p>“We will repay the loan from sales of wheat flour, soya processing plant products and silo revenue.”</p>



<p>Some of the money is also guaranteed by the African Development Bank, the African Union, Sace Italy and Agriculture Grain International.</p>



<p>The farmers, meanwhile, would benefit from the ability to grow their businesses with the help of access to markets and credit finance, Yousuf added.</p>



<p>World Food Programme (WFP) estimates indicate that a record 45 million people in 16 nations in southern Africa face growing hunger after repeated drought, low yields, widespread flooding and sluggish economic growth.</p>



<p>Reporting by Chis Mfula; Editing by Emma Rumney and David Goodman</p>


What you need to know about this Zambian agriculture business launching an $81 million farmer financing scheme

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<p>In his New Year speech, Nigeria’s President, Muhammadu Buhari stated that the revolution in the agricultural sector is already a reality in all corners of the country adding that new agreements with Russia and Morocco will fasten transformation in farming. So what areas should Nigeria prioritise to ensure food security this year? Kola Masha, Managing Director at Babban Gona joins CNBC Africa for more.</p>


This is what Nigeria must prioritise in order to grow its agricultural sector in 2020

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<p>Nigeria’s agricultural sector grew by 2.28 per cent year-on-year in the third quarter of the year. Meanwhile, in its Monetary Policy Communiqué, Central Bank of Nigeria (CBN) says gross credit to the Agric sector stood at N73.2 billion between the end of May and the end of October this year owing to the bank’s new loan-to-deposit ratio policy. Emmanuel Ijewere, Chairman of Best Foods Farms joins CNBC Africa for this conversation.</p>


Nigeria’s agricultural sector performance review


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="601" src="https://www.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-1110x601.png" alt="" class="wp-image-350844" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-1110x601.png 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-300x162.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-820x444.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-768x416.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-696x377.png 696w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-1068x578.png 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods-776x420.png 776w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Java-Foods.png 1290w" sizes="(max-width: 1110px) 100vw, 1110px" /></figure>



<p>By Mariam Yinusa and Edward Mabaya, Principal Economist and Manager, respectively, in the Agribusiness Development Division of the African Development Bank.</p>



<p>Monica Musonda, CEO of Zambian food processing company <a href="https://java-foods.com/">Java Foods</a>, certainly faced hurdles in her rise
to the top, but she overcame them. </p>



<p>“Although the barriers to entry for
women can be frustrating, they are often basic and relatively easy to resolve,”
she said, playing down her struggles. “My
climb up the agribusiness ladder has been challenging but definitely
worthwhile.” </p>



<p>Musonda, whose company produces
affordable and nutritious food snacks made from local ingredients, is one of just
a handful of female agripreneurs who have <a href="http://www.lionessesofafrica.com/blog/2017/5/14/monica-musonda-founder-of-java-foods-zambia-wins-the-african-agribusiness-entrepreneur-of-the-year-award-2017">successfully broken through the
proverbial glass ceiling in Africa’s agribusiness</a> industry. </p>



<p>Women are
the backbone of Africa’s agricultural sector. From farm to fork, African women
are players along the entire agricultural value chain, be it as farmers,
livestock breeders, processors, traders, workers, entrepreneurs or consumers. While
their influence on the continent’s growing agribusiness industry is undeniable,
more solutions are needed to address the gender-specific challenges they face to
boost their participation. </p>



<p>The average
African woman is a budding entrepreneur either by choice or by circumstance.
According to the &nbsp;<a href="https://www.gemconsortium.org/report/gem-20162017-womens-entrepreneurship-report">Global
Entrepreneurship Monitor Women’s Report 2016/17</a>,
the continent has the highest percentage of female entrepreneurs in the world,
with one in four women starting or managing a business. The agribusiness
industry is often the natural focus of this entrepreneurial drive. </p>



<p>Across the
continent, women dominate as primary processors post-harvest, as traders with
bustling market stalls, as owners of fast food restaurants and with
increasingly frequency as manufacturers of packaged ready-to-eat food products.
Yet despite this dynamism, female-led agribusinesses tend to remain small,
fragmented and informal in nature. They struggle to sustain and scale-up their
agribusinesses into well-organized profitable enterprises.</p>



<p>Admittedly,
the challenging business environment in many African countries including poor
infrastructure and unreliable legal and regulatory systems affects all business
activities of both men and women. However, in addition women-led businesses must
also grapple with a number of gender-specific constraints, inhibiting their
expansion into more lucrative market segments.</p>



<p>Firstly, African women often lack the
technical know-how. &nbsp;Despite the gains in
female education on the continent, highly productive agribusinesses require
specialized vocational and technical skills in fields such as food safety, food
conservation, packaging and product certification which many African women do
not readily possess.</p>



