Browsing: food insecurity in Africa

Africa's cold storage industry hotbeds

Riding the cold wave: Africa’s cold chain market battles food insecurity

Investing
  • The Middle East and Africa cold chain market will expand by 7.4% to $35.1 Billion by 2028.
  • Over one third of food from Africa is lost to spoilage or wastage partly due to poor storage capacity.
  • Studies show that leading cause of food wastage is spoilage due to lack of cold storage systems.

The demand for cold storage supply chain products in Africa is rapidly growing. The segment has been tipped as critical in solving the food insecurity crisis ravaging the continent of 1.4 billion people. Rise of cold storage systems is also attributable to growing demand from consumers as Africa's urbanization and modernization intensifies.

According to Market Data Forecast, the size of the Middle East and Africa (MEA) cold chain market will expand at a CAGR of 7.4 per cent to $35.1 billion by 2028 from 23.8B of 2022. The bellwether for this trajectory has been the rapid emergence…

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Agri-tech is redefining agribusiness in Africa

Investing in agri-tech startups in Africa will power agriculture

Investing

Increased investments in agri-business will see Agriculture Technology (Agri-Tech) in Africa record massive growth. The food security crisis has ravaged many African countries. Consequently, the situation has attracted investor interest. This has instigated a digital revolution promoting the Agri-tech start-up ecosystem. Agri-tech startups remain instrumental in developing the agribusiness sector. The sector wields enormous economic potential for the continent.…

Africa remains heavily indebted and is striving to service her debts

Calming Africa’s Perfect Storm of Challenges

Industry and Trade

Africa has stumbled headlong into what has been called the ‘perfect storm’’. From the heavy burden of debt servicing, the instability created by election cycles, geopolitics and war as well as the lingering threat of food insecurity caused by conflict and adverse weather conditions. Seemingly, the proverbial pandora’s box of horrors has been let ajar and the evils through different manifestations are ravaging the continent from all corners. However, as the Greek myth holds, only one thing is said to have been left in the box after it was shut; hope. Amid all the daunting troubles Africa is facing, hope for a better and prosperous Africa is the fuel to help the continent weather these ominous challenges.

We explore some of these existential challenges and some plausible solutions thereof.

Political Instability in Africa

Africa is no stranger to political instability and civil unrest which has stagnated most economies and impeded…

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No brakes for the accelerating food insecurity in Africa. www.theexchange.africa

No brakes for the accelerating food insecurity in Africa

Industry and Trade
  • AfDB aims to assist 40 million farmers in raising their production of heat-resistant wheat varieties, soybeans, and rice, among other crops, to feed around 200 million people
  • In Africa, climate change threatens to eat into 15 per cent of Africa’s gross domestic product (GDP) by 2030
  • Sanctions against Russia have dealt a blow to grain shipments at a period when universal stockpiles were already experiencing a stretch

War victims are sometimes found away from the battlefield. This is the case with Russia’s brutal invasion of Ukraine. Even as the fighting there causes immeasurable destruction and suffering, it also threatens a silent crisis in Africa.

The conflict has sent the food prices in Africa over the roof, making life further complicated for the 283 million already threatened by hunger within the continent. The war in Ukraine has also laid bare Africa’s unending reliance on food imports. Wheat imports represent about 90 …