RICE MARKET FACTSHEETS - WEST AFRICA PARTNERING FOR … · Investment opportunities in industrial...

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GROW AFRICA BRIEFING PAPER RICE MARKET FACTSHEETS - WEST AFRICA SENEGAL GROW AFRICA INVESTMENT FORUM 2016 PARTNERING FOR ACTION

Transcript of RICE MARKET FACTSHEETS - WEST AFRICA PARTNERING FOR … · Investment opportunities in industrial...

GROW AFRICA BRIEFING PAPER

RICE MARKET FACTSHEETS - WEST AFRICA

SENEGAL

GROW AFRICAINVESTMENT FORUM 2016

PARTNERING FOR ACTION

FOREWORD

The Grow Africa Investment Forum 2016 took place at a milestone moment for Grow Africa, as thepartnership’s Secretariat transitioned from the World Economic Forum to the NEPAD Agency headquarters in South Africa, providing Grow Africa with a stronger regional presence on which to build on the achievements to date. Grow Africa has proven itself a unique model for forging the connections between the public and private-sectors needed to support the growth of the agriculture sector and unlock investment opportunities.

Grow Africa partners, many of whom convened at the Investment Forum, have collectively implementedover $2.3 billion in private-sector investments, benefiting over 10 million smallholder farmers and creating over 88,000 jobs. However, we are still not achieving the scale of public and private sector investment needed to accelerate agricultural transformation and increase agricultural GDP to achieve the sector’s potential in job creation and improved rural incomes. Against a backdrop of decreasing global demand for many of the commodities on which African economies have relied, the continent needs a strong and growing agricultural sector to balance its income portfolio, ensure food security and jobs, and provide hope and opportunities for rural youth to protect against radicalization.

Urbanization is a threat to rural communities as it lures youth away from the countryside. However, it also creates a rapidly growing urban food market opportunity We must seize that opportunity, with productivity increases in staple food crops that allow farmers to feed their families and have excess to sell, and with investments in agroprocessing infrastructure to enable African agribusinesses to capture a higher share of added value.

As I take up the reins as Executive Director, my immediate priority will be to review our strategy toensure we support the private sector and government in delivering on this opportunity. The key to achieving this is better collaboration between public and private sectors on joint investment plans. Companies that took part in our annual reporting on investment progress have voiced their frustrationwith many aspects of the enabling environment, particularly policy. Ministries often struggle to find asuitable model for engaging with the private sector as a collective body.

The 250 African and global leaders who gathered in Kigali, Rwanda, from 10 - 11 May 2016 for the Investment Forum addressed many of these challenges through action focused discussions characterized by high energy, interactivity and optimism and, importantly, tangible outcomes. The calls to action emerging from this year’s Investment Forum constitute a significant body of work to be addressed in the coming months by Grow Africa and its partners, and provide direct input into theSecretariat’s three year strategy. I would like to express my sincere thanks to all the participants for coming together to drive forwardAfrica’s agricultural transformation agenda through partnership. William AsikoExecutive Director, Grow Africa

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OVERVIEW

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10 CALLS TO ACTION Grow Africa Investment Forum participants defined the following specific action recommendations during their discussions:

Foster structured frameworks for regular public -private cooperation in agriculture

Develop a regional model for lease financing to enable mechanization; Planned action by Grow Africa Secretariat: develop a strong concept and model to pilot.

Address bottlenecks in seed availability for bean and pulse varieties to meet growing demand; Planned action by Grow Africa Secretariat: identify governments and private -sector partners willing to champion pilot approach to accelerated seed registration.

Scale up production and processing of cassava through targeted financing and public- private partnership; Planned action by Grow Africa Secretariat: support launch of African Development Bank (AfDB) cassava fund by early 2017; continue supporting national cassava platforms with the Sustainable Trade Initiative (IDH).

Strengthen the regional rice value chain in West Africa, and investment therein, by creatingstrong, national rice platforms; Planned action by Grow Africa Secretariat: develop work-plan and timeframe to support creation of national and regional platforms.

Attract investment in East African potato value chain opportunities through a regional potatoconsortium co led by the Alliance for a Green Revolution in Africa (AGRA) and Grow Africa; Planned action by Grow Africa Secretariat: formalize regional potato consortium and establish focused “clusters” of working groups on key opportunities and issues.

Deliver on the potential of youth in agriculture through widespread, comprehensive capacity building programmes addressing business and entrepreneurship skills.

Address deficit of robust, credible data to enable data driven agricultural development.

Prioritize nutrition through establishment of African leaders’ network for nutrition.

Introduce rigorous measurement and evaluation of impact across groups in partnerships.

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The two day Grow Africa Investment Forum focused on affirming the leadership vision for African agriculture through country specific investment opportunities and accelerating investment into specific value chains where tangible opportunities have been identified and progressed. Leaders reaffirmed their commitment to continuing development of the agriculture sector in an inclusive manner, and the central role of both public and private investment in achieving this. Four interactive value chain sessions were held on cassava,

rice, potato and seed, followed by four best practice and innovation sessions, seeking to generate greater levels of innovation to address shared challenges and bottlenecks that hinder agricultural development and investment. Country specific investment opportunities were shared with investors through sessions dedicated to presentations by ministerial delegations from Rwanda, Ethiopia, Burkina Faso, Tanzania, Nigeria, Kenya and Senegal.

