Browsing: climate smart agriculture in Rwanda

Africa's food and agriculture market

Africa’s quest to unlock trillion-dollar food economy potential

Industry and Trade
  • Africa’s food and agriculture market could reach $1 trillion in 2030 from $280 billion in 2023, with over $60 billion spent on food imports yearly.
  • Access to credit poses a significant barrier to private sector investment in Africa’s agriculture sector
  • Food and Agriculture Organization (FAO) highlights that around 30 to 40 per cent of food produced in Africa is lost before it reaches consumers.

Africa is a sleeping giant, at least from the agricultural sector. The region’s food and agriculture market could reach $1 trillion from $280 billion in 2023, with over $60 billion spent on food imports yearly.

The numbers in the latter are self-explanatory agriculture in Africa is not only a staple economic activity for most of the population but the region at large.

However, the sector is faced with both promising leads of growth but, at the same time, hurdles, including lack of proper funding leading to …

Rwanda embraces the 4IR

Becoming Africa’s Singapore: Rwanda banks on technology to rebuild its economy

Economic Growth

Albeit landlocked, Rwanda’s economy has been growing exponentially but was impeded in 2020, by the Covid-19 pandemic and further exacerbated by the Russian-Ukraine war, which has been ongoing since February 2022.

Currently, the country’s debt-to-GDP ratio is at 74.8 per cent.

Rwanda is among the countries in the Great Lakes region of East–Central Africa, sandwiched between Uganda, the Democratic Republic of the Congo (DRC), Burundi, and Tanzania. The rate of economic progress registered hitherto, has led the international community to call Rwanda an ‘emerging Asian tiger.’

This economic rehabilitation and prosperity, has been especially spearheaded by the country’s long-standing president Paul Kagame, who in 2018 was named ‘African of the Year’ by Forbes Magazine. He has on several occasions since his ascension to power in 2000, expressed his desire to transform Rwanda into the ‘Singapore of Africa,’ a stable gateway of trade for the entire continent.…

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