Grow Africa tackles investments in private sector Permanent secretaries
The Malabo Declaration on Accelerated Agricultural Growth and Transformation for Shared Prosperity and Improved Livelihoods consists of 7 key commitments, one of which addresses the issue of enhancing finance investment in agriculture.
It was against this background that Grow Africa, together with the Comprehensive Africa Agriculture Development Program (CAADP) team of the NEPAD agency, participated in the third CAADP leadership retreat of permanent secretaries / director-generals, held from 19-21 September in Addis. Ababa, Ethiopia 2018. The team delivered a joint presentation on the mobilization of private investments in the agricultural transformation of Africa.
The retreat serves as an exchange and learning platform for the African Union member states when implementing the CAADP agenda. The retreat was attended by permanent secretaries and directors-general of the AU member states responsible for the implementation of the CAADP.
Also present were representatives of the regional economic communities, the African Union Commission, the NEPAD agency, the Food and Agriculture Organization of the United Nations and the Alliance for a Green Revolution in Africa (AGRA).
The Country Agribusiness Partnership Framework (CAP-F) – a CAADP country initiative and partnership tool designed to support the formation of partnerships for the agricultural sector with the aim of unlocking private investment – was shared with stakeholders. The CAP framework was well received and generated rich discussions on private sector involvement in the agricultural sector in Africa.
As CAP-F is a tool to help governments better coordinate their actions in order to create a favorable environment for private sector investment, the retreat provided an optimal platform to reflect Member States’ positions on CAP-F in particular. to use. strengthen the work of Grow Africa in the implementation of the framework in the future.
The permanent secretaries and director-generals showed great interest in the theme of private investment in African agriculture and emphasized various issues directly relevant to the work of Grow Africa.
The problems include the continuous and rigorous deployment of the international private sector; the inclusion of small farmers in the creation of multi-stakeholder platforms to ensure that they can also benefit from the development and strengthening of priority value chains. The added value of CAP-F in improving CAADP’s mutual liability with regard to including data on the agricultural sector in the CAADP biennial evaluation report was welcome.