With population exceeding and Africa's pressure to multiply its resources to feed all, African policymakers have realised the vitality of strengthening the industry and revamping it with latest technologies and solutions. AAE 2024 is creating an excellent space for you to come together with agri stakeholders and decision makers and join the biggest networking and knowledge sharing opportunity.
The parallel conference program will cover a wide range of topics including innovative farming techniques, data-driven agriculture, best practices for sustainable agriculture, financing and investment opportunities, etc. over the two dynamic days of AAE 2024. Join us at Africa's Leading Exhibition and be a part of shaping the future of Agriculture in Africa.
Here are some facts explaining why Africa agribusiness is a must-tap:
According to the recent data of 2023 UN states that Africa's population is equivalent to 16.72% of the total world population - i.e 1.43 billion people - making it a huge market for agricultural products.
Exceeding populations makes demand for food go up. The African Development Bank reveals that the continent's food market is projected to reach $1 trillion by 2030.
African countries are increasingly opening up their markets to trade, making it easier for agribusinesses to access these markets.
African Agricultural Transformation Programme (ATAP), the Comprehensive African Agriculture Development Programme (CAADP), the Agricultural Transformation Agenda (ATA), the African Union's Malabo Declaration working towards one goal - better agriculture.
Africa's agribusiness sector is increasingly focused on sustainability. African Union (AU) launched the "Africa Agribusiness Agenda 2030" in 2021, which aims to transform Africa's agriculture sector into a globally competitive, sustainable, and inclusive industry.
Fertiliser, seed, technology, irrigation have risen over the time. Irrigation is expected to benefit from $65 million in new investment, while more than $8 billion worth of investment in storage will also be required. According to the report, Africa's agritech market is an emerging sector growing a yearly of 44%.
Currently, the continent imports about $50 billion worth of agricultural products per year - which is why the policymakers want to eliminate reliance and set up their own production unit - creating a slew of new opportunities for global agribusiness leaders to come and explore the prospects.
From identifying prospects to expanding your business in Africa's booming economy - Africa Agri Expo 2024 in Kenya should be your next aim.