Posts Tagged ‘agriculture’
One of the economies that is eyeing Africa’s agricultural potential is the United Arab Emirates.
“Agricultural hubs are the best way to pull together funding, technology and expertise to help countries organise production.”
“There is a real opportunity to build a business in order to serve the growing local market,” says Riaz Currimjee, partner of Surya Capital.
Africa’s agricultural market could reach $1 trillion over the next two decades.
About three out of four households report to have agriculture as their main activity. Even urban households are still involved in crop production.
A key driver of foreign investment in land, food security is a challenge mankind has been confronted with in various times and places.
It is becoming increasingly necessary for companies to work with smallholders to guarantee supply.
The TMS system is an easy-to-use, time saving means to electronically record and budget for labour-related costs on a farm.
African governments should use the proceeds from land leased to foreign investors to subsidise the cost to local farmers of modernising their farming methods.
As countries develop, both the share and number of jobs in agriculture generally decline. Africa can, however, defy this trend.
Sub-Saharan Africa, where agricultural infrastructure is currently grossly underdeveloped, has a unique opportunity to leapfrog old technologies and install the latest state-of-the-art equipment.
Mohit Arora, head of agriculture at Standard Bank Africa, believes small-scale farmers can play a central role in transforming Africa’s agricultural output.
“Simply increasing yields and land under cultivation could lead to a world where buying steak in Europe is cheap, while millions of Africans continue to go hungry or even starve.”
Africa is today a core market for John Deere with focused ambitions to unlock mechanisation potential in sub Sahara Africa.
The need for Africa to diversify its economy from commodities alone has been mentioned constantly by many economic commentators.