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.

4 May 2010

Africa Boom Lures Investors as Growth Set to Double

Investment in Africa from countries such as China and India has rekindled optimism in a continent that sits on the world’s biggest deposits of platinum, chrome and diamonds, attracting a record number of delegates to this year’s World Economic Forum on Africa.

Agricultural loans are another area of growth on the continent, where farming employs 65 percent of the labor force and accounts for 32 percent of gross domestic product, according to the World Bank. Agriculture is being spurred by foreign investment, such as Indian food processing company Karuturi Global Ltd.’s leasing of 300,000 hectares in Ethiopia to produce food for export.

Business Week link