Youth in Agriculture & Rural Development: Perspective from Pan African banking

FARA Africa Agriculture Science Week (AASW) JULY, 2013

Youth in Agriculture & Rural Development: Perspective from

Pan African banking

Disclaimer: This presentation does not represent the views of the Board and Management of the Ecobank Transnational Inc.

Ecobank Network

2

Proportion of Population Aged Below 30 & Median Age by Region, 2011

3

% Population of Aged below 30

Median age

Source: Euromonitor International from national statistics/UN

Evolving Agribusiness and Rural society

4

Rural market transformation & transition

Rural modernisation & integration into national economy (Rural industrialisation & development)

Traditional practices

Agribusiness and innovative mechanisation

Stakeholders’ Role

Policy approach

Administration/Implementation

Private sector (Banks)

5

•Incentives for rural establishment

•Aligning and incorporating the Articles of the African Youth Charter in the CAADP implementation process•Creating enabling environment for rural industrial development

•Contribute to dialogue on development•Promote social inclusive financing•Environmental and Social responsive

Banking approach

Creating Economic Value

Fostering financial integration & Factoring socio-environmental concerns

Partnership for Development

6

Credit facility to agribusiness value chain actors

•Banking services for unbanked and less banked communities •Environmental and Social Management System

AU, ECOWAS, OECD, UNECA, AFDB, USAID

Banking inclusive business products

7

8

Conclusion

• Traditional agricultural practices should provide a lever for youth in agribusiness

• Youth in agriculture can be sustained through mechanisation and innovative approach

• Improvement in agricultural production efficiencies will transform rural market and prepares rural society for modernisation and development

• Government and private sectors alike have vital responsibilities in increasing agricultural productivity and economic returns

• Banks are poised to collaborate in strengthening youth in agriculture and rural development

9

Thank you