Location – Yaoundé, Cameroon
Date – 4th March 2019
Attendees – 30+
Cameroon Agribusiness Roundtable
The African Development Bank estimates Africa’s farmers and agribusinesses could create a trillion-dollar food market by 2030. With African food import bills in excess of $40bn/year, this is an opportunity that cannot be overlooked.
In order to support the agriculture development in-country, it is crucial that all stakeholders invest in smallholder farmers and prioritize local sourcing and local processing. Not only that, it is equally important to create a level playing field with an emphasis on local production, increased productivity and value addition.
In Cameroon, the largest economy in the Central African Economic and Monetary Community, the agro-processing and agriculture sector is the basis of livelihood for over 70% of the country’s population and is a major earner of foreign currency.
The African Business Roundtable took a holistic and multi-stakeholder approach to discuss these issues. We looked at the whole value chain and discussed key initiatives around innovative smallholder farmer schemes with a focus on supporting sustainable food systems, from local production to consumption.
The Business Roundtable primarily focused on the following key issues:
- Ease of doing business
- Policy framework to facilitate greater private sector investment in agriculture
- Private sector perspectives on trade and investment legislation
The African Business Roundtable is a strategic initiative of African Business magazine. This is part of a series of Roundtables we are organising leading on to African Green Revolution Forum 2019 that we are running in different countries across the continent.