Posts Tagged ‘agriculture’
Better farming methods and political commitment are ways to improve the agricultural industry.
“There are consumers who are now more aware of the sustainability of their food.”
The growth of supermarkets and restaurant chains across Africa is opening up opportunities for farmers and entrepreneurs.
“We want to industrialise agriculture and make it to be a major revenue earner for us,” says Nigeria’s farming minister Akinwunmi Adesina.
Eleni Gabre-Madhin, founder of the Ethiopia Commodity Exchange, is now aiming for bigger things.
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.