Whether for profit or social motives - and often both - an increasing number of investors are targeting opportunities in African agriculture. At the same time innovative approaches for deploying aid to support farming businesses linked to smallholders are emerging. This blog provides a snapshot of who is doing what, where and how.

11 March 2010

UN: ‘Africa Spends $33bn on Food Imports Yearly

The Under-Secretary General and Executive Secretary of the United Nations Economic Commission for Africa (UNECA), Mr. Abdoulie Janneh yesterday said food imports from the developed world into the African continent annually gulps $33 billion. This, he said, is besides the $3bn which comes in the form of aid from international donor agencies. He said the continent has had to resort to food import to bridge the gap between domestic food supply and demand which is mainly fueled by urban demand for processed food.

“Overall, the performance of the food and agriculture system of the continent has been far below its potential and far short from expectation. Despite, proven comparative advantage, Africa relies heavily and increasingly on food imports, standing now at about $33billion,” Janneh said at the three Day High Level Conference on the Development of Africa Agrobusiness and Agro-industries Development Initiative in Nigeria. This Day article.