Agriculture is the key to the transformation of Africa.

- Uhuru Kenyatta President, Kenya

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DRIVING THE LEADERSHIP AGENDA

Leaders from public and private sectors, including farmer organizations, came together in the openingand closing plenary discussions to exchange insights on progress to date, future priorities and keychallenges.

Strong, visionary leadership was called for to deliver against the priorities and opportunities discussedby participants. Agnes Kalibata , President of the Alliance for a Green Revolution in Africa (AGRA),Gerardine Mukeshimana , Rwanda’s Minister for Agriculture and Animal Resources, and KanayoNwanze, President of the International Fund for Agricultural Development (IFAD), all emphasized theinvaluable role of visionary leadership that gives priority to agriculture to ensure delivery againstcommitments.

Winnie Byanyima , Executive Director of Oxfam International, also shared the experience of thesuccessful partnership model employed in the Roundtable on Sustainable Palm Oil. The opportunity to support and encourage further investment through effective policy was emphasized by ErastusMwencha , Deputy Chair of the African Union Commission. He noted that success in agriculturaltransformation has always been underpinned by the introduction and implementation of robust policies inkey areas, such as value addition.

Demonstrating such leadership and prioritization of agriculture, heads of state and government leaders were vocal in their commitment to leading the agricultural transformation agenda. Prime Minister Hailemariam Dessalegn of Ethiopia emphasized: “There is a huge need for partnership, but the critical issue is the country has to own it and the leadership has to own it.” Leaders recognized the transformational potential of the sector both at national and regional level, with President Uhuru Kenyatta of Kenya referring to agriculture as “the key to the transformation of Africa”, and Akinwumi Adesina, President of the African Development Bank (AfDB), telling participants that “Africa should become a global powerhouse in food and agriculture”. Beth Dunford , Assistant to the Administrator, US Bureau for Food Security, described the regional leadership demonstrated in food security as “truly inspiring”.

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There is huge need for partnership, but the critical issue is the country has to own it and the leadership has to own it.

- Hailemariam Dessalegn Prime Minister, Ethiopia

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DRIVING THE LEADERSHIP AGENDA

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Agricultural transformation is a long-term issue, and within that, partnership will be critical.

- Ibrahim Assane Mayaki CEO, NEPAD Agency

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Ibrahim Assane Mayaki , CEO of the NEPAD Agency, and Commissioner Tumusiime Rhoda Peace of the African Union reflected on the progress made in mobilizing the private sector to work in alignment with farmers and governments. They shared their appreciation for Grow Africa’s convening role in bringing the private sector to the table to drive delivery on agricultural investment and development commitments. Sarita Nayyar , Managing Director of the World Economic Forum, highlighted the achievements of GrowAfrica in mobilizing over $2.3 billion in investment and engaging over 10 million smallholder farmers, while creating 88,000 jobs. As Emmanuel Ijewere, CEO of BestFoods in Nigeria, observed: “Agricultureis no longer just a means to reduce poverty.” Nayyar also noted Grow Africa’s role in inspiring similarpartnership -based approaches elsewhere, most notably Grow Asia. Examples of progress at the national level were shared by government leaders, including the issuanceof title deeds to all farmers in Rwanda highlighted by Claver Gatete , Rwanda’s Minister of Finance, andan ongoing process to achieve the same in Kenya, where women have also now been accorded legalrights to inherit and own land.

The importance of clear land rights in the sustainable development of the agriculture sector was further emphasized by Liliane Ploumen, Minister for Foreign Trade and Development Cooperation of the Netherlands. Partnership continues to be a core success factor in agricultural development and was stressed by allparticipants in addressing the opportunities that the region’s agriculture sector represents. Mark Bowman , Africa Managing Director for SABMiller, discussed the transformative role of the private sector, particularly in providing guaranteed markets and finance, as well as exciting sourcing opportunities for local materials – including sorghum, cassava, and maize – through partnerships with small-scale farmers. Sharing an example of a successful model for inclusive investment, Samia Suluhu Hassan , Vice- President of Tanzania, spoke of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) partnership, where by 50,000 smallholder farmers have transformed their production through inclusive investment. Future priorities were identified, with finance, infrastructure investment, structured public -privateengagement and improved data on the impact of multistakeholder partnerships to the fore.

DRIVING THE LEADERSHIP AGENDA

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Heads of state stressed the need to improve access to affordable finance, as well as public investment ininfrastructure, particularly irrigation. Speakers in the closing plenary shared the experiences of otherregions, including the Asian green revolution, described by Hiroshi Kato , Vice -President of the Japan International Cooperation Agency. Access to finance as a central issue was further emphasized by SME representative Nike Tinubu , M anaging Director of Eagleson & Nito Concepts, and Berry Marttin , Member of the Executive Board at Rabobank. Marttin noted that strengthening value chains is an important means to reducing the risk in financing agriculture and thereby improving access to finance. Willy Bett , Kenya’s Cabinet Secretary for Agriculture, brought to the fore the importance of partnership and platforms such as Grow Africa in helping achieve convergence between public and private sector objectives, calling for “a structured engagement between government and the private sector”.

Stephen Muchiri , CEO of the East Africa Farmers’ Federation, called for improved measurement of impact on smallholder farmers within multistakeholder partnerships to ensure that all partners within a partnership experience the benefits. This theme was elaborated on by Ishmael Sunga, C EO of the Southern African Confederation of Agricultural Unions (SACAU), who further stressed the need to improve benefits to smallholder farmers and reduce the risk they carry in partnerships.

- Akinwumi Adesina President, African Development Bank

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Africa should become a global powerhouse in food and agriculture. To do that we need to change our

perspective on agriculture. Agriculture is a business.

PROGRESSING INCLUSIVE VALUE CHAINS

Four value chain sessions were held to make progress on existing regional value chain activities in rice,cassava and potato, as well as exploring bottlenecks and their solutions in bean and pulse seed valuechains. Investment opportunities in industrial cassava value chains

The Sustainable Trade Initiative (IDH) and Grow Africa convened partners working in the cassava valuechain to discuss investment opportunities in cassava processing identified in a recently completedpipeline study, and to seek commitments to finance the development of these opportunities. This studybuilt on a previous cassava market opportunity study and the progress made by three national platformsin Mozambique, Ghana and Nigeria since 2014.

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• By capturing opportunities in commercial cassava, over 200,000 smallholders can be brought into the supply chain and $275 million will be saved in imports

• Africa Cassava Industrialization Facility (ACIF) will offer working capital and long term debt to primary processors with a credit guarantee mechanism

• The African Development Bank (AfDB) will set up an initial debt facility of about $50 million

• A market snapshot of the three initial countries indicates an initial pipeline of more than $50 million in immediate financing

National cassava platforms in Mozambique, Ghana and Nigeria committed to actively supporting theimplementation of its recommendations. End buyers also welcomed the study’s findings, emphasizingtheir growing demand for processed cassava products and highlighting the critical importance ofproviding technical assistance to cassava farmers to improve farmer incomes and increasing production.Significantly, the AfDB committed to establish credit lines for both cassava processing and for technicalassistance in the three focus countries. The credit lines will be made available through local banks andimplemented in close coordination with Grow Africa and IDH, as well as the national cassava platforms.Based on the success and learnings of the fund in the three initial target countries, the AfDB hopes tosubsequently broaden the initiative to include more countries and reach more farmers.

Grow Africa will work with IDH and the AfDB to finalize the credit facility in the coming months, with aview to launching in early 2017 at the latest.

Cassava pipeline presentation highlights

Agriculture is no longer just a means to reduce poverty.

- Emmanuel Ijewere CEO, BestFoods Nigeria

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PROGRESSING INCLUSIVE VALUE CHAINS

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Building a viable regional market for potato in East Africa

Following the establishment of a regional potato platform in East Africa in 2015, Grow Africa, UPL and AGRA conducted a regional study to understand the gaps and investment opportunities in the regionalpotato value chain. The findings of the study were presented with the goal of securing feedback on the identified investment opportunities, as well as best practice in addressing the bottlenecks that impede investment in this sector. Three discussion groups focused on different elements of the value chain: inputs, infrastructure and processing. The session also saw an update on the potato platform, which has evolved into a regional consortium led by AGRA and Grow Africa, with active participation of implementing partners across the value chain. The importance of all potato consortium stakeholders continuing to act collectively – and with government support – was agreed to achieve coordinated and meaningful action to deliver on the sector’s significant potential. Based on participants’ support for the potato consortium and informed by the market study, Grow Africa and AGRA agreed to continue to champion the consortium led approach, initially by finalizing theregional market analysis and subsequently hosting a validation workshop to convene implementing partners. This workshop will prioritize the outcomes of the potato session and the market study and agree on related actions. These actions will be driven through the establishment of a consortium secretariat and the creation of targeted, issue specific “clusters” of implementing partners.

• Potential market of nearly $500 million for inputs if farmers’ incomes can be assured and production risks reduced

• Inadequate storage leads to vast post-harvest losses, exceeding 33% of production. Reducing these losses to 15% represents a $200 million a year opportunity in EAC

• Regional potato sub sector needs about $1 billion of financing annually and has the ability to more than double net farmer incomes in Kenya, Rwanda and Uganda

• Estimated market opportunity in potato processing can reach between $400 million and $1.2 billion by 2025

Regional potato market study highlights

There has to be a structured engagement between government and the private sector.

- Willy Bett Cabinet Secretary for Agriculture, Kenya

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VALUE CHAIN SESSIONS

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Unlocking private-sector investments within the rice value chain

Vibrant West Africa focused discussions on the rice value chain built on the past year’s work by Grow Africa partners to realize the high potential for regional rice production by focusing on the role of national rice platforms in improving value chain coordination. Targeted discussion groups addressed three key aspects of regional rice production: policy, infrastructure and business models.

Learnings were taken from the experience of the Tanzania Rice Council, whose vice chair advocated forpolicy focused national platforms to support policy to enable access to seed, improved infrastructure andimplementation of regional free trade agreements. Participants agreed that value chain platforms areneeded to support both the development and the implementation of relevant policies, to prioritizeinfrastructure investments collaboratively between the public and private sectors, to share best practice for public -private partnership, and to coordinate stakeholder engagement. Participants called for Grow Africa to help drive the implementation of effective national rice platforms across rice producing countries in both West and East Africa, as well as regional level platforms to promote regional trade policy, harmonization of regulation, land reform and alternative financing approaches. These platforms would also have a role in creating demand for domestic rice varieties through effective marketing and consumer education. A taskforce focused on rice milling was also proposed to enable engagement on issues that affect investment levels in this part of the value chain.

