Sterling seeks to unlock $1tn African agribusiness economy


Samuel Awoyinfa

The Sterling Bank will in the first week of September bring together in a summit in Abuja policy makers, development agencies, international financial institutions, and value chain players in agriculture on the continent.

The international summit with the theme, ‘Agriculture – Your piece of the trillion-dollar economy’ according to the organisers, seeks the actualisation of the $1tn African agribusiness economy dream by 2030.

The bank stated that it was moved to organise the summit because more than 50 per cent of the world’s fertile and unused land estimated at 450 million hectares was in Africa, yet agriculture productivity was still low.

Group Head, Agriculture Finance and Solid Minerals, Sterling Bank, Bukola Awosanya, said, “Agriculture productivity in Africa is low and a source of concern in the sector that accounts for 60 per cent of the continent’s labour force and 75 per cent of its domestic trade. Continue reading…

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