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Hub supports B2B regional grain trade linkages at 7th Africa Grain Trade Summit

Published on October 05, 2017

B2B_AGTS.jpgMore than 200 private sector business leaders, business influencers, policy makers, ministers, researchers and development partners from across the African continent and beyond are currently in Dar es Salaam, Tanzania for this year’s Africa Grain
Trade Summit (AGTS). On its opening day, October 5, industry specialists from the public and private sector led interactive discussions on key issues and emerging trends in the grain trade sector on the continent.

The Hub was a primary sponsor of the opening day business-to-business (B2B) session that sought to strengthen regional
integration and drive business growth. One hundred traders and farmer group representatives participated in the linkage event. The traders were keen to learn more from their counterparts in neighboring states on the opportunities available to them in the product and service sectors. Tanzanian traders were pleased to learn that they had a readily available market for soya beans with Ugandan poultry farmers who was seeking feed for their businesses in Kampala.

The Hub’s Director of Agriculture and Agribusiness, Yohannes Assefa, opened the session with the Hub’s vision for facilitating trade linkages:

“We believe there is a great amount of food produced in the region, and if food is allowed to move freely, the region will be closer so far to achieving food security.”

In the past two years, the Hub has facilitated $200 million worth of grain trade in the region, and hopes to achieve higher impact through such initiatives as the AGTS B2B session.

Anemaw Alemu, CEO Anemaw Alemu Import and Export company, an Ethiopian firm which recently participated in a multi-million dollar maize import deal in Kenya, said, “This is my third B2B meeting; the first was in Ethiopia, and then Kenya…So far, we are facing challenges due to the government ban in maize trade (in Tanzania), but I am hoping to make trade linkages with other partners in the region.”

The Eastern Africa Grain Council (EAGC), a Hub partner, organizes the AGTS every other year to facilitate agricultural stakeholder discussion of the issues and challenges facing the grain sector with a view to creating frameworks and policies necessary to boosting food security and trade in the region.