PM Modi held meetings with Stephen Schwarzman, Chairman, CEO of Blackstone; Vivek Lall, Chief Executive of General Atomics; Mark Widmar, CEO of First Solar; Shantanu Narayen, President and CEO of Adobe; and Cristiano Amon, CEO of Qualcomm
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March 22, 2021 4:22 pm
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Category: Business News
Experts say financing agribusiness can increase the added value of raw materials; ensure food security and strengthen rural economies
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Access to finance emerged as the greatest priority for agribusinesses in Africa and cost of finance cited as the biggest impediments, a new survey has revealed.
This is not surprising, given that across the continent less than five per cent of commercial bank lending goes to agribusinesses.
The inaugural ‘Africa Agribusiness Outlook’ has noted that the issue is not just about access to finance, it is about the cost of finance and availability of financial instruments that are adapted for the agricultural sector.