The crucial role of women in African agriculture

In sub-Saharan Africa, over 90% of the extreme poor are engaged in agriculture, according to the World Bank. While women play a crucial role in this sector, their economic gains have a significant impact not only on themselves but also on the next generation. Dr. Paul Greener, the CEO of Africa Enterprise Challenge Fund, discussed the importance of women empowerment in agribusiness during a recent interview with CNBC Africa. The Africa Enterprise Challenge Fund is a financing agency that supports small businesses across the continent, particularly in the agribusiness sector. Over the past nine years, they have funded around 250 businesses, impacting the lives of two and a half million farm households, predominantly small farmers. Recognizing the underrepresentation of women in the agricultural value chain, the organization is now focusing on empowering women within this sector. Dr. Greener revealed plans to launch a program dedicated to women's economic empowerment in agribusiness at an upcoming event. This initiative aims to fund businesses owned or run by women, or those that significantly impact women as producers, consumers, or employees. By addressing the gender gap in agribusiness, the fund hopes to unlock untapped potential and create new opportunities for women in the sector. Dr. Greener highlighted the challenges women face in accessing productive resources like land and finance due to legal and cultural barriers. In many African countries, women are restricted from owning land, limiting their ability to start businesses and access credit. To bridge this gap, the Africa Enterprise Challenge Fund provides concessional financing that does not require traditional collateral, allowing women to build assets and grow their businesses. The organization targets value chains where women have some access to productive resources, such as water culture, fruit trees, or small livestock, to empower women economically. By supporting women in agribusiness, the fund not only aims to improve their livelihoods but also to drive sustainable development across the continent. The empowerment of women in agriculture is essential for achieving food security, reducing poverty, and fostering economic growth in Africa. Through targeted initiatives and inclusive policies, organizations like the Africa Enterprise Challenge Fund are paving the way for a more gender-balanced and prosperous agribusiness sector. The success of these efforts will not only benefit women today but also ensure a brighter future for generations to come.