Grow Africa will progress this call to action by convening representatives of existing rice platforms in the coming months to determine areas of alignment and gaps in existing platforms. The outcomes of thisreview and discussions will determine a work plan and timeframe for the establishment of national andregional rice platforms.

VALUE CHAIN SESSIONS

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Enabling access to quality seed in East & Southern Africa

Stakeholders convened to explore improving access toseed for bean and pulse varieties in this session. Theobjective was to identify areas where Grow Africa cancatalyse meaningful action that would support and alignwith existing activities to improve seed access.

Discussions led by the private sector highlighted the vast gap between market demand and current supply for beans and pulses. An example was shared of aUganda based buyer who needs 50,000 million tonnes of soya yet is only able to access 15,000 milliontonnes, significantly limiting the company’s ability to grow. The primary issue impeding supply of beansand pulses (including soya) was identified as a lack of quality seed for these varieties. This issue largelyreflects the lack of investment in the development of bean and pulse seeds due to insufficient incentivesand perceived lack of profitability. Related bottlenecks include: weak infrastructure to transport qualityseed across the region; slow implementation of harmonized policies; cumbersome testing andcertification procedures; limited investment in R&D; and challenges in balancing the benefits and costsof subsidy programmes.

Representatives from development partners and civil society shared learnings from the seed sector andexamples of their activities, and government participants emphasized the importance of regulargovernment engagement on these issues to achieve progress. Notable progress was made in thelaunch of a regional seed catalogue by ACTESA and FoodTrade East and Southern Africa in 2015 tofacilitate documentation and the regional movement of seed varieties.

Grow Africa was requested to support development of expedited processes for soya bean and pulseseed trials in target countries, seeking to replicate the Ethiopian example of streamlining multiple seedtrials into one year. Grow Africa will hold conversations with national governments and regional economic communities to identify potential governments willing to champion this approach on a pilot basis. Grow Africa will also work to establish a platform to engage the private sector actively in this work.

BEST PRACTICE AND INNOVATION SESSIONS

Participants convened to share best practice and generate innovative solutions to cross cuttingchallenges across the region’s agriculture sector. Engaging smallholders, improving profitability of smallholder production

A common observation across sessions was that partnership approaches to agricultural developmentare not yet yielding transformative benefits to all parties and it is most frequently smallholder farmerswho experience the fewest benefits. Speaking in the closing plenary discussion, Ishmael Sunga, CEOof the Southern Africa Confederation of Agricultural Unions (SACAU), noted that smallholders oftencarry the highest risk and yet experience the lowest returns. He posed the question: “How do we getpartnerships to change that?” Similarly, Stephen Muchiri, CEO of the Eastern Africa Farmers Federation, challenged the extent to which partnerships see smallholder farmers as participants rather than recipients. Challenges to effective inclusion of smallholders in agricultural value chains were addressed byshowcasing best practice through successfulpartnerships with smallholders focused on four areas:information and communication technology (ICT);gender differentiated approaches; aggregation; andpublic- private partnerships.

Success factors discussed included identification ofchampions from different sectors who have ownership of the partnership and are influential within theirown sectors; creating trust and a shared vision that prioritizes the smallholder; and strong governance.With respect to gender differentiated strategies, it was acknowledged that smallholder engagement strategies focused solely on women are not as effective as more

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inclusive strategies. Challenges that are specific to women farmers do, however, need to be addressed and partnerships are needed to achieve this – for example, in inheritance and land ownership. The work of the Grow Africa Smallholder Working Group will continue and in assuming the role ofco chair of this group, Sean de Cleene (Chief Strategy and Partnerships Officer, AGRA) invited activeengagement in the group to maintain the energy and momentum in addressing critical issues andopportunities for smallholder engagement. The Working Group’s papers on the four topics addressed inthe Grow Africa Investment Forum session are available here on the Grow Africa website.

The leadership that we’re seeing across Africa in food security is truly inspiring.

- Beth Dunford Assistant to the Administrator at the US Bureau for Food Security

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MASTERCLASSES - COUNTRY PARTNERSHIPS AND LAND USE

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Masterclass: Country Partnerships and Land Use Two masterclasses offered deep insight and case study based lessons in two key areas for agricultural investment and development: effective country partnerships, and land use, led by the World Economic Forum’s New Vision for Agriculture team and Landesa Rural Development Institute, respectively.

Effective Country Partnerships Based on many years of facilitating public-private cooperation in the agriculture sector, a practical guide to designing, implementing and scaling effective multistakeholder platforms at country level has been developed by the World Economic Forum’s New Vision for Agriculture initiative. The session presented guiding principles for mobilizing country -led, multistakeholder, market-based partnerships at the national level. It addressed issues such as how to activate public and private sector championship for national partnerships, how to develop work plans and mobilize collaborative action, and how to structure and resource a partnership. Accountability and ownership were identified as key success factors and concrete solutions were suggested to the challenges of securing, and then maintaining, alignment and engagement in the partnership.

