Agriculture: A Hidden Goldmine In Africa | Exploit The Opportunities With Agriculture Today

Today, you and I will quickly talk about the topic “Agriculture: A Hidden Goldmine In Africa | Exploit The Opportunities With Agriculture Today”.

This has become necessary as a result of the very many emails and searches we have been receiving from several of our site’s visitors concerning Agriculture and how it has become A Hidden Goldmine In Africa and The Opportunities we can get by venturing into Agriculture Today.

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Agriculture: A Hidden Goldmine In Africa | Exploit The Opportunities With Agriculture Today

Some years ago, many persons believed oil was the major goldmine in Africa.

With recent scarcity, many are beginning to think differently.

We live in a world where many overlook things closest to them and try to acquire things farther from them.

Oil has always been synonymous with some countries in Africa, Nigeria for instance without oil sounds so bad for many of her citizens.

Agriculture is actually a goldmine in disguise. Carefully examining the Agricultural sector will help us see things the way it truly is.

Businessmen are usually the quickest to identify promising sectors.

Recently, the richest man in Africa, Aliko Dangote has invested in this sector.

He invested billions of dollars in rice production.

Nigeria spends a lot of money importing rice, but due to recent developments to reduce importation, investors are making it big in the sector.

There are many reasons why you should consider investing in Agriculture in Africa.

A number of the richest persons in Africa have their investments spread out across this sector.

Why do you think billionaires would put their money in agriculture?

Let’s think as businessmen for a minute, a businessman would want his money to bring maximum profits.

Agriculture: A Hidden Goldmine In Africa

In Africa, farmlands can be gotten for a very cheap price.

So it is not really difficult to get farmland, especially in rural areas. In a statement by the World Bank, it mentions that Sub-saharan Africa has more than half of the world’s lands that are fertile, and not yet cultivated.

Also within Africa, it produces can be sold.

There is always a demand for food, as it is essential for life. Africa’s growth in size/population has been rapid, and this increases the need for raw materials.

Nigeria, which is currently the biggest market in the continent has over 84 million hectares of arable land, where only about 33.6 million hectares is being cultivated.

This shows there are still provisions for growth.

Agriculture provides employment for a lot of persons.

Some agriculture firms support people that live in communities close to their industries.

I visited an oil-palm industry a few years ago, I discovered people living close to the place do not spend money on cooking oil, this is to show how agricultural firms assist people.

They also set up scholarships to help students actualize their dreams. It is very common in rural areas since most of these firms are based there.

There was a statement made by the President of the African Development Bank, I agree so much with.

The next generation of billionaires in Africa will be farmers. – Akinwumi Adesina

Young investors are already putting funds into this sector. And with recent technology, you do not have to visit a farm before you can make money from Agriculture.

Some websites offer services to get a farm and work for you, all that is needed is funds.

To enjoy agriculture in Africa, you have to be passionate.

Agriculture: A Hidden Goldmine In Africa

According to WEF, Agriculture in Africa have the possibility of providing a source of income to about 767,000,000 persons.

That is quite a huge figure, it shows that it is only a tip of the iceberg that is being tapped currently, compared to future possibilities.

Also comparing the amount of money spent by countries around the world we can see how agriculture is affecting the cost of food.

According to the World Economic Forum,

Only 8 countries spend less than 10% of their income on food. They are UK at 8.2%, followed by Switzerland at 8.7%, Ireland spends 9.6% and Austria 9.9%. The US spends the least at 6.4%, Singapore spends the second lowest amount at 6.7%. Canada spends 9.1% on food, while Australia spends 9.8%.

While in Africa, most countries spend over 40% on food. Nigeria 56.4%; Kenya 46.7%; Cameroon 45.6%; and Algeria 42.5%.

Despite most of the countries in Africa spend more percentage on food, food is relatively cheaper here.

Another thing is that Agriculture is responsible for 32% of GDP in Africa.

It provides a great potential that is yet to be explored to the fullest.

The sector would be very helpful in reducing poverty.

About 60% of the workforce on the continent is related to Agriculture.

It is a sector that can really employ millions of Africans. It is obviously one of the biggest sectors in Africa. Yet, it is still a hidden goldmine, why?

Agriculture in Africa is still a goldmine because of so many reasons.

The returns the investors get is one of them.

Agriculture is one of the very few businesses that can guarantee an interest rate of over 300%.

Many people who know this, try to invest as soon as possible. Paying laborers to work in the farm enhances the division of labor and makes the work generally easier.

Understanding the market is an important thing to note in Agriculture in Africa.

Because rushing to start up a farm without having many details, can make an individual rush out too. Learn how long it will take the plant to grow, and budget how much you are willing to invest.

There are various opportunities in production, food processing, and marketing. If you are an entrepreneur, you can consider investing in Agriculture in Africa.

That’s the much we can take on the topic “Agriculture: A Hidden Goldmine In Africa | Exploit The Opportunities With Agriculture Today”.

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