The Alliance for a Green Revolution in Africa (AGRA) has urged business sector participants to explore taking advantage of existing agricultural opportunities and making various investments.
Sophie Chitedze, AGRA Country Director, delivered the statements at the introduction of the Malawi Agribusiness Deal Room as part of the African Green Revolution Forum (AGRF) 2021.
Agriculture, according to Chitedze, is the country’s economic backbone, and the private sector must play a role in ensuring that the country develops in terms of agribusiness.
According to Chitedze, the importance of agriculture to African countries including Malawi cannot be overemphasized and as such the private sector should look into this as a potential area that can boost their financial muscles.
“Malawi’s economy will continue to depend on agriculture for the foreseeable future. Unlike her neighbours who have other sectors in priority, Malawi’s priority number one remains agriculture. We, therefore, have excellent reasons for us to worry when we cannot invest as much in a sector that drives our lives,” she said.
However, Chitedze said AGRA also recognizes that developing smallholder agriculture into a productive, efficient, and sustainable system is essential to ensuring food security, lifting millions out of poverty, and driving equitable growth across the continent.
The National Planning Commission Senior Development Planning Specialist, Maxwell Maida, echoed Chitedze’s sentiments, saying there is a huge space in the agriculture sector that government alone cannot manage to fill.
Maida referred Chipoka Port Fisheries and Aquaculture Infrastructure Development project, which will soon commence and will need more investors.
He said the project is conceptualized to maximize the potential the fisheries and aquaculture sector has for sustainable economic and social transformation.
“Fisheries and aquaculture present significant opportunities to contribute towards economic growth and sustainable development,” He said
Among others, the project will advance the fisheries and aquaculture sector through the development of an industrial and logistical national centre and promote the vertical integration of activities across related value chains.