Masterclass: Addressing land access, human rights, and business risk The Landesa led masterclass addressed the challenges for investors in securing land rights, including the reputational and operational risks emerging from a lack of clarity on land rights. Landesa shared practical guidance, based on specific investment case studies, and participants identified success factors, including the importance of legal clarity and developing a robust social licence to operate through effective, two -way engagement with local stakeholders. Continuous engagement with local communities emerged as a high priority for effective mitigation against risks emerging from perceived or real disenfranchisement of local communities.

We have everything that it takes to produce enough food. So what’s our problem? Visionary leadership. Committed, convinced

leadership. Frankly speaking,we’ve talked too much.

- Kanayo Nwanze President, International Fund for Agricultural Development

(IFAD)

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BEST PRACTICE AND INNOVATION SESSIONS

Access to finance, approaches to lease financing

Access to finance continues to be a significant challenge for agricultural value chain players across the region. The cassava value chain session concluded with the establishment of a dedicated credit facility for processing and technical assistance, while the potato value chain consortium plans to develop a case for financing to realize the potential for potato production and processing in East Africa.

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Partners convened to build support and alignment for development of a multi country concept to expandaccess to lease financing for mechanization. Lease financing helps to address critical mechanizationgaps in regional agricultural value chains and, in so doing, to fuel economic growth.

Innovative leasing companies shared their approaches and the opportunities they have observed in theirmarkets. The International Finance Corporation (IFC) shared conclusions of a recent policy review inRwanda, highlighting policies that are required to enable lease financing for mechanization.

A call to action was made for Grow Africa to further develop a lease financing model that createslinkages between public sector investment, policy, the private sector and lease finance providers. Thiswill be developed with the support and input of the Grow Africa Finance Working Group and available tointerested countries to pilot. Grow Africa will pursue the development of a strong concept and model withthe objective of securing development finance support for its implementation.

Enabling policy highlights for lease financing

• Clarify rights and responsibilities of parties to a lease arrangement

• Harmonize existing legislation to remove potential contradictions

• Ensure lessor’s ownership over assets is clearly stipulated with simple, effective and timely non judicial procedures for repossession

• Provide for only the necessary level of leasing industry supervision

• Be flexible enough to support a range of diversified and innovative products

• Ensure tax regime is applied equally to all market participants

• Allow for maintenance of a central registry for all leased assets

If you make sure that every piece of the value chain is strong, then actually financing is not that risky.

- Berry Marttin Member of the Executive Board, Rabobank

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BEST PRACTICE AND INNOVATION SESSIONS

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Incentivising youth participation in agriculture

Participants discussed the challenges and the importance of attracting young talent into the agriculture sector, acknowledging the negative perceptions that much of the continent’s youth hold about the sector. Attracting talent requires urgent transformation of those perceptions.

The Tony Elumelu Foundation brought new vigour to this conversation by presenting its landmarkresearch, informed by the experience of its young agricultural entrepreneurs participating in the TonyElumelu Entrepreneurship Programme. A dynamic discussion focused on access to training and mentorship, and access to supply chains to achieve scale and grow.

Participants agreed that innovative new partnership models are needed to address the myriad challenges to young entrepreneurs in the agriculture sector. Training needs to be made more relevant, and more available, equipping youth with business and entrepreneurial skills that allow them to pursue a career in farming as a commercial venture. Partnerships are also required to better facilitate access for entrepreneurs in agricultural SMEs to supply chains.

To what extent is ‘inclusive’ inclusive? To what extent are we seen as participants or recipients?

- Stephen MuchiriCEO, Eastern Africa Farmers Federation

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NATIONAL INVESTMENT OPPORTUNITIES

Seven ministerial delegations presented recent investment opportunities in their countries.

Burkina Faso

Bintou Diallo , Director of the Agency for Investment Promotion, presented investment opportunitieswithin the agribusiness zones, known as Growth Poles, in Burkina Faso. Investment opportunities wereshared in the following areas:

R&D for seed, processing infrastructure, and in the fruit and vegetables, rice and potato value chains in the Bagré Pôle.

Rice and maize production for domestic markets, fruit and vegetables, shea butter and sesame, forboth domestic and export markets in the more recently established Souroupôle and Samendeniegrowth poles.

For more details, visit the Burkina Faso country page on the Grow Africa website.

Ethiopia

Mirafe Gebriel Marcos , Chief of Staff and Senior Director at the Agricultural Transformation Agency(ATA), presented the following five investment opportunities in Ethiopia:

Integrated cattle feed yard and abattoir within an existing business, Verde Beef – The Ethiopiangovernment has introduced incentives, including subsidized land leasing, policy incentives and taxexemptions to attract investment in this sector.

UHT processing plant for long life milk production, with a total of $11 million sought to establish thelargest dairy processor in Ethiopia.

Large scale poultry processing plant to produce chicken, meat and eggs for the domestic market,with an opportunity to participate as a debt partner alongside an experienced regional poultryprocessor.

$1.2 million investment in the animal feed and livestock sector to complete and expand a soya beanmeal processing factory, with annual capacity to produce at least 5,210 tonnes of soya bean mealcakes and 860,000 litres of soya oil.

$1.5 million - $4 million investment in a greenfield project to develop a tomato processing plant –Demand for tomato concentrate is growing in Ethiopia, with further potential to supply exportmarkets in Europe and the Middle East.

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For more details, visit the Ethiopia country page on the Grow Africa website.

