East African Trends: A focus on East Africa’s agribusiness investments

0

The East African region is primarily agricultural-based with the sector contributing an average of two-thirds of GDP and providing jobs to the majority of citizens. It is a key tax earner for governments and serves as a solid base under which the region’s industries are based. Agribusiness contributes about 25 per cent of Africa’s GDP and a staggering 70 percent of its employment.

Global food demand is expected to increase by somewhere between 59 percent and 98 percent by 2050 as the world population reaches an estimated 9.7 billion.

Most of the region's countries have an ideal climatic condition for agriculture and mainly rely on rain-fed agriculture. Kenya, the most developed economy in the region which interestingly has a diversified economy more than just agriculture is least endowed in rain-fed agriculture compared to Tanzania, Rwanda, and Uganda.

Subscribe to unlock this article

Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.

Digital Subscription – Monthly

Monthly renewing
You can cancel anytime.

$5 /Monthly

Digital Subscription – Annually

Monthly renewing
You can cancel anytime.

$40 /Annually

We hope you enjoyed your last Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

ACCESS YOUR
INSIGHT
INTO AFRICA

We hope you enjoyed your third Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

3 OUT OF 3
FREE ARTICLES FOR THIS MONTH

We hope you enjoyed your second Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

2 OUT OF 3
FREE ARTICLES FOR THIS MONTH

We hope you enjoyed your first Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

1 OUT OF 3
FREE ARTICLES FOR THIS MONTH