Despite its abundant fertile land, Africa is importing food and, in 2021 alone, received more than R68 billion in farm products from international...
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Source: freepik via Freepik Despite having 60% of the world’s uncultivated arable land, Africa continues to import large amounts of food, with over R68bn in farm products imported in 2021. At the recent Standard Bank ‘Africa Unlocked’ conference in Cape Town, it was highlighted that Africa’s reliance on exporting raw materials and importing finished goods is costing the continent jobs and crucial foreign income. For instance, Ghana, the world’s second-largest cocoa producer, exported an estimated 494,100 metric tonnes of cocoa beans in 2022, much of which is processed into chocolate in Switzerland, rather than being beneficiated locally. A panel of experts, […]
Despite its abundant fertile land, Africa is importing food and, in 2021 alone, received more than R68 billion in farm products from international...
Despite its abundant fertile land, Africa is importing food and, in 2021 alone, received more than R68 billion in farm products from international...
Join us at the 7th Annual African Agri Investment Indaba 2024, hosted by Wesgro in Cape Town, South Africa, 18-20 November 2024. This year’s event...
(FILES) Detail of recently extracted cocoa beans in a farm in Asikasu on December 19, 2020. Despite government efforts to stabilize the sector and...
(FILES) Detail of recently extracted cocoa beans in a farm in Asikasu on December 19, 2020. Despite government efforts to stabilize the sector and...
These agricultural commodities have driven economic activity and shaped market trends across sectors. Analysis of these exports, using the Africa...
These agricultural commodities have driven economic activity and shaped market trends across sectors. Analysis of these exports, using the Africa...
Railway operator Lobito Atlantic Railway exported its first shipment of copper from the Democratic Republic of the Congo to the U.S. in August 2024,...
Railway operator Lobito Atlantic Railway exported its first shipment of copper from the Democratic Republic of the Congo to the U.S. in August 2024,...
Chisom Michael Africa’s major agricultural imports largely consist of products for which the continent lacks a revealed comparative advantage (RCA),...