Triple crises impact agribusinesses in Nigeria, Tanzania, and Zambia

Fresh Tomato

Vegetables

Zambia

Published Mar 11, 2024

Tridge summary

The 'African Agribusiness Outlook Report' by AGRA and IPSOS has revealed that small agribusinesses in Nigeria, Tanzania, and Zambia are grappling with challenges brought about by Covid-19, climate change, and the Russia-Ukraine conflict. The report, which surveyed 1,623 businesses, underscored the need for supportive ecosystems, including affordable finance, stable business policies, and effective regional trade systems. AGRA's President, Dr Agnes Kalibata, highlighted the resilience of these businesses and called for collective efforts to address these challenges.

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Original content

Agribusinesses in Nigeria, Tanzania and Zambia face challenges from Covid-19, climate change and the Russia-Ukraine conflict, AGRA’s ‘African Agribusiness Outlook Report’ says. The report, which is the 3rd edition, is jointly produced by AGRA and IPSOS. It surveyed 1,623 small agribusinesses in the rice, maize and tomato value chains in Nigeria, Zambia and Tanzania, and the soybean, maize and tomato value chains in Zambia. Dr Agnes Kalibata, President of Alliance for a Green Revolution in Africa (AGRA), highlighted the crucial need for supportive ecosystems for agribusinesses, including access to affordable finance, stable business policies and effective regional trade systems. The communique discussed revenue declines, sector impacts and strategies used by agribusinesses. Dr Kalibata noted, “Not much has been done to address the cumulative impact of the triple crisis on agribusinesses.” Reflecting on the potential of these enterprises, she emphasised, “We must recognise the ...

Source: Daily Trust (ng)