Browsing: Small scale agribusinesses

In Sub-Saharan Africa, more than 60 per cent of the population is comprised of small-scale farmers, and the agricultural sector is anticipated to provide 23 per cent of the continent’s GDP, as stated by McKinsey & Company. However, just 3% of the industry is eligible for banking credit, which severely restricts the ability of farmers to expand their businesses or reduce the impact of unfavourable harvests.

“In contemporary times, ensuring food security is a requirement that is both vital and urgent. As a result, we are going to have to step up to the challenge and create chances for growth in Africa’s agriculture value chain. Our collaboration with Mastercard has arrived at the perfect time to hasten the process of providing smallholder farmers in Africa with access to the essential financial services they require.

These services are essential to the achievement of Africa’s full agricultural potential. According to Ade Ayeyemi, …

Until early 2019, Omar al-Bashir was the President of Sudan after holding the position from June 30, 1989, to April 11, 2019.

For the three decades he was president, the country had not witnessed an uprising over food in the scale as huge, and widespread until 2018 when the country erupted in violence over the price of bread.

So dire was the need for bread which was unavailable that people could go for days without bread. Not because they could not afford it but because it was simply not there.

Read: Will digital agriculture bring economic development to Africa?

This scenario sounds like a scene from a movie but it is the reality facing many African countries.

The lack of food is getting worse every passing year due to several factors including poor seeds and the ravaging effects of climate change and soil degradation. With the continent whose agriculture is …