Monday, 20 November 2017 10:27

AFRICA AGRIBUSINESS INCUBATION NETWORK PROGRAMME DEVELOPMENT

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The Council of Governors held a consultative meeting with Africa Agribusiness Incubation Network (AAIN) at the Council of Governors offices. The meeting was a follow up of the introductory meeting held earlier to discuss how the Council of Governors can partner with AAIN to establish Agribusiness Incubation centers across the Counties.
AAIN is a continental umbrella organization for agribusiness incubators in Africa. AAIN implements the African Agribusiness Incubation Programme (AAIP) for job and wealth creation in Africa through strategic partnerships with donors and development partners. AAIN runs the AAIP through incubators to harness the creativity and innovations of the youth, commercialize outputs of Agricultural research institutions, enhance financial support from financial institutions, governments, and private sector and farmer associations. Through partnership with AAIN, the Council of Governors seeks to introduce a pilot phase of Agribusiness Incubation program across 14 select Counties in the first two years of the project implementation and thereafter scale up to the remaining 45 Counties. The project is expected to run for five years.
The agribusiness incubation business agenda has five core investment areas designed to respond to the drivers of agriculture transformation as envisaged in the Agriculture Growth and Transformation Strategy developed to guide the sector growth. The core areas include input and output market infrastructure development, technology commercialization and innovations, human and institutional capacity development in agribusiness, Youth and women engagement in trade and investment, structured financing for the youth using the Agribusiness Incubation Fund. It is expected that the implementation of the project will trigger the much lauded paradigm of shifting from traditional smallholder farming to a value chain oriented commercialized agriculture systems. The Council of Governors recognizes the unexploited potential that lies in agribusiness and seeks to harness the potential of Youth to revolutionize agriculture systems. The project is will be a real game changer in building entrepreneurial skills of agripreneurs as well as enhancing preferential entry of Youth and women in agriculture. It’s time for the Youth in agribusiness to seize the moment and embrace agribusiness as the next frontier.

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