Africa Agriculture Status Report 2017
Africa's food market may be worth more than US$1 trillion each year by 2030, according to this latest report on the state of agriculture in Africa.
Africa’s food market may be worth more than US$1 trillion each year by 2030, according to the latest Africa Agriculture Status Report. This will be largely driven by entrepreneurs and the free market that is driving the continent’s economic growth from food production, as well as businesses waking up to opportunities of a rapidly growing food market. Agriculture will be Africa’s quiet revolution, with a focus on SMEs and smallholder farmers creating the high productivity jobs and sustainable economic growth that failed to materialise from mineral deposits and increased urbanisation, reads the report. A lack of proper investment into food system has resulted in 37 per cent of the African population to live in urban centres, where most jobs have been created in lower paid, less productive services. The report recommends that if food systems are planned correctly, the picture could dramatically change. Africa has the latent natural resources, skills, human and land capacity to tip the balance of payments and move from importer to exporter by eating food made in Africa. This report shows us that agriculture involving an inclusive transformation that goes beyond the farm to agri-businesses will be Africa’s surest and fastest path to that new level of prosperity.