Mr Edson Mpyisi, Principal Agricultural Economist on Monday said the African Development Bank (AFDB), would soon set up a fund to provide support to start-up businesses for African youths who want to venture into agriculture.
He said proposed fund dubbed the “Youth Agripreneurial Fund” would provide seed capital at a low interest rate to address challenges in the sector.
He said the move was crucial because most of the youth who wanted to venture into agriculture complained of lack of financial support and the unwillingness of the banks to provide credit facilities to them.
Mr Mpyisi told the Ghana News Agency in an interview ahead of the African Green Revolution Forum to be organised from September 4 to 8 in Abidjan, Ivory Coast on the theme: “ Accelerating Africa’s Path to Prosperity: Growing Inclusion Economics and Jobs through Agriculture”.
The Forum is an annual platform established in 2010 for global and African leaders to develop actionable plans to move African agriculture forward and achieve green revolution in Africa.
The forum would provide a session for youth in agribusiness and entrepreneurship, research and technology, access to financing, how to develop enterprise, and a youth fair where the youth would present their services to the participants for business to business networks.
source: newsghana.com.gh
