Much progress has been made in recent decades, but Africa is still only scratching the surface of its potential in the agribusiness game. To shift the industry onto a new trajectory, a combined effort between policymakers, financial services firms and the industry itself will be needed. Financial services organisations should be considering how they can facilitate the sector’s growth by providing sustainable finance solutions across the entire value chain. Private-sector investments in areas such as logistics, renewable energy, warehousing and other storage facilities, agro-processing plants, and irrigation technologies will be crucial, as will public investments in road and rail infrastructure as well as ports. Access to markets is also an important focus area, and measures to tackle this issue will boost the entire agricultural value chain. As part of those efforts, Standard Bank is working with development finance institutions and export agencies to develop sustainable finance solutions specifically for the sector.
SOURCE: AFRICA.COM
More Stories
Kenya and Tanzania Scooped at least 20 Combined Awards in the Africa Category of World Travel Awards
Why this Moroccan Town is Perfect for the Libra Traveler
Famous Western Cape Region of Fynbos and Forests also Harbours a Scary Side
South African Airways Isn’t Flying to the UK Anytime Soon
Egypt Launches the First International Art Exhibition at the Great Pyramids of Giza
Giggs Kgole Pays Tribute to His African Ancestors in His First Solo London Exhibition
Try This Grape Tarragon Spritzer from Bryant Terry’s ‘Black Food’
Haile Gerima is Having a Hollywood Moment. It’s Left Him Conflicted
Pan-African Streetwear Label Finchitua Goes Intergalactic
See the Spectacular Design on Display at Lagos Design Week
Africa Looks for Developed World to Settle its Climate Change Debt
Africa’s Eastern Glaciers will Vanish in Two Decades