Services Areas / AGRICULTURE
African governments are focused on food security and agricultural growth to feed rapidly growing and changing urban markets, and investors are eyeing unexplored opportunities on the continent to feed a global population expected to reach nine billion by 2050. Africa’s agriculture sector generates on average 29% of gross domestic product (GDP), employs 65% of the labour force in agriculture-based countries, and plays a crucial role in generating overall growth and global prosperity.
While the traditional obstacles to boosting agricultural output in Africa have been well documented (including a deficit of distribution infrastructure and trade barriers among others), several African governments are making substantial and successful efforts in surmounting these shortcomings. As these barriers are overcome and agricultural output is increased, there’ll be a business opportunity for the manufacture and marketing of products such as fertilizers, pesticides and seeds as well as a demand for food processing services such as grain refining.
Africa is ripe for a green revolution, and the continent is currently home to 60% of the world’s total uncultivated, arable land. For organisations wishing to penetrate into this sector, Oakmark can help to facilitate your entry.
For more information or consultation, please do get in touch.