Small-scale farmers, account for a large portion of food produced in many parts of Africa. Investment should target them to increase the welfare of citizens, improve food security and drive the economic development.
One setback the smallholder farmer has suffered from time immemorial is financing.
The African Union, through a number of development blueprints, has tried to address funding as a major factor in the agribusiness transformation.
Through the Comprehensive African Agricultural Development Programme (CAADP), the Malabo and Maputo declarations, countries should allocate 10 per cent of their national budgets to agriculture towards a hunger- free continent to realise the AU Agenda 2063.
This is a good starting point, but other stakeholders, including donors, banks and other financial institutions must look at sustainable agribusiness not only as an invaluable venture, but also for its role in food security. Read more