PanAAC is a private sector driven platform bringing together agribusiness and agro industry value chains and support services to enable them access information, knowledge, strategic partnerships and financial remediation. PanAAC’s constituents comprise of input suppliers, producer organizations, processors and packagers, logistic providers, wholesalers, retailers, financiers, exporters, and business development providers. PanAAC was formed at a private sector agribusiness meeting in Johannesburg, South Africa in June, 2007 followed by a consolidation meeting in Accra, Ghana in November, 2007. It is registered as not for profit organization in Nairobi, Kenya.

Nearly 50 years after independence, Africa is still desperately grasping at self food sufficiency. This situation, which impedes development on the Continent, mobilized African States and International Organizations (AU, AFDB, FAO, IFAD, ECA, UNIDO) to organize a High Level Conference on the Development of Agribusiness and Agro-industries in Africa in March 2010 in Abuja.