Kenya Moses Ikiara , CEO of the Kenyan Investment Authority, presented six investment opportunities in theKenyan agriculture sector:

Makueni Fruit Processing Hub investment to supply domestic, regional and international marketswith processed mangoes and passion fruit, produced primarily by smallholder farmers who havebeen trained in quality management and given aggregation support.

Mombasa Food Hub investment to provide logistics, infrastructure and services for traders andprocessors at regional level. Mombasa’s strategic location has the potential to reach a regionalmarket worth $2.5 billion in processed food.

Cold -chain storage to reduce post harvest losses, particularly for meat, dairy and horticulturalproduce.

Processing of pyrethrin insecticides and pesticides, for which there is a growing domestic andregional market. Investment is also sought in the provision of pyrethrum seeds. The Kenyagovernment is supporting this sub sector significantly in an effort to regain its position as the world’sbiggest exporter of pyrethrum.

Beef and leather processing to meet growing regional demand for both meat and leather products.

Production and consolidation of beans and pulses, with the support of the East Africa GrainCouncil. Under the Supporting India Trade and Investments with Africa (SITA) programme, Kenyanfarmers are offered financial and technical support, as well as a reduction of tariff barriers over athree year period. An export market in beans and pulses from East Africa to India is growing significantly.

Nigeria

Irede Ajala , Special Adviser, Investment Promotion and Agribusiness within Nigeria’s Ministry ofAgriculture, presented five investment opportunities in Africa’s most populous country:

Rice production and milling investment of $45 million to cultivate 15,000ha of rice, with the end goalbeing 60,000ha to enable self -sufficiency. Rice production opportunities focus on the country’smiddle belt because of the Niger River and the high levels of rainfall.

Warehousing and storage infrastructure, particularly for sorghum, maize, cassava and soya bean.

Cocoa production and processing for export markets, with a focus on improved quality production,with nucleus plantations growing new varieties, as well as diversification in processed cocoaproducts, such as high quality cocoa butter and chocolate.

Milk production, where there is a supply gap of 631,000 million tonnes a year.

Seed multiplication, imports of crop protection products, storage and processing facilities for maizeand soya bean. Nigeria is the region’s largest soya bean producer yet still imports about 200,000million tonnes annually. The nation is also a major maize producer yet still has a shortfall in meetingdomestic demand.

For more details, visit the Nigeria country page on the Grow Africa website.

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For more details, visit the Kenya country page on the Grow Africa website.

NATIONAL INVESTMENT OPPORTUNITIES

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Rwanda

Gerardine Mukeshimana , Minister of Agriculture and Animal Resources, led the presentation of sixinvestment opportunities in Rwanda:

A public- private partnership to develop the Kigali Wholesale Market for Fresh Produce (KWSMFP)to help meet the rapidly growing urban demand for fruit and vegetables – The government isseeking a partner to construct and manage the KWSMFP, for which an initial feasibility plan andinfrastructure design are available. The total project cost is estimated at $31 million, with aninvestment payback period of seven years.

Biodegradable packaging materials – Given the ban on polythene bags, Rwanda imported over$120 million in packaging materials between 2008 and 2013. Additionally, regional East African demand is estimated to reach 1 million tonnes a year by 2020. Government incentives include free initial visas, assistance with land acquisition and concessions, and a waiver of import duties and VAT on certain items.

Horticulture for export oriented production, specifically 10 irrigated sites covering over 4,900ha of land – All the sites are within 100km of Kigali International Airport and benefit from lower than average leases. A modern warehouse, four regional collection centres and modern airport facilities have been developed in Kigali. Incentives include duty-free import of machinery and agricultural inputs, and concessional financing support through the Export Growth Facility.

Production of chicks, eggs and other poultry products to meet growing, significantly unmet domestic demand – It is estimated that Rwanda will need to multiply its poultry production by a factor of 20 to meet average African consumption levels. Investors are also positioned to serve the Eastern DRC market, which imports much of its meat from Rwanda.

Pork and pork products, in line with the growing demand for meat products – Kigali pork consumption has grown rapidly and demand is currently partly served by imports.

Production of grains and tubers on developed, terraced land – Approximately 93,000ha have been developed under radical terraces and a further 900,000ha under progressive terraces. This landholds potential for growing a variety of food crops, particularly in grains and tubers for both localconsumption and for export.

For more details, visit the Rwanda country page on the Grow Africa website.

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NATIONAL INVESTMENT OPPORTUNITIES

For agricultural productivity, the most important thing is that farmers must own land.

- Claver Gatete Minister of Finance, Rwanda

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Senegal

Mamadou Ba , Director, Business Environment Agency for the Promotion of Investments (APIX), presented opportunities in five value chains in Senegal’s agriculture sector:

Maritime fishing and aquaculture, with particular opportunities in value addition for fish productsdestined for domestic, regional, and international markets – 75% of fish exports from Senegal arecurrently in the form of unprocessed frozen fish. The government has introduced incentives toinvest in the modernization and opportunities for value-addition in fish value chains. These includefiscal incentives and support services for investors.

Onion production, particularly of new, better performing varieties; processing of onion products; andstorage and transport – Senegal’s onion sector remains dependent on imports, despite growth inlocal production The government is seeking to boost production through a series of measuresincluding a freeze on onion imports during the production season.

