About the Event
Why West Africa?
West Africa is a major force in global agribusiness trade. West African countries collectively supply two thirds of the world's cocoa crop and 35-40% of global cashew production. The region is also a major provider of the world’s peanuts, sorghum, cotton, rice, cassava, coffee, and livestock. Agriculture accounts for 35% of the region’s GDP and employs 60% of the active labour force.
Despite this, many West African countries have been increasingly relying on food imports to meet the demands of their burgeoning urban food markets. According to the FAO West Africa’s population is expected to grow to 490 million by 2030 and has the highest rates of urbanisation in sub-Saharan Africa. West African policy makers and their development partners now recognize the sector’s vital importance for broad-based growth, food security, nutrition and poverty reduction.
Our conference aims to explore the challenges and opportunities associated with boosting agribusiness in this region, with particular attention to the role that the fertilizer supply chain can take. West Africa boasts enormous hydrocarbon and mineral wealth that includes huge resources of fertilizer raw materials. We plan to explore the entire fertilizer supply chain in the region. Starting with the ammonia projects in Nigeria and phosphate mines in Senegal, the bottlenecks in trade routes as fertilizers enter the region’s agricultural centres and how to create increase demand among West African farmers.
The conference is being held in Accra, Ghana, a key hub for West Africa regional trade. Since 2008 Ghana has implemented a Fertiliser Subsidy Programme, aimed at using fertiliser to boost overall crop productivity. Ghana’s new government has set the ambitious plans to continue investing in agriculture in order to become an agribusiness leader for the West African region. President Nana Akufo-Addo was elected in December on a platform of boosting the agricultural sector and creating jobs. The nation seeks to produce more of its own food to cut the cost of imports.
In January, Ghana’s Minister of Food and Agriculture Owusu Afriyie Akoto was quoted by Bloomberg saying: “The target is to create 750,000 jobs in the coming season on the farms and then next year we are going to double that to 1.5 million jobs.” Among the objectives for reaching this aim, are plans to supply farmers with better seed and fertilizers while training them in growing techniques.
This event offers participants a timely chance to make new connections in hard to reach and difficult to understand markets in West Africa. and gain first-hand knowledge on the progress of the African fertilizer projects that will be impacting global prices.
Why should you attend:
Delegates will benefit from three days of dedicated networking opportunities and a comprehensive programme of high level presentations covering key market trends, project updates and supply and demand forecasts.
Drawing on CRU’s technical event experience, the Africa Fertilizer Agribusiness conference will also feature an extensive exhibition of the world’s cutting edge fertilizer and agribusiness technologies and services.