As an African economic development company with a focus on promoting private sector development and encouraging greater private sector engagement in support of the realization of the continental African development agenda as outlined by the African Union and its implementation arm, the NEPAD Agency, Africa Business Group is seeking to utilize its relationship with various Africa active business owners below and/ or near the age of 40 who are building enterprises involved in agriculture and agribusiness to forge a platform of practitioners - and to help them accelerate their growth and ability to be economically impactful in their chosen fields of endeavor. Additionally, ABG seeks to use its relationships with African government, AU organs, development partners and development agencies to accelerate the development of mutually beneficial linkages between the emerging fast growing agri-sector companies and small holders and other stakeholders in Africa’s food value chains.
The Global African Agribusiness Accelerator Platform seeks to identify and work with Africa-active agribusiness/ agriculture enterprise owners aged 40 or below who have been in business 3 years or more, and seek to grow their enterprises by 20% year on year over the next three years.
The objective of the platform is also to: a) promote intra-African, intra-youth, knowledge and success model sharing, b) promote trade and investment in agriculture and agribusiness among platform members, c) promote youth in agriculture and agribusiness by showcasing and promoting platform members, d) create mutually beneficial linkages between youth owned enterprises and the growing number of smallholder farmer transformation “projects” on the continent; and e) accelerate the economic impact of agriculture and agribusiness enterprise owners who are GAAAP members – in the communities where they are active.
Lastly, in 2016 the desire is to identify and bring together 100 such enterprise owners, in 2017 to bring together 300 such enterprise owners, and in 2018 to bring together 500 such enterprise owners. By 2020, we would like the community to include at least 2000 young agriculture/ enterprise owners.
There are six key components to GAAAP: