Agriculture is a key source of diversification and
investment opportunity. Not only does agriculture account for 60% of the entire
continent’s jobs, but the sub-Saharan region contains 200-million hectares of
untilled land (about half the untilled land of the entire globe) that is ripe
for cultivation. in kenya for example only 20% of the land is used out of the 20% 12% falls into ASAL which 8 % is what is under intensive production.
This creates enormous opportunities for investment across
the value chain: enhancing access to inputs and production technologies,
revitalisation of processing and packaging, as well as retail and marketing. Shifting
demographics also provide ample runway for investment. Rapid growth in
population and rising urbanisation rates necessitate more production and better
farm-to-fork linkages.
In kenya, agriculture has been earmarked as a top
priority — something investors should quickly position themselves to benefit
from. kenya’s National Plan includes strategies for improving access to land and
finance, leveraging partnerships among the government, private investors, and
international finance institutions.Several private-public partnerships have already come to
fruition, signalling the government’s focus on revitalising the agriculture
sector. In 2010, the government is investing in a fertiliser plant . this is just a few tips of what agribusiness investment could be in Africa
by Nckly kipkorir
nicklykipkorir@gmail.com
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