Sustainability

Transforming African agriculture

January 25, 2013

Africa

January 25, 2013

Africa
Monica Woodley

Editorial director, EMEA

Monica is editorial director for The Economist Intelligence Unit's thought leadership division in EMEA. As such, she manages a team of editors across the region who produce bespoke research programmes for a range of clients. In her five years with the Economist Group, she personally has managed research programmes for companies such as Barclays, BlackRock, State Street, BNY Mellon, Goldman Sachs, Mastercard, EY, Deloitte and PwC, on topics ranging from the impact of financial regulation, to the development of innovation ecosystems, to how consumer demand is driving retail innovation.

Monica regularly chairs and presents at Economist conferences, such as Bellwether Europe, the Insurance Summit and the Future of Banking, as well as third-party events such as the Globes Israel Business Conference, the UN Annual Forum on Business and Human Rights and the Geneva Association General Assembly. Prior to joining The Economist Group, Monica was a financial journalist specialising in wealth and asset management at the Financial Times, Euromoney and Incisive Media. She has a master’s degree in politics from Georgetown University and holds the Certificate of Financial Planning.

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Transforming African agriculture is a Yara sponsored report written by the Economist Intelligence Unit

This paper is an investigation into new kinds of public-private partnerships in agriculture and how they are changing development in Africa.

  • New partnerships are a rising force: Big business and smallholder farmers are forming new connections aimed at linking participants into global supply chains rather than excluding them. This is changing the shape of aid, business and development in Africa.
  • Agricultural corridors have been one leading approach to drive new growth by linking infrastructure and institutional development such than rural producers have greater market access. This leverages a multifaceted approach to deliver large scale investment and entrench a sustainably long time horizon.
  • Pioneering governments have realised than spending more is not enough. While some nations have dramatically increased their investments in agriculture, this is a sector which requires multiple partners and a commitment to business engagement in order to flourish.
  • Interests are aligning more closely. While food security is on the minds of government leaders, business has a rising interest in growing their presence in African markets and finally a new generation of African leaders increasingly driving their own growth and development agendas and changing the way they work with donors and business. This is setting out a new agenda for agriculture.
  • These partnerships can drive wider rural development. While it remains early days, it is clear that the traditional roles of business, government and international aid are changing in Africa. Local areas of systemic improvement can catalyse further change and development. These shifts are incipient but the formation of new ways of thinking and the creation of new partnerships have already begun.

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