Agriculture is instrumental in Africa’s poverty: it must also be instrumental in its wealth. Only through agricultural regeneration can growth, diversification and job creation occur for African economies, for no region of the world has ever industrialised without the agricultural sector being first transformed.
In short, the future of Africa depends on agriculture. But Africa cannot develop quickly if farming remains largely a subsistence activity. 60% of the population are involved in farming, yet it accounts for less than one seventh of its GDP, and African agricultural yield is the lowest in the world.
So Africa is late in developing but even this very fact offers a large scale opportunity for international investors and big-ticket entrepreneurs.
Illustration Photo: Yam farmers in YIIFSWA field at Idah, Kogi State, Nigeria (credits: International Institute of Tropical Agriculture / Flickr Creative Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))