With the prices of commodities remaining low with no hope of recovery in the short term, Africa is looking inwards. The continent has about 600 million hectares of uncultivated arable land but focus on its natural resources wealth has for decades been the bane of agricultural development. Africa, as it is, cannot feed itself. But the African Union (AU)’s annual themes of Year of Agriculture and Food Security (2014); Year of Women’s Empowerment and Development toward Agenda 2063 (2015), as well as the African Agribusiness Strategy has inspired an initiative to launch a Pan African Agribusiness Holding Company.
The Chairperson of the African Union Commission, Dr. Nkosazana Dlamini Zuma, and the Chairperson of SOBEK Trade and Investment (Egypt), Mrs. Manal Abdel Moneim, on Tuesday, Jan. 19, signed an agreement at the African Union Headquarters in Addis Ababa, Ethiopia on the initiative aimed at developing women’s agribusinesses by mobilizing investments and providing capacity to such businesses in different parts of the continent.
An excited Dlamini Zuma said: “I am very pleased that women in the private sector who are doing so well have not forgotten to support and pull other women along. I am very much inspired”.