Summit to focus on Africa's ability to feed itself
30 September 2013, 14:27
The 5th African Grain Trade Summit, hosted by the Eastern Africa Grain Council (EAGC) will be convened from the 1st - 3rd October 2013 at the Sarova-Whitesands Hotel, in Mombasa to discuss key issues affecting the African grain sector.
The event shall bring together over 250 top leaders from Africa including business executives from the private sector, including farmers, traders and millers, non-governmental organizations, development partners, financial institutions, researcher government representatives, regional bilateral institutions, and policymakers.
The summit is timely as global focus shifts to Africa’s potential to feed itself and feed the world; as the next frontier in global grain supply.
Africa with an estimated population of 1 billion people and an area of 30.2 million km² is home to seven of the world’s 10 fastest growing economies with a projected economic growth rate of 6%. Additionally, the continent has a youthful population, a rich resource base, rising incomes and a steadily growing private sector: all these factors make for a healthy and attractive investment environment.
This year’s summit has received support from the Alliance for Green Revolution in Agriculture (AGRA), among other organisations.
“AGRA is happy to be associated with the Africa Grain Summit as it will help in charting the way forward on resolving the issue on postharvest grain losses which are currently at 40 percent in sub-Saharan Africa. By stemming these losses we can help to increase farmers’ incomes,” says Anne Mbaabu, Director of AGRA’s Market Access Programme.
At this year’s summit, delegates will focus on advocating for a predictable agricultural trade policy and price environment which facilitates public private partnerships and stimulate increased investments along the grain value chain. Additionally, opportunities for innovation and technology adoption to address constraints and increase agricultural investments in Africa will be explored as will means of optimizing intra-Africa market access by dismantling barriers to trade.
Delegates will also discuss how to scale up agribusiness financing for Africa’s grain trade through Structured Trading Systems.
During the summit, the first ever Structured Trading Systems Handbook will be launched and is envisioned as being a game-changing tool in grain trade in Africa and beyond.