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AGRA strengthens private investment in local agribusinesses

10 December 2013, 18:44

Nairobi - The Alliance for a Green Revolution in Africa (AGRA) on Tuesday announced a five-year project that seeks to increase incomes of smallholder farmers through the creation of an enabling policy environment in Africa.

The initiative, Micro Reforms for African Agribusiness (MIRA), will identify, prioritize and reform specific agricultural policies and regulations that currently deter or limit private investment in small- and medium-sized agribusinesses operating in smallholder agricultural value chains.

Over a period of five years, AGRA aims to motivate at least 25 significant policy or regulatory reforms in selected countries, leading to measurable increases in private sector investment in local agribusinesses.

The project, funded by the Bill & Melinda Gates foundation, is expected to increase the number of smallholder farmers accessing improved technologies supplied by agribusinesses operating in local staple food value chains.

 It will also help them access stable, predictable income-generating market opportunities.

“We are very excited about this new initiative,” says AGRA’s President, Jane Karuku.

“It will help African Governments unlock agricultural potentials in their countries by supporting their efforts to develop progressive agricultural policies that will attract increased private investments in smallholder agricultural value chains.”

“The MIRA project will provide African Governments with access to high quality local and international technical assistance for identifying, prioritizing and reforming specific agricultural regulations,” says Dr. Steven Were Omamo, AGRA’s Director of Policy and Advocacy.

“Current regulations often discourage private investment in small- and medium-sized agribusinesses that serve the needs of smallholder farmers.

“The project will help build the capacity of leaders and analysts to make better-informed, economically-robust assessments and decisions about which regulations need to be reformed in order to facilitate increased private investment in smallholder value chains,” Omamo said.

-  APO


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