Washington, D.C. — Leaders in Agribusiness Industry to Discuss the Increasing Business Case for Investing in Agriculture & Food Production in Africa
Buchanan Renewables, Schaffer Global Group, and Illovo Sugar have joined organizations such as Novus International, Inc., U.S. Agency for International Development (USAID) and All Africa Global Media as sponsors of The Corporate Council on Africa (CCA) 2008 U.S.-Africa Agribusiness Forum, it was announced today.
The 2008 Agribusiness Forum, Investing in Agriculture Links in Africa is being hosted by CCA's Agribusiness Initiatives Program (initially funded by USAID) and will be held in Chicago, Illinois, June 25-27. The Forum is expected to attract more than 300 leaders from the private and public sectors in the U.S. and Africa.
The two-day Forum will include industry-specific sessions, networking opportunities, and panels. Topics for discussion include: cross-cutting issues such as financing, commodity trading markets, food security, infrastructure investment to connect African markets, market information systems improvement, product innovation, cash crop production and investment, livestock production and investment, pharmaceutical growth, bio-fuel industry growth, carbon trading, and production technology. Visit www.africacncl.org for more details and registration information.
Buchanan, Schaffer and Illovo have teamed to sponsor and lead the "Biofuels—Expanding Agribusiness in Africa" workshop. The workshop will highlight opportunities for growth in the biofuel sector, the challenges facing potential investors and best practices employed by companies already operating in the market.
"Africa's favorable climate, vast land resources, and diverse offerings of renewable energy sources, provides tremendous investment opportunities and potential for the Continent to help meet global energy demands," said CCA President Stephen Hayes . "We are pleased to welcome Buchanan Renewables, Schaffer Global Group and Illovo Sugar as sponsors of the 2008 U.S.-Africa Agribusiness Forum's biofuels workshop, and know that their respective expertise in this sector will provide participants with information necessary to invest in biofuel production."
World Cocoa Foundation, African Business, Corporate Africa, and African Decisions are also sponsors of the event. More sponsors will be announced over the next few weeks.
The CCA Agribusiness Initiatives Program focuses on catalyzing the contribution that agriculture, agribusiness, and related activities make to economic growth in Africa. Initially funded by the U.S. Agency for International Development (USAID) to foster development of public-private partnerships and support the African Union's Comprehensive Africa Agriculture Development Program, (CAADP), CCA's Agribusiness Initiatives Program seeks to increase CCA member involvement in shaping policy through education and access to finance programs.
Established in 1993, The Corporate Council on Africa is a nonpartisan 501 (c) (3) membership organization of nearly 200 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. The organization is dedicated to bringing together potential business partners and to showcase business opportunities on the continent.