Opportunities in African Market
Rising Food Imports
- Total food imports to Africa have increased by ten folds in the last three decades, during which time Africa has remained a net importer of agricultural products.
- For many countries in Africa, persistent food imports have a become a chronic drain on foreign exchange reserves taking away much needed funds from other important development areas without resolving food insecurity.
Growing Population
- In the last five decades, Africa been the continent with the highest population growth rate. This is one of the drivers of its increase in food import.
- In 2015, Africa’s population growth rate was at 2.5%, which was more than double the world’s population growth rate (1.2%). The population in Africa is expected to double by 2050.
Increasing per capita consumption
- While population growth is one of the main drivers of growing demand for food, increase in per capita food consumption is another factor contributing to the increase in demand.
- Many African households spend large portions of their income on food, and income elasticity for food consumption is relatively high.
- In a country with fast economic growth such as Ghana, a high and sustained increase in income leads to a sharp increase in per capita food consumption.
Professional Team
Industrialization
Economies of Scale
Global Networlk
Land & Climate
- Professional management and operation team that would ensure sustainable growth of business
- Mechanization that maximizes productivity and efficiency of farming
- Economies of scale that drives down overall costs of production
- Global Network with potent business partners that enables us engage in both domestic and international trades of agriculture commodities
- Fertile land and favorable climate that help us deliver quality crops