<p>Access to
finance is the most frequently cited obstacle by African SMEs. Women
entrepreneurs face multiple difficulties in securing funding mainly due to lack
of collateral in the form of land and other tangible assets and a high-risk
perception. According to the African Development Bank, an estimated $42 billion
financing gap exists for African women across business value chains, including
$15.6 billion in agriculture alone. Women are forced to rely on personal
savings and family loans which are rarely enough to fund their businesses to
scale.</p>



<p>Thirdly, socio-cultural barriers and
stereotypes persist. African women remain the primary caregivers in families
meaning that managing those responsibilities while growing a thriving business
can become a difficult balancing act.</p>



<p>Over the last two decades, many
governments and development institutions have rolled out programs to promote
access to finance, agricultural inputs and provide technical support and
business training to female agripreneurs. The African Development Bank recently
set up the <a href="https://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/afawa-affirmative-finance-action-for-women-in-africa">Affirmative Finance Action for Women
in Africa (AFAWA)</a>, a bold pan-African initiative to bridge the financing gap
facing women. It adopts a three-pronged approach centered on improving access
to finance, providing technical assistance and strengthening the enabling
environment.</p>



<p>It often
takes very little to make a difference. The capital injection required by the
majority of female led SME agribusinesses on the continent is typically less
than $50,000. And women have consistently proven to be more credit-worthy than
men, usually paying back loans within agreed timeframes. Successful solutions
by women for women such as microfinance and saving groups, peer-to-peer
training and information sharing should also be reinforced and taken to scale.</p>



<p>More of such initiatives are urgently
needed across the continent. Solutions must be based on in-depth engagement
with the women business owners themselves to properly understand their
frustrations and needs. Tailored programs designed to specifically address
these pain points are critical. The <a href="https://www.afdb.org/en/news-and-events/events/global-gender-summit-global-gender-summit">Global Gender Summit</a> is a timely opportunity to
drive this forward.</p>



<p>Women are central for Africa’s agricultural transformation to be successful, sustainable and inclusive. More African female agripreneurs must be supported to grow and progressively transition into the business segments of agricultural value chains which are most profitable. It has been proven time and time again that when African women thrive the entire society shares in those dividends.</p>


Java Foods

Op-Ed: Getting women in the driver’s seat of Africa’s agribusiness revolution


<p>By
Dr. Jennifer Blanke</p>



<div class="wp-block-image"><figure class="aligncenter is-resized"><img loading="lazy" decoding="async" src="https://www.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-683x1024.jpg" alt="In much of Africa, 60% or more of the working population is employed in agriculture. And yet agriculture only contributes about one quarter of Africa’s GDP, with the continent mainly producing and exporting raw products and importing significant amounts of processed food." class="wp-image-349733" width="574" height="861" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-683x1024.jpg 683w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-200x300.jpg 200w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-768x1152.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-696x1044.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-1068x1602.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-280x420.jpg 280w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB.jpg 1365w" sizes="(max-width: 574px) 100vw, 574px" /></figure></div>



<p>This week, business leaders, project developers, development finance professionals, institutional investors representing pension and sovereign wealth funds, as well as policymakers meet in Johannesburg for the second Africa Investment Forum convened by the African Development Bank. </p>



<p>The Forum is an innovative marketplace&nbsp;&#8211; dedicated to
moving development ideas and projects to bankability, to mobilizing capital,
and to accelerating the financial closure of deals that can improve the lives
of millions of people. Among other things, the Africa Investment Forum has the
potential to accelerate Africa’s agricultural transformation.</p>



<p>In much of Africa,
60% or more of the working population is employed in agriculture. And yet
agriculture only contributes about one quarter of Africa’s GDP, with the
continent mainly producing and exporting raw products and importing significant
amounts of processed food. The sector punches below its weight. And yet there
is huge potential for income and job creation if Africa can increase productivity
and move up the value chain to produce more, higher value-added, processed
food. </p>



<p>The bottom line is
that African agriculture must move from being a “way of life” to a resilient,
sustainable business sector that creates prosperity, jobs, as well as improves
incomes and livelihoods of rural people. The Africa Investment Forum convenes
players in the agriculture and agribusiness sector who come together to roll up
their sleeves and explore business and investment opportunities. The Forum’s concrete
“boardroom discussions” connect investment projects with investors. It brings
together entrepreneurs, project developers and investors interested in
agriculture to make deals. </p>



