Browsing: Africa Agribusiness Outlook

• Almost half of world’s population in 2050 will be African youth.
• However, unemployment, food insecurity remain a challenge to African youth.
• Political will and financing are the keys to African youth agribusiness development.

As projections continue to show that the youth in Africa will make up half of the entire world in the two and a half decades (25yrs) alone, one wonders what will be the economic health of this half of the world? According to an Oxford Business Group report on agriculture as a business, experts review African youth as both a problem and a solution to global development, now and the not so distant future as well.

Already, youth in Africa suffer from under education or a total lack thereof, they are unemployed, malnourished and they are dependent; if the trend continues, then by 2050, then this distraught condition of today’s African youth will be the sad and …

• Expensive loans remain a significant issue across populations engaged in agriculture in Nigeria, Tanzania and Zambia.
• A report by the Alliance for Green Revolution in Africa (AGRA) says capital injection is a significant strategy agribusinesses use to survive.
• Moreover, agribusinesses face high operational costs from fuel prices and low-profit margins driven by currency devaluations.

The lack of agriculture-friendly financial systems saw agribusinesses turn down expensive loan options in the market, with only 15 per cent taking on commercial capital in 2023 and the rest sourcing capital from friends, family and their business savings.

The incentives by the government channelled towards agriculture failed to adequately cushion Agribusinesses from economic shocks, a new report by Alliance for Green Revolution in Africa (AGRA) has revealed.

The African Agribusiness Outlook survey is conducted annually to gain insights into the sector’s top priorities, how they address challenges, and what SMEs see as opportunities.

A reflection …