African economies look up to ASIAEXPO 2024 to boost agribusiness'

Africa
By Okumu Modachi | Sep 14, 2024

Kenya will be among the tcountries seeking to benefit from new technologies in agriculture in Russia. [Stock Photo]

Kenya will be among the countries seeking to benefit from new technologies in agriculture in Russia in an agribusiness exhibition event that will bring global economies together next month.

The ASIAEXPO 2024, is a platform billed as integrator of international cooperation in the agricultural sector in the context of global reorientation of markets and will host countries dependent on agriculture to spur their economic growth.

Chief Executive Officer of ASIAEXPO Igor Milovanov said the exhibition is promising cooperation between Russia and African countries in several areas of agriculture.

“The exhibition will be a platform for African countries to get new methods of boosting food production in their countries because most are reliant on agriculture for sustainability,” said Igor.

Agriculture companies from Russia and other Asian states will display their latest technologies being used in dairy, poultry, horticulture and manufacturing of fertilizers.

“As a platform for integrators of international cooperation in the agricultural sector in the context of global reorientation of markets, there will be an International Agricultural Congress and exhibition with up to more than 10 000 participants,” explained Igor.

The ASIAEXPO 2024 International Agricultural Congress will be held from October 23 to 25, 2024 at the Sirius Science and Arts Park, Exhibition Center, Siruis Federal Territory, in Sochi, Russia on the sidelines of the BRICS summit which will take place in the same period.

He further indicated that the exhibition brings together several industry areas and more than 350 exhibitors as it also accords them a forum for business and idea exchange to enable them enter 6 global markets and access directly to manufacturers without intermediaries.

Up to 10 countries will send delegations to the event. They include Gabon, Cameroon, South Africa, Kenya, Tanzania, Ethiopia and Nigeria, Cape Verde and Mali.

 “Another goal of the exhibition is to show African business promising areas of cooperation in agricultural industries that could contribute to economic development and improve living conditions on the continent. The Russian participants will be happy to share their experience and speak about the success stories that their projects have had in the international space” added Igor.

The ASIAEXPO 2024 will take place for three days from October 23 to 25 in Sirius University of Science and Technology where there will be presentations by practitioners and experts of the agro-industrial complex of Russia and countries of Asia, Africa and the Middle East. “This is an exchange of best practices and discussion of industry trends and challenges at the highest level.”

According to Roll Stephane Ngomat, the Chairperson of African Peace and Security Union (APSU) an official partner of ASIAEXPO2024, there is a need for Africa to self-dependence through agriculture.

“A prosperous Africa based on inclusive growth and sustainable development is possible through a radical transformation of African Agriculture to enable the continent to feed itself and be a major player as a net food exporter,” said Ngomat.

Ngomat also added that self-sufficiency in food is a key factor and solution for peace and stability in the Continent.  He concluded that African Governments should look at establishing with their Russian counterpart the basis of a win -win cooperation in a wide range of areas including trade, agriculture, food security, training, skills transfer, sharing of science, technology and innovation.

The event comes as Moscow seeks to increase its presence and influence in Africa, early this year, the Vladmir Putin led country Russia announced it had shipped 200,000 tonnes of free grain to six African countries.

Russia shipped 50,000 tonnes each to Somalia and the Central African Republic and 25,000 tonnes each to Mali, Burkina Faso, Zimbabwe and Eritrea.

Putin had promised to deliver free grain to the six countries at a summit with African leaders soon after Moscow withdrew from a deal that had allowed Ukraine to ship grain from its Black Sea ports despite the war Russia has been waging.

The deal, known as the Black Sea grain initiative, had helped lower prices on the global market. But Putin argued it was failing to get supplies to the countries in most urgent need.

Share this story
William Ruto hit by perfect economic storm
Kenya's economy is slowing down, KRA is struggling to meet its revenue targets, and the private sector is freezing hiring and cutting jobs.
Tea factories earn Sh915.2 million from weekly auction
Mombasa tea auction sold tea worth Sh915.2 million in the last week’s sale where the buyers presented 2,448,238 kgs.
State steps up efforts to revive leather sector with export plan
Livestock Development PS Jonathan Mueke says the government is working on securing new international markets for locally produced hides and skins.
Agriculture output up 34pc as jobless graduates join sector
Labour output in the agricultural sector has increased by over 30 per cent over the last two decades, which could be linked to unemployment rates in the country.
Mbadi blames revenue shortfall on KRA's outdated tax systems
Treasury CS John Mbadi said outdated KRA systems are some of the challenges why the taxman is not collecting revenue commensurate to the size of Kenya’s economy.
.
RECOMMENDED NEWS