Enhancing Agro-industrialisation in the COMESA region is important because increasing agricultural production alone can not bring about the desired objectives of the SDGs of eliminating poverty, ending hunger, achieving food security and improved nutrition and promoting sustainable agriculture. Agribusiness which ranges from SMEs to Transnational companies, together with agriculture are projected to be a US$ 1 trillion industry in sub-Saharan Africa by 2030 compared to US$13 billion in 2010, and as such are indispensable elements of economic transformation and development in the COMESA region (WB 2013)
Agribusiness can play a critical role in accelerating economic development through the creation of agro-based industries giving rise to increased employment and incomes. successful agro-related investments in turn stimulate agricultural growth through the provision of new markets and the development of a robust input supply sector. the past decade has seen an increase in interest from foreign investors and investment funds seeking alternatives to Latin America and Asia. Most African countries have a comparative advantage in agriculture and African has more than half of the world's arable land, yet has unused land and untapped water resources. All of which makes it an attractive destination for investment and agro-industrialisation.
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