Tag Archives: African economic growth
Agribusinesses and African Smallholders Seize $1 Trillion Food Market as Meals Replace Minerals to Restart African Economic Growth, New Report
The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made in Africa. This is the main conclusion from the latest Africa Agriculture Status Report (AASR) (AGRA.org/aasr2017), launched today at this year’s African Green Revolution Forum (AGRF) in Cote d’Ivoire.
In the period since independence in the 1950s, Africa has undergone profound social, cultural, economic and political changes. Some inherited and historically rootless colonialist political and social systems have collapsed, been transcended and reconstituted. Different political systems – single party rule, personal rule and military governments have come and gone.