It is a huge opportunity. According to the United Nations' Food & Agriculture Organisation (FAO), $35 billion worth of agricultural goods is imported into Africa annually. With a growing middle class and a population set to reach two billion by 2050, demand for more and better quality food will continue to rise.
There are large areas of arable land and plentiful water resources in many parts of Africa. Surely investors can play a role in reversing the flow of food imports? With the right types of capital and expertise, Africa should be able to feed itself and sell a surplus to the rest of the world.
Read the full article by AgDevCo's Chris Isaac on the European Venture Philanthropy Association website.