<p>Last year’s Africa Investment
Forum saw nearly 2,000 participants from 87 nations gather to discuss more than
$46 billion-worth of boardroom deals. One of the highlights was a transaction
involving Ghana Cocoa Board, designed to help Ghana’s cocoa sector – which
employs some 800,000 farm families, producing crops worth about $2 billion in
foreign exchange annually. The presence of Ghana’s Head of State, H.E. Nana
Akufo-Addo, in the boardroom session galvanized investor interest in a sector
so important for Ghana, one of the world’s top cocoa exporters. </p>



<p>This year, Ghana’s Cocoa Board
returns to the Forum to sign a Facility Agreement for a $600 million syndicated
receivables-backed term loan aimed at enhancing Ghana’s cocoa productivity. The investment deal – also involving Credit Suisse as well as
Industrial and Commercial Bank of China Limited &#8211; was born out of the Africa
Investment Forum.</p>



<p>This
year’s Forum will also see a focus on Special Agro-Industrial Processing Zones,
or SAPZs. There&nbsp; is often little
investment interest in Africa’s rural areas, due to a lack of transport, energy
and other critical infrastructure. SAPZs are a solution to connect rural areas
to regional and global supply chains, so that
they can produce higher value-added processed goods in areas of higher agricultural
productivity. SAPZs gather most or all the elements of an agricultural value
chain in one area: from farm to fork. Aside from attracting investment, SAPZs
are also important from a development perspective because that they help to
raise rural incomes and create job opportunities for Africa’s surging youth
population. </p>



<p>When
properly designed and well executed, SAPZs are powerful tools toward removing
barriers to access to technology, infrastructure and resources to Africa’s
industrialization. By increasing the transformation of products like cotton,
cashew nuts, cocoa and livestock, for example, SAPZs have the potential to
improve Africa’s overall trade balance. Many African countries have committed
to integrating SAPZs in their national development strategies – the Africa
Investment Forum will showcase SAPZ plans out of Benin, Chad, Ethiopia, Gabon,
Senegal, South Africa, and Togo.&nbsp;</p>



<p>The
Bank provides support to attract investors in the agro processing space via
fiscal, regulatory, and infrastructure incentives.&nbsp;To make the
concentrated, all-in-one-place SAPZ activity work smoothly, innovative
companies pursuing SAPZs in Africa need investors. </p>



<p>Investor
opportunity abounds, boosted by prospects of an integrated African market via the Continental Free Trade
Agreement (AfCFTA),
which promises to usher in the economies of
scale needed for SAPZ-produced
or processed goods to participate in strong
regional agriculture value chains catering to &nbsp;a population of more than a billion people with
a combined GDP of $3.4 trillion. This
can then provide a springboard to global markets. &nbsp;</p>



<p>We
see this vision for Ethiopia, a nation embracing the SAPZ concept with support
from African Development Bank and other partners, to promote the advancement of
Ethiopian crops like oilseed, wheat and maize, beef and dairy livestock and of
course, its world-famous coffee. With SAPZ projects launched in Ethiopia, the
impact is expected to translate into $1.5 billion in private sector investment
and the creation of 400,000 jobs – with 70% of them targeting youth. </p>



<p>We often hear the
clichés about ‘Africa Rising’ and Africa being the ‘new hot spot’ for
investment. Yet Africa has not suddenly appeared! It is home to more than half
of the world’s fertile, yet largely uncultivated, cropland. African agriculture
is a big business opportunity – by most estimates, the continent’s food and
agribusiness market will be worth one trillion US dollars by 2030. Yet this
requires investment.</p>



<p>Only $7 billion per
year is invested in Africa’s agriculture sector – that needs to rise to about
$45 billion per year to harness agriculture’s power and move Africa up the
value chain to create jobs and revenue. It is time to put investment money
where many mouths have been talking about Africa’s ‘Green Revolution,’ for
years. It is time to equip Africa with the financial tools to grow into the
reliable food production resource that feeds Africa as well as ensures that
Africa does its part to feed the world. It is time for Africa to move from an
aid paradigm to an investment paradigm &#8211; this is what we are doing this week at
the Africa Investment Forum, in Johannesburg, South Africa.</p>



<p><em>Dr. Jennifer Blanke is the
African Development Bank Group’s Vice President for Agriculture, Human and
Social Development.</em><em></em></p>


Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

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<p>Data from the National Bureau of Statistics (NBS) shows that Nigeria&#8217;s agricultural sector growth slowed to 1.79 per cent in the second quarter, compared to the 3.17 per cent growth recorded in the first quarter of this year. To discuss the performance of the agricultural sector and what areas Nigeria&#8217;s new minister of Agriculture should prioritise, Akin Laoye, Executive Director of FTN Cocoa Processors joins CNBC Africa for more.</p>


