Africa’s farmers and agribusinesses could tap into a trillion-dollar market by 2030 if they can secure access to significantly more capital and infrastructure, including irrigation, to grow their food and compete in the global market. The new World Bank report, “Growing Africa: Unlocking the Potential of Agribusiness, calls for governments to work side-by-side with agribusinesses to link farmers with consumers in an increasingly urbanized Africa.
The report calls for a radical rethink on how to help Africa seize it agribusiness opportunity. Currently, agriculture and agribusiness together account for nearly half of Africa’s economic activity.
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