Africa’s food and agribusiness will be worth an estimated US$1 trillion by 2030.
This is according to what African Development Bank President Dr Akinwumi Adesina told participants at the World Food Prize Foundation’s Norman E. Borlaug Dialogue(link is external) in Des Moines, Iowa on Thursday.
The annual event in America’s agricultural heartland revolved around this year’s theme of “harnessing change,” with delegates and panellists exploring innovative ideas to shore up innovation, adaptation, and diversification, and mechanisms for improving resilience, recovery from shocks, and sustainable systems to feed the world.
Several world leaders are actively bolstering food production and food security in Africa. This includes coming together for a landmark global Feed Africa summit in Dakar (the Dakar 2 Summit) last January.
The continent, which is home to 65% of the world’s remaining uncultivated arable land, ironically imports most of its food.
African leaders are intent on ensuring that their countries are self-sufficient in food and become food exporters.
There is a realisation that by 2050, the global population will reach nine billion, creating a pressing need for Africa to increase agricultural productivity to meet rising demands for food.
Read more – https://www.afdb.org/en/news-and-events/press-releases/do-not-overlook-africas-trillion-dollar-food-and-agribusiness-sector-african-development-bank-chief-tells-investors-world-food-prize-dialogue-65393