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I SEE MONEY IN AFRICA I SEE MONEY IN AFRICA

investment in basic storage, and up to $65 billion in
irrigation. The same research showed that Africa needs
I SEE MONEY IN AFRICA’S improvement in basic infrastructures and policies. 10

AGRICULTURAL SECTOR If you are thinking of how you can leverage these gaps to

proffer a solution to Africa’s agricultural sector needs, you
don’t have to look further. Here are some sub-sectors you can
Agriculture contributes about 23% to Africa’s tap into to start making your contribution:
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GDP and is Africa’s largest employer. The
continent houses up to 60% of the world’s 1. Supply and lease land clearing equipment/machinery
2. Supply high yield seedlings and animals
arable land, yet most of its farms perform at
9 3. Establish agricultural development training centres
less than half of their potential.
4. Manufacture, supply, and maintain agricultural
machinery
Several obstacles limit the success of small
5. Supply animal feed mills
and large-scale agricultural development
6. Set up food processing factories
in Africa. These obstacles can be categorized
7. Set up an agro products transport company
into (1) unfavourable climate conditions
8. Agro products sales and marketing
(aggravated by global warming), (2) absence
9. Agro business development consultant
of modern technology and education, (3) 10. Provide warehousing facilities for agro products
inadequate or no financing, and (4) inferior 11. Marketing and PR for agribusinesses
policy and infrastructure. 12. Establish an agro funding agency
13. Provide and instal renewable power supply for
A 2010 published research showed that agribusinesses
realising Sub-Saharan Africa’s full 14. Farm irrigation, system development, and maintenance
agricultural potential requires 8x fertilizer, 15. Agroproducts preservation and packaging
6x improved seed, at least $8 billion 16. Supply skilled and unskilled labour in the agricultural

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8 Liangzhi You et al., What is the irrigation potential of Africa?, International Food Policy Research Institute, June 2010, ifpri.org
Retrieved from https://www.mckinsey.com/industries/agriculture/our-insights/winning-in-africas-agricultural-
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market
Retrieved from https://www.allaboutfeed.net/Home/General/2019/7/Africa-Untapped-potential-for-agriculture-
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