Malabo — The African Union Commission's Department of Rural Economy and Agriculture Commissioner, Tumusiime Rhoda Peace, has opened the African Agribusiness Forum in Malabo, Equatorial Guinea.
She urged stakeholders to focus on enhancing positive changes towards prosperity that directly impact on the livelihoods of African citizens through an inclusive agricultural transformation process.
Tumusiime said the last decade had redefined and reshaped the critical path to the attainment of Africa's agricultural transformation objectives.
She informed the Forum that the recent AU Joint Conference of Ministers of Agriculture, Rural Development, Fisheries and Aquaculture, held in Ethiopia, adopted a Resolution endorsing seven Africa Accelerated Agricultural Growth and Transformation Goals (3AGTGs) for 2025 for consideration by the AU Heads of State and Government, at their Malabo Summit.
The joint conference recommended among other things the need to enhance Public-Private Partnerships and Investment Financing for African Agriculture and called on stakeholders to establish and/or strengthen inclusive public-private partnerships for at least five priority agricultural commodity value chains.
"This forum will, therefore, provide an opportunity for men, women and youth stakeholders in the agribusiness sector to discuss and develop concrete strategies for the realization of these recommendations," she said. '
The African Agribusiness Forum, held ahead of the 23rdOrdinary Session of the Assembly of African Union Heads of State and Government, is meant to enhance private sector engagement and inclusive agribusiness transformation in Africa.
The Summit is being held under the theme, "Transforming Africa's agriculture for shared prosperity and improved livelihoods; harnessing opportunities for inclusive growth and sustainable development."
It is also being held in the 2014 AU Year of Agriculture and Food and Nutrition Security and the commemoration of the 10 year anniversary since the Comprehensive Africa Agriculture Development Programme (CAADP) was adopted.