CTA and the Finance Alliance for Sustainable Trade (FAST) have launched an investment guide for the sweet potato sector in Caribbean Forum (CARIFORUM) countries as part of a wider project to assist small and medium enterprises (SMEs) in the region and help them obtain finance.
Associations and organisations of African farmers can be turned into modern and competitive enterprises that still preserve cooperative principles by applying six steps. This allows the development of autonomous, democratic and farmer-owned organisations that can also boost rural employment and agri-business in Africa as shown in a recent study.
April 19, 2017
The annual AFRACA Central Bank Roundtable and Policy meeting delved into risk-sharing financing mechanisms in African agriculture.
In Sub-Saharan Africa, agriculture accounts for 70% of the labour force and between 25% and 70% of the GDP in most countries. However, according to the African Development Bank (AfDB), less than 3% of total commercial bank lending goes into the agricultural sector in Africa. A major constraint facing farmers in investing in sustainable land use management at scale and increasing quality food production is lack of access to financing.
About 100 members of agricultural cooperatives from 16 regions of Madagascar, in addition to 100 representatives of the government, the private sector and international NGOs, gathered at the Cooperative Leadership Forum in Antananarivo at the end of February 2017. The event was jointly organised by CTA and NCBA-CLUSA (National Cooperative Business Association, Cooperative League of the United States of America) and supported by the Ministry of Industry and Private Sector Development (MIDSP).