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Browsing: Farmers in Africa
- 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 …