Growing Africa?

8 April 2013

The Bank’s continued enthusiasm for agribusiness (see Update 83) was evident in its March report Growing Africa, which highlighted the potential of the African agriculture sector, currently valued at $313 billion a year, to treble if governments and business leaders engage in radical policy reform and generate public private partnerships. Commenting on the report’s feasibility, Gambia-based Buba Khan from ActionAid International, said that “the concern is that there is a land rush in Africa in the name of investment and it will only make sense if governments adopt the voluntary guidelines developed by the UN’s Committee on Food Security. African Union land policies should also regulate such deals and protect the interest of smallholder farmers.”