Agriculture

Agriculture

Africa has around 60 percent of uncultivated arable land of the global total. Agriculture as an untapped investment opportunity is set to be a major growth driver over the next few years, surpassing mining and metals. Southeast Asia has become competitive and expensive for doing agribusiness; it is time for Africa to take advantage of this opportunity. Ethiopia spends more than 25% of its budget on agriculture.  As the backbone of Ethiopia’s economy, the sector represents around 50% if GDP and over 85% of export revenues and employment opportunities.

Agriculture In Angola

Angola population; is estimated at 32.87 million. The Republic of Angola is the third largest country in sub-Saharan Africa. The presence of several microclimates allows for a varied agricultural production during the 12 months of the year. With an arable land area of 58 million hectares, of which only 14% is used. In addition, most rural land is not formally registered. Yet, 85% of the labor force is engaged in agricultural production. It is estimate that 80% of food consumed in Angola is imported. Angola agriculture’s contribution to the GDP is only about 10%. However, agriculture is the fastest growing sector and government has been investing heavily in agriculture to tackle food security, reduce costly food imports and boost employment. Increase the proportion of the budget allocated to agriculture from 0.3% in 2018 to 1.6% 2019. Cassava, bananas, maize, and potatoes being the top currently produced agricultural products by quantity. For instance, the Huambo center will focus on beans, corn and soya, while Kwanza Sul will specialize in cocoa, coffee and palm oil.

Where there is demand, there is opportunity.- The future is Africa