The African Food Market
The time has come for making the African food market a catalyst for ending poverty.
Agriculture is imperative for Africa’s commitment to maintain and increase even more its high growth rates, create more jobs, significantly reduce poverty, and grow enough cheap, nutritious food to feed its families, export its surplus crops, while safeguarding the continent’s environment.
Interesting facts about the African food market:
Did you know that Africa alone posses nearly half of uncultivated land perfect for growing food crops, comprising as many as 450 million hectares that are not forested, protected, or densely
Africa uses less than 2% of its renewable water sources, compared to a world average of five%. Its harvests routinely yield far less than their potential and, for mainstay food crops such as maize; the yield gap is as wide as 60% to 80%.
Opportunities fortune African food market lies in tapping into booming markets in rice, maize, soybeans, sugar, palm oil, bio-fuel and feedstock and emerge as major exporters of these commodities on world markets.
With focus on the Sub-Saharan Africa, it is rice, feed grains, poultry, dairy, vegetable oils, horticulture and processed foods that are said to he the most successful in supplying domestic markets as the most dynamic sectors to exploit.
The African food market is well aware of the facts that even as land will be needed for some agribusiness investments, such acquisitions can worsen people’s livelihoods and create local opposition unless land purchases/leases are executed according to ethical and socially responsible standards, including recognising local users’ rights, thorough consultations with local communities, and fair market-rate compensation for gained land.
Developing the African food market implies that citizens will gain increased incomes, as well as increased jobs. This all results in Africa being able to compete on a global scale and compete globally.