Original research article
Public-Private Partnerships for Inclusive Agribusiness Sustainability in Africa
2018, 83 (3) p. 251-261
Abstract
This paper examines important areas where Public-Private Partnerships (PPPs) have been effective in agribusiness and agro-industrial development, and assesses whether PPPs are being increasingly promoted as a mechanism for pooling the needed finance in agribusiness. The study explores the current state of knowledge in relation to PPPs. It also reviews some of the relevant discussions on the use of PPP in agribusiness in the last decade. PPPs are increasingly used in joint agricultural research, innovation and technology transfer, building and upgrading market infrastructure, and delivery of business development services to farmers, small and medium enterprises. The use of PPPs has the potential of propelling sustainable and inclusive agribusiness development in African countries despite the outstanding challenges. Strong political will, good governance, and provision of enabling economic and regulatory environment by the public sector for the private sector to operate are major drivers of success of PPPs implementation in agribusiness. Development of agribusiness and agro-industries in African countries require a substantial infusion of both fixed and working capitals from private sector which are difficult for the public sector alone to provide.
Keywords
Agri-PPPs, agricultural transformation, value based food chain, inclusive economic growth, multi-stakeholder structures, sustainable agriculture
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