African Smallholders Seize U.S.$1 Trillion Food Market

Kampala — The power of entrepreneurs and the free market is driving Africa's economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made in Africa.

According to the report, agriculture will be Africa's quiet revolution, with a focus on SMEs and smallholder farmers creating the high productivity jobs and sustainable economic growth that failed to materialise from mineral deposits and increased urbanisation. Despite 37 percent of the population now living in urban centres, most jobs have been created in lower paid, less productive services rather than in industry, with this service sector accounting for more than half of the continent's GDP. Smart investments in the food system can change this picture dramatically if planned correctly.

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