Population in Africa is exploding. Whilst Africa is home to the most arable land on earth, it is not yet producing enough food for its people. And it is certainly not producing enough quality to really enjoy the income that is possible from exports. Apart from solving a serious challenge, those who assemble strong Agriculture and Food businesses are set to achieve returns on their investments and efforts that are simply not available in any other sector.
So why do most African farms and food businesses fail?
The focus is funding. And yes, funding is important because like all businesses, you require capital. But we have seen examples of Governments and private sector players spend large amounts of money and deliver white elephant results and failed enterprises. You may buy the most beautiful plane, but if you do not train as a pilot, you shouldn’t fly it!.