KIGALI, (Xinhua) --
Africa’s smallholder farmers are
responsible for the majority of the continent’s food
production, however their production efforts are
hindered by the lack of access to adequate financing,
experts said Thursday.
speaking at a session panel “the business case for
agriculture” on the sidelines of 2018 African Green
Revolution Forum (AGRF) in the Rwandan capital Kigali.
running from Sept. 5 to 8 seeks to harness new pathways
to turn African smallholders into future agribusinesses.
“Agriculture, especially small-scale farming plays a
vital part in food security in African economies,
however, smallholders lack funds to scale up and
modernize their farming systems,” said Fokko Wientjes,
vice president of Nutrition in Emerging Markets and Food
Systems Transformation at DSM, a Dutch based science
company active in health and nutrition.
that to achieve growth in Africa’s agricultural sector,
key stakeholders from the public and private sectors
must come together to ensure that farmers, most
especially smallholders access finances to improve their
Blanke, vice president of agriculture, human and social
development at the African Development Bank (AfDB), said
that micro-financing remains a vital source of capital
for agricultural producers, however, smallholder farmers
are unable to access them due to lack of collateral.
financing for agriculture has been cited as a major
impediment to smallholder farmers in Africa. It’s time
for African governments and the private sector to
support farmers to access agricultural finance,” she
Sarah Metcalf, head of the United Kingdom Department for
International Development (DFID) Rwanda, lack of
financing threatens the growth of commercial farming
among farmers in Africa.
small-scale farmers in Africa are finding it difficult
to realize their agribusiness potential due to lack of
information and access to development financing models,”
percentage of smallholders with access to finance such
as value chain finance, are reaching fewer than 10
percent of smallholders, primarily those in
well-established value chains dedicated to higher value
cash crops, according to World Bank Group.