The agriculture sector in Africa is a crucial component of the continent's economy, providing food, employment, and income to millions of people. Agriculture contributes an estimated 23% of Africa's economy and employs 60% of the continent's labour force. From about $300 billion in 2022, it is projected to reach $1 trillion by 2030.
Despite its significance, the agriculture sector in Africa faces numerous challenges, including limited access to markets, finance, and technology, as well as environmental degradation and land degradation.
Nigeria has one of the largest agricultural sectors in Africa with over 148 million livestock and 180 million poultry. South Africa has the most mechanised agriculture in Africa with the highest productivity rates and well-developed markets and policies. Kenya is known for its coffee and horticulture production which is widely consumed abroad. Ghana and the Ivory Coast are the largest producers of cocoa, accounting for over 60% of world production at over 2.5 million tons per year.
Recently, there has been increasing investment to mechanise and improve the productivity of African agriculture, strengthening value chains, increasing access to markets and finance, and increasing produce quality. The advent of the African Continental Free Trade Area (AfCFTA) in recent years is expected to integrate African supply chains further and open new markets to farmers across the continent. Consequently, it will result in the growth of the industry across the continent.
Last Updated: 1 March 2023
Our range of services is immense allowing us to provide end-to-end solutions across the full value stack – helping our customers realise their business imperatives/goals
We work together with leaders and decision makers who are ready to achieve extraordinary results.