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Rwanda hosts the African Union private sector and agribusiness forum to discuss inclusive growth

Rwanda hosts the African Union private sector and agribusiness forum to discuss inclusive growth

Rwanda hosts the African Union private sector and agribusiness forum to discuss inclusive growth

Kigali, 6 November 2016

Rwanda is hosting the second African Union private sector and agribusiness, a forum bringing together about 100 experts in the domain.

For the next three days, participants from AU Member countries, Chief Executives of the private sector, financial institutions, agribusiness organizations, farmer organizations, civil society organizations and development partners are discussing the role of the private sector as a driver of inclusive agribusiness development and growth.

The discussions at this forum are centred around transforming Africa’s Agriculture for shared prosperity and improved livelihoods: Harnessing opportunities for inclusive growth and Sustainable development.”

Speaking at the event, Minister of Agriculture Dr. Geraldine Mukeshimana, described Government and private partnerships as key in bringing up collective efforts for the betterment of the citizens welfare.

“The Government of Rwanda recognizes the significance of Agriculture and agribusiness to our economy. Agriculture and agribusiness continue to play a significant role in Rwanda’s economy contributing 33% of the GDP in 2013”, she said.

Minister Mukeshimana told participants that three of the four pillars of EDPRS, a policy paper driving government efforts in reducing poverty and making Rwanda a middle income economy, stresses the role of agriculture as a critical sector to contribute to that.

“Economic transformation, productivity and youth employment, and rural development are major parts of Rwanda’s efforts towards transformation and market oriented agriculture, vital to achieving wealth and agribusiness sector can grow faster only when the private sector keenly invests into it.”

Her excellence Tumusiime Rhoda Peace, African Union Commissioner for rural economy and agriculture said it is encouraging to have the forum for the African private sector engagement in Africa transformation.

“The African Union values the forum because of the pivotal role that we know private sector will play in complementing the public sector in advancing African agriculture transformation in the coming decade.”

Agriculture continues to be the key sector for economic development on the African continent, with the agriculture sector accounting for 60-80% of employment, 15-20% of total export and 30-40% of GDP.

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