Algérie
Tunisie
Côte d'Ivoire
Cameroun
Émirats Arabes Unis
Autriche
Belgique
Curaçao
Bahreïn
Canada
Chine
Allemagne
Danemark
Égypte
Espagne
France
Croatie (Hrvatska)
Italie
Kenya
Corée du Sud
Koweït
Liban
Maldives
Nigeria
Pays-Bas
Qatar
Russie
Arabie saoudite
Suède
Eswatini (Swaziland)
Thaïlande
Turquie
Royaume-Uni XX
États-Unis (United States)
Afrique du Sud
InnovX
FIRST EDITION OF THE AGRICHAIN INVESTMENT FORUM IN AFRICA
Ben Guerir - October 10th, 2023 - INNOVX and OCP Africa are holding the first edition of the Agrichain Investment Forum in Africa, on October 10th, 2023, at the Mohammed VI Polytechnic University (UM6P) in Ben Guerir, as part of the Voice of Africa.
This forum is set to become a major event for African agriculture. Its purpose is to catalyze investment in agricultural value chains through increased collaboration among stakeholders, including project developers and investors.
The Agrichain Investment in Africa forum brought together key sector stakeholders, including entrepreneurs, startups, investors, banks, development agencies, and public representatives, creating a networking environment that is conducive for the emergence of collaborative projects and their imminent implementation in an integrated approach framework.
The forum’s agenda yielded a dynamic that will provide a boost for operational solutions to financing and investing challenges in agricultural value chains (AVC), it will also contribute to addressing the complexities of strategic issues related to food sovereignty, sustainability, and technological and financial innovation
The Agrichain Investment in Africa Forum’s context is one of a critical challenge: in Africa, less than 3%[1] of the economy's financing is allocated to agriculture, a vital sector for the continent."
Financing hurdles in Africa
The complex paradox underlying the sector’s situation lies at the heart of the priorities of the Agrichain Investment in Africa Forum. Despite the continent’s extraordinary agricultural potential and the predominance of this sector in African economies, financing falls short of the sector’s needs; while these amount to 240 billion dollars annually, only 25% of overall needs, i.e. 60 billion dollars are met.[2]
"With the Agrihain Investment in Africa forum, we aim to make a tangible contribution to accelerating investment in the agricultural sector in Africa. This forum primarily serves project developers, providing them with a platform to connect with investors and financing catalysts, along with technological innovation, to maximize the success prospects of their projects," explains Mr. Youssef ELBARI - INNOVX’s CEO."
"We are thrilled to join forces with INNOVX for this paramount event, gathering influential personalities from the comprehensive agricultural value chain to tackle the challenges and opportunities linked to investment in Africa's agricultural realm. We are confident that this inaugural forum will set the stage for a distinguished annual gathering, assembling industry trailblazers to drive forward-thinking investments that foster the sustainable evolution of agriculture throughout the continent," stated Mr. Anouar JAMALI, CEO of OCP AFRICA.
The inaugural edition of Agrichain Investment in Africa will be followed by itinerant meetings all over Africa and subsequent annual editions to sustain the collaboration and networking momentum and actively track the progress of collaborative projects all the while.
[1] Source: Dalberg 2018, The Economics of Agri-SME Lending in East Africa
[2] Source: Dalberg 2018, The Economics of Agri-SME Lending in East Africa
INNOVX is a multidisciplinary and multisectoral group committed to addressing global sustainability challenges and contributing to Morocco's technological leadership.
As a subsidiary of the Mohammed VI Polytechnic University (UM6P), INNOVX combines the roles of investor, technological incubator, and business developer to conceive, develop, and industrially deploy innovative, high-performance technological enterprises and ecosystems with a significant environmental and social impact.
The INNOVX group operates in strategic sectors crucial for food sovereignty, energy and digital transition, including Agriculture, Social Innovation, Energy, Chemistry, and Digital. For more information, visit our website:Innovx.ma , https://www.linkedin.com/company/innovx1/