Production and processing of poultry products, and milk products, to meet rapidly growing demand– Local demand for milk is largely met by imports of powdered milk. The government hasintroduced investment incentives for these value chains including fiscal incentives, access tofinance, new road and transport infrastructure, and investor support services.

Rice production, milling and processing – While rice production has increased in recent years, the country remains heavily dependent on imports and is seeking investment to develop small rice paddy- production units and rice milling and processing. As a high priority value chain for food security, the government offers investors a range of incentives.

Production of cherry tomatoes for export to European markets and industrial processing for tomatoconcentrate for the local market, which is currently dependent on imports.

For more details, visit the Senegal country page on the Grow Africa website.

Tanzania

Jennifer Baarn , Deputy CEO of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT)Centre, presented investment opportunities in the Ihemi Cluster located within the SAGCOT region inthe Southern Highlands of Tanzania. The Ihemi Cluster is strategically located to reach both domesticand regional markets, primarily in the DRC, Malawi, Zambia and Mozambique. Established infrastructureincludes access to the national grid, railroads and tarmac roads.

Soya production (with outgrowers), procurement, storage infrastructure and value addition in thedevelopment of soya products.

Mechanization for potato production (working with smallholders), potato storage infrastructure andvalue addition in the development of potato products.

For more details, visit the Tanzania country page on the Grow Africa website.

NATIONAL INVESTMENT OPPORTUNITIES

Selected Grow Africa Media Coverage

Leaders recommit to transforming African agriculture as investments rise above $2.3 billion African farmers to gain from $2 billion investment in cold storage facilities project Rockefeller Foundation to provide up to $1 million in grants for global innovations to enhance cassava shelf life.

Webcast

World Economic Forum on Africa Rethinking Agriculture panel discussion

Read more about Grow Africa’s work in our 2014 -2015 joint Annual Progress Report with the New Alliance for Food Security and Nutrition.

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The Swiss Agency for Development and Cooperation (SDC) provides generous support to Grow Africa’s work on smallholder farmers’ engagement.

The work of Grow Africa is funded by UK Aid from the British people.

The work of Grow Africa is made possible by the generous support of the American people through the United States Agency for International Development (USAID).

Grow Africa gratefully acknowledges the support of the development partners listed below.

SESSION SPEAKERS

Abimbola Adebakin , Chief Operating Officer, The Tony Elumelu Foundation, NigeriaAkinwumi Adesina , President, African Development Bank, Côte d’IvoireKodwo Ahilijah , Chief Executive Officer, Ghana Industrial Cassava Stakeholders Platform, GhanaIrede Ajala , Special Adviser, Investment Promotion and Agribusiness, Federal Ministry of Agriculture and Rural Development, NigeriaMamadou Ba , Director, Business Environment Agency for the Promotion of Investments, SenegalJennifer Baarn , Deputy CEO, SAGCOT Centre Ltd, TanzaniaJohn Bahana , Development Director, Kisoro Processing Ltd, KenyaPrabdeep Bajwa , Regional Director, Africa, DuPont, South AfricaWilly Bett , Cabinet Secretary for Agriculture, KenyaMamadou Biteye , Managing Director, Africa, The Rockefeller Foundation, KenyaMark Bowman , Managing Director Africa, SABMiller, South AfricaTony Bruggink , Programme Director, The Sustainable Trade Initiative (IDH), NetherlandsCoy Buckley , Chief Executive Officer, Equity for Tanzania, TanzaniaWinnie Byanyima , Executive Director, Oxfam InternationalDyborn Chibonga , Chief Executive Officer, National Smallholders Association of Malawi (NAFSAM), MalawiCarter Coleman , Chief Executive Officer, Agrica Limited, United KingdomSean de Cleene , Chief Strategy and Partnerships Officer, Alliance for a Green Revolution in Africa (AGRA), KenyaJean De Dieu Ntaganda , Lead Agribusiness & Field Operations Officer, East Africa Exchange, RwandaHailemariam Dessalegn , Prime Minister of EthiopiaBintou Diallo , Director, Agency for Investment Promotion, Burkina FasoLisa Dreier , Head of Agriculture & Food Security Initiatives, World Economic Forum, USABeth Dunford , Assistant to the Administrator, Bureau for Food Security; Deputy Coordinator, Development, Feed the Future, USAIDShay Eliaz , Principal, Monitor Deloitte, USAGeorgina Fleming , Entrepreneur, H2OVP, RwandaClaver Gatete , Minister of Finance and Economic Planning, RwandaC. D. Glin , Associate Director, The Rockefeller Foundation, KenyaSten Guezennec , Business Development Manager Africa, Bayer CropScience, FranceLeslie Hannay , Gender and Land Tenure Lawyer, LandesaSamia Suluhu Hassan , Vice President of TanzaniaNuhu Hatibu , Chief Executive Officer, Kilimo Trust, UgandaSimon Hindley , Director, Procurement, Africa Sourcing Development, Unilever, United Arab EmiratesEmanuel Ijewere , Chief Executive Officer, BestFoods, NigeriaMoses Ikiara , Chief Executive Officer, Kenyan Investment Authority, KenyaPascoal Isaias , Chief Executive Officer, Lozane Farms, MozambiqueAgnes Kalibata , President, Alliance for a Green Revolution in Africa (AGRA), KenyaNjack Kane , Chief Executive Officer, Intervalle, SwitzerlandBenedict Kanu , Lead Agriculture Expert, African Development Bank, Côte d’IvoireHiroshi Kato , Vice President, Japan International Cooperation Agency (JICA), JapanUhuru Kenyatta , President of KenyaGeoffrey Kirenga , Chief Executive Officer, SAGCOT Centre Ltd, TanzaniaGagan Khurana , Founder, MaxiTerra GmbHNaoko Koyama Blanc , Partner, Dalberg Development Advisors, KenyaAugustine Langyintuo , Senior Agribusiness Specialist, International Finance Corporation, KenyaJohn Logan, Country Director, TechnoServe, KenyaMirafe Marcos, Chief of Staff and Senior Director, Agribusiness & Markets, Ethiopian AgriculturalTransformation Agency (ATA)Berry Marttin, Member of the Executive Board, Rabobank, NetherlandsJack Masawa, National Sales Director, LachLan Kenya, KenyaHloni Matsela, Corporate Affairs Director, SABMiller, South AfricaIbrahim Assane Mayaki , Chief Executive Officer, NEPAD Planning and Coordinating Agency, South AfricaHumphrey Mburu, Chief Executive Officer, SereniFries, KenyaKinyua M’Mbijjewe, Head, Corporate Affairs, Africa, Middle East, Syngenta East Africa, KenyaWalker Morris, Chief Executive Officer, The Clinton Development Initiative, USA

