Following the 2009 Maputo Accords, NEPAD initiated the Comprehensive Africa Agriculture Development Program (or CAADP), a continent-wide compact to reduce poverty and hunger by increasing state investment in agriculture over a ten-year period, with two basic metrics: raise public ag spending to 10% of GDP and raise ag growth rates to 6% by 2020. Participating countries were encouraged to tailor their growth strategies and investment plans accordingly, and solicit the views of farmers' associations, civil society and the private sector for an inclusive national approach with popular support.
DR Congo announced its National Investment Plan for Agriculture (PNIA) last month in Kinshasa, with great fanfare and expense. A total of $5,730m is budgeted, but only $857m had been committed (93% from donors, 7% from GDRC) by the closing ceremony. So where were the investors? In interviews and public pronouncements, government officials are confident that their chosen path, the PNIA, will attract foreign investment and will modernize and monetize Congo’s vast agricultural potential, thus transforming the lives of the country's rural poor, nearly all of whom are isolated, subsistence farmers.
The other main deterrent for foreign investors is the cost of commerce itself which, after the endless hoops and ladders of business registration, is so high that local produce cannot compete with cheap imports. In the country’s urban centers, imported versions of Congo’s basic foodstuffs (palm oil, maize, beans, sugar, rice, and wheat flour) outnumber local varieties, except for cassava.