For instance 1 kg of avocados in Tanzania at around TZS1,500 (US0.65 dollars) can be sold in Europe at $8 to $9. You can also produce cash crops locally that are imported till now like apples. This result in direct sales opportunities for farmers with a crop in high demand and high sales prices.

 

The agriculture sector contributes an estimated over 23% of Africa GDP, employs 60% of its workforce.

By 2030, the food and agriculture market in Africa will rise to $1 trillion (AfDB) from $300 billion in 2022.

 

Africa’s population is growing also (1.4 billion) and the rate of urbanization.This increases demand for food and creates opportunities for agribusiness like food processing, distribution, retail to meet the rising needs of urban consumers.

 

According to Africa agriculture status Report 2022, Africa needs about $40-$70 billion investment from public sector and another $80 billion from private sector annually to sustain food production. The Food imports cost Africa $55 billion a year and expected to double by 2030.

 

The challenges that contribute to current state of food importation include: inadequate infrastructure, lack of financing, technology, market access, political commitment…

 

The opportunities include: infrastructure development, mechanization, supply chain enhancement, diversification for export to global markets, expanded markets with the AfCFTA, funding technology to increase productivity and efficiency, promoting sustainable practices to counter environmental degradation,…

 

There is money to be made for domestic consumption, value additions, export development for increasing global demand…

 

Countries that offers promising opportunities for agricultural investment: 

 

High demand products include: cocoa, coffee, tea, cashews nuts, poultry,fresh fruits, mangoes, oranges, pineapples, avocados, apples, bananas, vegetables, tomatoes, cabbages, oignons, garlic, watermelon, pepper, vanilla, rice, sugarcane, cassava, cloves, maize, sunflower, sweet potatoes, palm oil…

 

In order for Africa to become a powerhouse in production for local consumption, export agricultural products, there is a need for governments commitment to food security, collaboration efforts with the private sector and international organisations.

 

The African agriculture sector needs various support including: technology transfer, knowledge sharing, training in modern farming techniques to enhance productivity and sustainability. Investments in infrastructure like irrigation systems, transportation, and storage facilities can aid in improving supply chains.

Financial assistance, market access, and trade partnerships can facilitate the export of African agricultural products. 

Collaborative efforts in research and development can also offer solutions tailored to Africa’s specific agricultural challenges, fostering growth…

 

While we do our best to provide accurate information, it’s important to do your market research, due diligence, strategic planning 

to invest or trade with Africa.