African Farming to host agroinvestment summit for Africa’s agricultural growth

AgroinvestThe event aims to add value to the growth of Africa’s agriculture and agribusiness opportunities. (Image source: Food Ethics Council/Flickr)African Farming, in association with 151 Products Ltd, will organise the African Farming’s Agroinvestment Summit in London from 4 -6 June 2018, aiming to support the growth of agriculture and agribusinesses in West Africa

The event will be attended by a wide range of stakeholders like government officials, importers, distributors, agribusiness owners, C-level executives from food companies, trade union members and manufacturers and suppliers of agricultural equipment, machinery and services.

More than 450 global CEOs in agro-food and allied industries from Europe, Asia and Africa are expected to attend the event. It is set to create a cohesive platform for trade and investment opportunities, attracting major investors and buyers from around the globe.

Market opportunities for the West African agriculture and food market are increasing due to the population growth, urbanisation, income growth and higher output services. On an annual basis more than US$10bn is committed across West Africa in agricultural development, food, beverage products and services.

With this in mind, Victor Mayomi, minister of agriculture and rural development in Nigeria, said, “We are confident that several new relationships would arise from the networking interactions amongst participants.”

Objectives and key focus of the summit will include:

· Deployment of agro-machinery and technology via OEM partnerships

· Local assembly investment, challenges and opportunities in West Africa

· Funding for agro-development and value addition

· Harnessing, processing and packaging via PPP partnerships for sufficiency and exports

· Improvement of rural infrastructure that will support agroinvestment in West Africa- solutions and challenges

· Cross-border trading

· Increase productivity and output

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