Agriculture Is Africa s Backbone And Holds Tremendous...

Agriculture is Africa’s backbone and holds tremendous potential as an engine for future growth and job creation in the continent. The sector employs 65-70% of the African workforce and accounts for roughly a third of the continent’s GDP. Women make up more than half of Africa’s farmers and produce about 90% of the continent’s food. Promoting agricultural production is widely regarded as one of the most effective ways to drive inclusive growth and reduce poverty. The experience of countries like Ghana and Uganda over the past decade provides powerful demonstration of the positive impact that sustained agricultural growth can have on poverty reduction. Although Africa has the potential to become a global agricultural powerhouse, it has not realized this potential. The continent has large arable land resources, but nearly 80% remains uncultivated. Instead, Africa imports roughly US$ 30 billion in agricultural products every year and the international competitiveness of African agricultural exports has deteriorated over the past 30 years. The resulting, repeated food crises in many parts of the continent underline the need for urgent action to address the root causes of food insecurity in Africa. Constraints in African Agriculture African countries have come a long way in the last decade, with faster agricultural growth in many countries. However, in a largely globalized world, with powerful emerging markets, there are several hurdles that need to be overcome for AfricanShow MoreRelatedExploring Corporate Strategy - Case164366 Words   |  658 Pagesintended to be a comprehensive collection of teaching material. They have been chosen (or speciï ¬ cally written) to provide readers with a core of cases which, together, cover most of the main issues in the text. 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