Farming in Africa

Investing in Africa

A growth opportunity

With an average annual growth of 4.9% over the past decade reaching an aggregated GDP of US$1.3 trillion in 2008, Africa became the 3rd fastest growing region in the world after decades of poor economic performance. In the new Africa, agriculture is expected to be the 3rd largest industry of the continent by 2020 with an estimated revenue of USD 500 billion and the second fastest growing sector after infrastructure. According to Mc Kinsey Global Institute, agricultural output could potentialy quadruple by 2030.

Africa accounts for 20% of the land in the world and 60% of the world’s uncultivated arable land and is home to 15% of the world population.

To put things in perspective, the United States, the fourth largest country in the world, could fit into Africa more than three times. China and India, the two most populated countries, could fit into just 40% of Africa. In fact, the USA, China, India, Japan and all of Europe could fit into Africa.