Rwandan agribusiness ventures to receive backing from FAO, JR Farms through Green Agribusiness Fund

RWANDA – The Food and Agriculture Organization of the United Nations (FAO) in Rwanda has signed an agreement with JR Farms Limited to promote youth involvement in agriculture and create decent work opportunities. 

JR Farms is a Rwandan led agri-enterprise operating in Rwanda, Nigeria and Zambia in the areas of food processing and retailing, agro commodity trading and consulting.

Its corporate goals are to ensure food security, end hunger in Africa and create decent jobs for Africa’s women and young people.

FAO and JR Farms have joined forces with the aim of developing youth-led agriculture enterprises by providing equity funds, through JR Farms’ Green Agribusiness Fund (GAF), to selected youth-led agribusinesses involved in different agri-food value chains.

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The initiative is holistic, it does not only offer funding but other salient support such as capacity building, training and exposure which are necessary for success in agribusiness.

“As a youth-to-youth initiative, the Green Agribusiness Fund will play an important role in creating opportunities for youth in agribusiness in Africa.

“This is why we are excited about this partnership with FAO which will position more young people to engage in agribusiness,” Rotimi Opeyemi Olawale, JR Farms Chief Executive Officer said.

The alliance with JR Farms is one of the outcomes of the Africa Regional Conference on Youth Employment held in Kigali, Rwanda in 2018, and organized by FAO in conjunction with the African Union and the Government of Rwanda.

“As a youth-to-youth initiative, the Green Agribusiness Fund will play an important role in creating opportunities for youth in agribusiness in Africa.”

Rotimi Opeyemi Olawale – JR Farms Chief Executive Officer

The partnership is also in line with FAO’s new Strategy for Private Sector Engagement (2021-2025), endorsed by the FAO Council in December2020, and which promotes more diverse and inclusive partnerships, more cooperation at the local level and more attention to micro, small-and-medium enterprises (MSMEs).

“This important partnership with JR Farms will open up new opportunities for young people in agriculture and agribusiness to create decent work, improve livelihoods and boost food security,” FAO Representative in Rwanda Gualbert Gbehounou said.

Its targeted agribusinesses ventures include those focusing on post-harvest losses, climate smart farming, urban farming, seed and soil improvement, precision farming, access to market and agro commodity trading and others.

The collaboration further contributes to a broader multi-country FAO project in Guatemala, Kenya, Rwanda, Senegal and Uganda and that supports countries to adopt more youth-inclusive agri-food system development policies, strategies and programmes.

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In other related news JR Farms has injected about US$500, 000 in the establishment of a stock feed-processing plant in Zambia.

The facility which is expected to be operational in the first quarter of this year, will focus on producing affordable livestock feed for poultry, cattle and goats among others.

It will have a processing capacity of 20 tonnes per hour and avail 600 direct and indirect jobs for the local people in Makeni, Lusaka.

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