Financing Agricultural Growth in Africa


Posted by: Elizabeth Israel in MyBlog on Sep 03, 2013

Tagged in: Investments , Environmental Sustainability , Climate Change , Agriculture , Africa

 

Rockefeller Foundation Blog


 

 

Excerpted from This is AfricaDownload the full report.

Whether it is traditional bank lending or private equity, and from major agribusiness to microfinance, one theme stands out — a change in mindset is needed, in which African agriculture is seen as a business opportunity, not a charity sector.

“What we have seen is a shift towards agricultural development as an engine of economic growth so that agriculture can provide the resources for other sectors as well – for education, for health, for overall advancement,” says Gary Toenniessen at The Rockefeller Foundation. “And that requires private sector involvement to a much greater degree. If all you are trying to do is provide food relief, then that goes through governments and UN agencies. But if you really want economic growth then you need a private sector that is working across the agricultural value chain.”