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Jifunze Kilimo na Ufugaji

Posted at
10. May, 16:45
Other Dar es Salaam District Dar Es Salaam

WHATEVER BUSINESS YOU ARE DOING NOW, DO NOT FORGET TO INVEST IN AGRIBUSINESS.* Did you know that Africa’s agribusiness industry will be worth $1 trillion by 2030! That’s huge! If this projection by the UN comes true, agribusiness will become the ‘new oil’ in Africa!

Did you know that Africa’s richest man, Aliko Dangote, recently invested $1 billion in rice production? Every year, Africa spends billions of dollars on rice imports, and Dangote surely wants a juicy slice of the market.

Did you know that since 2009, investors in the USA, Europe, Middle East and Asia have been buying and leasing millions of hectares of African land for agricultural purposes? Many people may not know it but there’s a trend of serious land grabbing by foreign interests for African land.

Did you know that Foreign Direct Investment in African agribusiness was $10 billion in 2010 and is projected to reach $45 billion by 2020? Agriculture is taking a huge leap in Africa and investors want a piece of the action too.

In the light of all these facts, how come the rich and wealthy folks are investing in Africa’s agribusiness industry while the majority of Africans are largely ignorant about the amazing potentials of agriculture on the continent?

Five reasons why agriculture is the biggest business opportunity right now in Africa. I’ll tell you why many of the world’s top business people are investing in African agribusiness;

  1. Africa has abundant and cheap agricultural land.
  2. Africa has a ready market and high demand for agricultural produce.
  3. Improved varieties and farm practices are changing the game across Africa.
  4. Agribusiness is very scalable. You can start with what you have!
  5. Agribusiness is a huge job creator.
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