This chapter outlines the new policy context and issues for facilitating private agribusiness development, in terms of transforming agriculture into agricultural industry. It places into context the ongoing policy debate and the rationale, issues and framework for promoting agribusiness development in Africa. This policy framework presents a menu of policy options for supporting private industry in overcoming binding constraints on agribusiness development. The key emphasis of the chapter is on stimulating private agribusiness development through selected policy instruments, strategies and institutional support.

Agribusiness for Africa’s Prosperity presents the state-of-the-art of agribusiness development in Africa. This work analyses the challenges, the potential and opportunities of African agribusiness in the current period of dramatic changes in global agro-industrial markets, and builds a case for agribusiness development as a path to Africa’s prosperity.