11 African countries to benefit from a new partnership between AAIN and FAO for strengthening agribusiness SMEs for job and wealth creation

Under the Small and Medium Enterprise Incubation, an initiative of the FAO that will be implemented in collaboration with the African Agribusiness Incubator Network (AAIN) a number of agribusinesses in processing, mechanization, logistics and trade will be identified and incubated.

Some of the participants at the event in South Africa.

 

The proprietors will attend a Making Markets Matter Course and receive a minimum of 3 to 6 months incubation support and guidance by AAIN experts. A total of 33 SMEs will be supported by the partnership and incubated in phase one which is aimed at scaling within and outside the selected countries in partnership with national governments, development partners, private sector companies and financial institutions using the African Agribusiness Incubation Fund model and other successful FAO -supported models.

“We are glad to have this unique contribution of the FAO towards food security, the nutrition agenda as well as job creation for the youth in Africa and look forward to long term partnership and collaboration with the FAO.AAIN will use the opportunity to upscale the incubation model for small scale agribusiness incubator hubs and the mentorship Programme in 11 African countries.” – Dr Alex Ariho, CEO of the African Agribusiness Incubators Network in a message during a partnership meeting at the AAIN Secretariat in Accra, Ghana.