Innovations Session N°17

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21/02/2024

The potential of African regional markets: Successes from SMEs and Smallholders

One of the key drivers of food systems transformation in Africa lies in the potential of African regional markets, where Small and Medium-sized Enterprises (SMEs) and smallholders can play an important role.

While there have been notable successes, challenges persist in unlocking the full potential of African regional markets. A greater emphasis on deeper intraregional trade, cross-border investments in infrastructure and fostering “made in Africa” trade and industrialisation policies is key to the continent’s future prosperity and resilience to global financial, food-related, climatic and pandemic-related shocks.

Infrastructure deficits, regulatory complexities, and access to finance remain significant obstacles for SMEs and smallholders. Addressing these challenges requires a collaborative effort from governments, international organisations, and the private sector. Transformation can be achieved through improvements in farm-level productivity, inputs, mechanisation and post-harvest management driven by investment, innovation and technology within a coordinated and effectively executed policy framework.

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Join our Agrinnovators community forum to discuss and explore how to encourage innovations across agricultural value chains to transform food systems in Africa, promote sustainable agriculture, and leverage investment. Share insights, ask questions, and collaborate on innovative solutions for a greener future

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