Agribusiness is the mainstay of Africa’s economic activity.
The sector accounts for at least 17 percent of sub-Saharan Africa’s GDP and about 52 percent of its employment. Home to 60 percent of the world’s unused arable land, Africa has the potential to solve its own – and the world’s — food insecurity challenges.
Today, however, Africa remains a net importer of food and an estimated 140 million people in Africa face acute food insecurity. Strengthening the continent’s agribusiness sector is, therefore, a priority and with smallholder farmers making up the bulk of the sector, addressing the challenges they face will go a long way to improving productivity and quality.
IFC combines investments and advisory services to support private sector solutions focused on addressing Africa’s food security and improving farmer incomes in a sustainable, inclusive and efficient way. We operate across agricultural value chain, from farm to fork, and are pioneering collaborations between AgTech companies and financial institutions to deliver farmers the holistic solutions they need.
Learn more about IFC's work in agribusiness sector
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Last updated: December 2024