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Agrinvest Zimbabwe: Supporting Jobs for Youth through Private Investment in Agricultural Value Chains - TCP/ZIM/3702

Year of publication 2022

Place of publication Rome, Italy ;

Pages 9

Publisher FAO ;

Product type Project

Synopsis (short abstract) The bedrock of Zimbabwe’s economy is its agricultural sector, which also employs around 70 percent of the population Zimbabwe is a youthful country, with approximately 67 7 percent of the total population under the age of 35 Considering the high unemployment levels, in particular of youth, the Government of Zimbabwe places the development of the country’s agrifood system at the heart of any strategy aiming to deliver employment and entrepreneurship opportunities for young people in both rural and urban areas Development finance institutions ( and donors are increasingly aware that in order to achieve the SDGs, the amount of Official Development Assistance ( provided is well below the total funding needed To fill this financial gap, DFIs and donors have started to use ( ODA funds, to create blended financial instruments, which incentivize the mobilization of private investment in agriculture Investment opportunities exist along the value chains however, the promotion of sustainable private investment in priority agrifood sectors, as well as inputs and services sectors associated with them, need to embrace a two pronged approach This involves i providing support for developing bankable investment projects that can contribute to a higher competitiveness of priority agrifood subsectors and ii) supporting innovative approaches to reduce the main risk elements in creating an enabling environment associated with these investments Against this background, the project aimed to implement the AgrInvest concept (a blended FAO finance initiative that uses public funding to attract sustainable private investments in the agrifood sector), to facilitate improvements in the enabling environment by tackling the risks associated with agricultural investment, such as inconsistent and unpredictable agricultural and/or subsector policies, or the existence of legislative, regulatory or other institutional bottlenecks.

Language English

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    Given the young populations and agro based economies of Angola, Eswatini and Zimbabwe, the development of the countries’ agrifood systems is at the heart of any strategy aiming to provide employment and entrepreneurship opportunities for young people in both rural and urban areas In Angola, where 90 percent of the population is employed by the agriculture sector and food imports cost an annual USD 2 5 billion, the Government is seeking support to diversify its economy and reduce food imports The National Development Plan 2018 2022 calls for diversification of the economy, increased public and private investment in agriculture and the agribusiness sector, and value chain development inclusive of smallholder farmers.
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