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The World Bank estimates that African agriculture could be a $1tr market by 2030. Yet investment into the sector continues to lag, while food security on the continent is deteriorating, with 31 countries on the continent needing external food assistance according to the UN's Food and Agriculture Organization. African countries spend $50bn a year importing food, which is expected to grow to $110bn by 2025. We ask a simple question - is African agriculture in crisis?
The World Bank estimates that African agriculture could be a $1tr market by 2030. Yet investment into the sector continues to lag, while food security on the continent is deteriorating, with 31 countries on the continent needing external food assistance according to the UN's Food and Agriculture Organization. African countries spend $50bn a year importing food, which is expected to grow to $110bn by 2025. We ask a simple question - is African agriculture in crisis?