Africa is booming, both in business and population terms.As a result, agri businesses and agriculture activities are now considered a key source of economic growth for the continent. With a population that is predicted to reach 2 billion by 2050, representing some 22% of the global population, Africa’s agriculture needs and business opportunities will grow and develop in the coming years. Investment, both local and international, through private equity plans, has facilitated extensive improvements in the country’s infrastructure, crop production and market opportunities.
Africa’s import and export commodities are extensive and diverse, for example, in North Africa the main trade is the import of cereals, with more than 40 million MT being imported annually to make up shortfalls in local production. In West Africa, Ivory Coast produces about 1.5 million MT of cocoa, making it the world’s primary producer. Across Africa, rice imports total 10 million MT. South Africa’s fruits are exported all over the world and in East Africa flowers for export are a key business opportunity – on 2011 Kenya exported more than 120,000 MT of flowers to markets around the globe.
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