“If we have to successfully move from Maputo to Malabo1, we need to focus on developing appropriate financing mechanisms to support industrialisation-led agriculture for the transformation of the continent,” said Dr Hamady Diop, Programme Manager of Natural Resources Governance at the NEPAD Agency.
The 12th CAADP PP sought to identify the capacity needs and the necessary partnerships at all levels to finance agricultural transformation and enable implementation of the Malabo Declaration for attaining sustainable agriculture growth.
At the meet, the importance of the CAADP PP and its role in collating collective and mutual responsibilities among partners was addressed. It was agreed that addressing food security and agricultural development requires significant levels of public investment as well as significant private sector participation.
“As African smallholders start to produce food for the global market, there is need for greater investment to meet the needs of this shift,” Dr Diop said.
It was hence concluded that Africa can only make things happen if the continent collectively innovates and creates fit for purpose instruments for finance and risk management that speak to its unique requirements.
In her concluding remarks, youth representative Nkiruka Nnaemego called for more inclusive credit instruments for young farmers to contribute more along the agricultural value chain.
The meeting brought together close to 400 participants weincludingre Dr Ahmed Yakubu Alhassan, Deputy Minister of Food and Agriculture Philip Kiriro, President of East African Farmers representing the President of Pan African Farmers’ Organisation (PAFO).
Christoph Rauh Deputy Director of BMZ in Sub-Sahara Africa and Chair of the CAADP Development Partner Coordination Group (DPCG) as well as Dr Ibrahim Mayaki CEO of the NEPAD Agency and Tumusiime Rhoda Commissioner of the Department of Rural Economy and Agriculture of the AUC.
In closing, the meeting reaffirmed the indisputable role that agriculture has in leading Africa’s development and serving as a catalyst in meeting the socio-economic needs of youth and women on the continent.