Reasons Why You Should Start A Business In Africa’s Agribusiness Industry… NOW!
When most people think of agriculture in Africa, images of poor and overworked farmers with crude tools on a rural farm readily come to mind. Many, especially young Africans, still think that agribusiness is a poor man’s occupation. Nowadays everybody wants a white-collar office job in the city.
Agribusiness is hardly on anyone’s mind.
Did you know that Africa sits on an agribusiness goldmine but most people just dont’t see it here are few exciting facts you need to know about agribusines in Africa…
1. Did you know that Africa’s richest man, Aliko Dangote, recently invested $1 billion in rice production? Every year, Africa spends billions of dollars on rice imports, and Dangote surely wants a juicy slice of the market.
2. Did you know that since 2009, investors in the USA, Europe, Middle East and Asia have been buying and leasing millions of hectares of African land for agricultural purposes? Many people may not know it but there’s a trend of serious land grabbing by foreign interests for African land.
3. Did you know that Foreign Direct Investment in African agribusiness was $10 billion in 2010 and is projected to reach $45 billion by 2020?
Agriculture is taking a huge leap in Africa and investors want a piece of the action too.
4. Did you know that Africa’s agribusiness industry will be worth $1 trillion by 2030! That’s huge! If this projection by the UN comes true, agribusiness will become the ‘new oil’ in Africa!
In the light of all these facts, how come the rich and wealthy folks are investing in Africa’s agribusiness industry while the majority of Africans are largely ignorant about the amazing potentials of agriculture on the continent
Thats why world’s top business people are investing in African agribusiness.
4th Reason you should invest In Africa’s Agribusiness Industry…
Agribusiness Is Very Scalable. You Can Start With What You Have.
Whether you own one plot of land or 10,000 hectares, agribusiness is one of few business opportunities that allow you to start on any scale, with whatever you have!
Entrepreneurs like South Africa’s Anna Phosa started her agribusiness in 2008 in her backyard with just four pigs. Today, she owns a 350-hectare pig farm and is a major supplier to Pick n’ Pay, the South Africa supermarket chain.
The opportunity to start small means that people with little capital can become part of Africa’s multi-billion dollar agribusiness industry. Because of the guaranteed demand for agricultural produce, that small vegetable or poultry farm in your backyard could just become a huge business tomorrow.
Every evidence shows that you don’t have to be a wealthy investor with millions of dollars in the bank or a highly-educated person in order to start a business in agriculture in Africa. You can start where you are and use what you have, and grow from there. You can start your agribusiness journey in your home backyard or do it on a part-time basis with your day job. It’s very flexible that way!
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