Akin Laoye on how Nigeria can fulfil its agricultural potential

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<p>The Federal Government of Nigeria needs to bring back the Directorate of Foods, Roads and Rural Infrastructure programme (DFRRI), as a means to revamp the country’s Agricultural sector. This is according to Akinola Olotu, Senior Special Adviser on Agric and Agribusiness to Nigeria’s Ondo State Government. On the sidelines of First Bank of Nigeria’s 2019 Agric Expo, he joins CNBC Africa’s Christy Cole for more.</p>


Why Nigeria must revamp its agricultural sector by and reintroduce DFRRI

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<p>In its bid to achieve the agriculture transformation goal, the ministry of agriculture and animal organises events. Agriculture show is an annual event where all players from the agriculture sector come together to showcase their products. CNBC Africa’s Zwena Bachoo filed this report.</p>


Improving competitiveness in Rwanda’s agricultural sector

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<p>Aerobotics and Agri SA have partnered up to offer a one-of-a-kind service to local farmers to spot farm irregularities quicker.</p>


Aerobotics, Agri SA launch free satellite data to grow agricultural sector

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<p>In 2018, United States Agency for International Development launched a 5 year project ‘Nguriza Nshore’ that loosely translates as &#8220;Lend so I may invest&#8221; to help small and medium firms in Rwanda raise the much needed capital as to scale their investment in the agricultural sector. CNBC Africa&#8217;s Michael Mugisha sat down with the U.S. Ambassador to Rwanda Peter Vrooman, for a better understanding of this project.</p>


U.S. Ambassador to Rwanda gives update on the ‘Nguriza Nshore’ project

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<p>South Africa is battling a foot and mouth disease with some SADC countries suspending export of red meat from South Africa. The local government has been having restricted communication about this unfolding matter with some cattle in Limpopo quarantined while further tests are being conducted. CNBC Africa is joined by Dawie Maree, Head of Information and Marketing for FNB Agriculture.</p>


Foot and mouth outbreak hurts SA exports

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<p>Rwanda’s agricultural sector accounts for 33 per cent of national GDP and the country has embarked on Rwf2.7 trillion agriculture development strategy. On the side-line of the Agriculture and Agribusiness CEO Forum CNBC Africa caught up with Clare Akamanzi, Rwanda Development Board&#8217;s Chief Executive for a look into the investor climate and opportunities that the sector presents.</p>


Agricultural sector

Nigeria’s agricultural sector remains resilient in the face of COVID-19 crisis

This is how green innovation can help build resilient food systems in Rwanda

SA’s agricultural sector remains resilient in the face of COVID-19

How to address the crisis of smuggling in Nigeria

How can African governments cushion the agricultural sector from COVID-19 shocks?

What you need to know about this Zambian agriculture business launching an $81 million farmer financing scheme

This is what Nigeria must prioritise in order to grow its agricultural sector in 2020

Nigeria’s agricultural sector performance review

Op-Ed: Getting women in the driver’s seat of Africa’s agribusiness revolution

Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

Akin Laoye on how Nigeria can fulfil its agricultural potential

Why Nigeria must revamp its agricultural sector by and reintroduce DFRRI

Improving competitiveness in Rwanda’s agricultural sector

Aerobotics, Agri SA launch free satellite data to grow agricultural sector

U.S. Ambassador to Rwanda gives update on the ‘Nguriza Nshore’ project

Foot and mouth outbreak hurts SA exports

Rwanda’s agricultural sector opportunities & challenges

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Agricultural sector

Nigeria’s agricultural sector remains resilient in the face of COVID-19 crisis

This is how green innovation can help build resilient food systems in Rwanda

SA’s agricultural sector remains resilient in the face of COVID-19

How to address the crisis of smuggling in Nigeria

How can African governments cushion the agricultural sector from COVID-19 shocks?

What you need to know about this Zambian agriculture business launching an $81 million farmer financing scheme

This is what Nigeria must prioritise in order to grow its agricultural sector in 2020

Nigeria’s agricultural sector performance review

Op-Ed: Getting women in the driver’s seat of Africa’s agribusiness revolution

Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

Akin Laoye on how Nigeria can fulfil its agricultural potential

Why Nigeria must revamp its agricultural sector by and reintroduce DFRRI

Improving competitiveness in Rwanda’s agricultural sector

Aerobotics, Agri SA launch free satellite data to grow agricultural sector

U.S. Ambassador to Rwanda gives update on the ‘Nguriza Nshore’ project

Foot and mouth outbreak hurts SA exports

Rwanda’s agricultural sector opportunities & challenges

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