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SESSION SPEAKERS

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Gene Moses , Strategy Officer, Global Agribusiness and Forestry, International Finance Corporation, USAStephen Muchiri, Chief Executive Officer, Eastern Africa Farmers Federation (EAFF), KenyaGerardine Mukeshimana , Minister of Agriculture and Animal Resources, RwandaKanini Mutooni, Director General, Investment, The East Africa Trade and Investment Hub, KenyaMartin Mutura , Manager, Supply Chain, The Coca Cola Company, KenyaBarbara Muzata Sehule, Leader, Communications and Stakeholder Engagement, DuPont, South AfricaErastus Mwencha, Deputy Chairperson, African Union Commission, EthiopiaAmadou Nikiema, Director, Investment Promotion, Bagré Growth Pole Project, Burkina FasoAlfred Nkhono, Chief Executive Officer, Press Agriculture, MalawiTony Nsanganira, Minister of State for Agriculture, Ministry of Agriculture and Animal Resources, RwandaKanayo Nwanze, President, International Fund for Agricultural Development (IFAD), ItalyJames Nyoro, Deputy Director, Agricultural Development, Bill & Melinda Gates Foundation, USAJoost Oorthuizen , Executive Director, The Sustainable Trade Initiative (IDH), NetherlandsGeorge Osure , Regional Director, Syngenta Foundation for Sustainable Agriculture, KenyaWilmer Otto, Chief Executive Officer, Morogoro Agriculture Group (MORAGG), USANana Ama Oppong Duah , Policy Advisor, John Kufuor Foundation, GhanaOlatunji Ayoola Owoeye, Chief Executive Officer, Elephant Group Africa, NigeriaWim Plazier , Partner, A.T. KearneyLiliane Ploumen , Minister for Foreign Trade and Development Cooperation, NetherlandsMary Jane Potter , Chief Investment Officer, Innovare Advisors, USAMahadevan Ramachandran, Deputy Director, Procurement Division, UN World Food Programme, ItalyFrancesco Rampa, Head, Food Security Programme, European Centre for Development Policy Management (ECDPM), NetherlandsB. Hanumant Reddy , Managing Director, Voluntous Agricon, RwandaTumusiime Rhoda Peac e, Commissioner for Rural Economy and Agriculture, African Union, EthiopiaAbraham Sarfo , Technical Advisor, NEPAD Planning & Coordinating Agency, South AfricaMichael Schlup , Partnerships Coordinator, Global Cocoa Sustainability, Barry Callebaut, SwitzerlandThiruvengadam Sridhar , Director of Projects, Export Trading Group (ETG), MalawiPaul Stanger , Director, Local Sourcing Middle East & Africa, Heineken, NetherlandsIshmael Sunga, Chief Executive Officer, Southern African Confederation of Agricultural Unions, South AfricaAnna Swaithes, Director, Sustainable Development, SABMiller, United KingdomNike Tinubu , Managing Director, Eagleson & Nito Concepts, NigeriaBenjamin Towett, MOSOP Horticulture Services, KenyaAboubakary Traoré , Directeur département Appui à la Valorisation (Conseil de Riz), Office National deDéveloppement de la Riziculture (ONDR), Côte d’IvoireBen Valk , Head, Food & Agriculture Partnerships, Rabobank International, NetherlandsElke Vandamme , Agronomist, Africa Rice, SenegalSospeter Waga , Managing Director, Value Farms, Kenya Sophie Walker, Regional Africa Advisor; Chief of Party, ACDI VOCA, KenyaAugustin Wambo Yamdjeu, Head, Comprehensive Africa Agriculture Development Programme(CAADP), NEPAD Planning and Coordinating Agency, South AfricaFokko Wientjes , Vice President, Sustainability and Public Private Partnerships, Royal DSM, NetherlandsSimon Winter, Senior Vice President, Development, TechnoServe, USA

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