Leaders from across Africa and around the world pledge new action to address the impacts of climate change on food production while revealing the hidden power of African agribusiness.
A $500 million commitment to developing agriculture opportunities for young Africans, a “Deal Room” that delivered some $200 million in new investments, billions to support digital infrastructure crucial for powering innovative farmer services, significant actions on climate change adaptation, and the launch of a major food trade coalition.
This year’s, AGRF vibrant Agribusiness Deal Room that was a hub of activity, securing the Forum as a prime venue for connecting innovators with critically needed capital. Private and public sector stakeholders executed commitments worth over $200 million to develop and strengthen several value chains in Malawi, Mozambique, Nigeria, Uganda and Eswatini.
These are among the highlights of the 2019 African Green Revolution Forum (AGRF), which attracted some 2800 participants from across Africa and around the world this week for three days of intensive consultations in Accra.
Ghana President, H.E. Nana Addo Dankwa Akufo-Addo said, “The potential benefits of the AGRF to the African continent are beyond contention. We must galvanize our collective resources and energy to fully exploit the opportunities it presents.”
AGRF is the world’s premiere forum for African agriculture, pulling together stakeholders across the agricultural landscape to discuss and commit to programs, investments and policies to achieve an inclusive and sustainable agricultural transformation across the continent.
This year, the event returned to Ghana, host of the first AGRF in 2010. Ghana is also the home of former UN Secretary General, the late Kofi Annan, founder of both the AGRF and the Alliance for a Green Revolution in Africa (AGRA), and a leading voice for the power of smallholder farmers to drive major reductions in poverty across the continent.
A marquee commitment secured at AGRF 2019 was the announcement from the Mastercard Foundation to invest $500 million to launch a new Young Africa Works program. The initiative will provide a major infusion of capital to support the efforts of a new generation of young “agripreneurs” who are investing their talent in farming and other agriculture-oriented ventures.
The Foundation’s President, Reeta Roy said, “This generation is not just heeding the call, they are leading the charge and changing the narrative of the 21st century African farmer. Their vision of farming is more business-oriented and more tech-enabled.”
The $500 million commitment to Young Africa Works brings the Foundation’s total investments in African agriculture to $1 billion.