A fast development of African countries helps strengthen cooperation in agribusiness industry
Why is now the time for cooperation? Because we see fundamental change in Africa’s food and agricultural industry. <…> You can see a revolution in consumption: a growing middle class and an urbanizing continent. <…> What is crucial here is that Africa is getting a large number of mid-sized farms. They are very different from small ones. They invest in capital. They are interested in services, digital and other things — Kray Holger, Head of the Africa Policy Unit, World Bank Group.
We have the EBA index [Enabling the Business of Agriculture, – Ed.]. This index is measured in 35 African countries. <…> In 2019, they show the highest reform rates in agriculture — Kray Holger, Head of the Africa Policy Unit, World Bank Group.
In order to improve agriculture’s performance and added value, <…> we are interested in producing equipment and cutting-edge technologies. And of course, Russia is one of those countries we are really interested in cooperation with — Angela Ndambuki, Chief Executive Officer, Kenya National Chamber of Commerce and Industry.
Demand for produce in Africa is growing fast and it is growing faster than the population. <…> Consumers’ tastes also change. Consumers go from maize to wheat — Selim Basak, Managing Partner, Gemcorp Capital.
In order to raise direct investment, <…> our ministry of agriculture is introducing initiatives that aim to help investors feel confident. <…> Today, the World Bank has made a decision to take Nigeria 15 points up. <…> Now we have reached number 130 — H.E. Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment of the Federal Republic of Nigeria.
Today, Africa is one of the world’s fastest growing regions. Today, its population is 1.2 billion people, and according to the World Bank it will go 40% up to 1.7 billion. The food market that already exceeds USD 300 billion today will reach USD 1 trillion by 2030 — Sergey Levin, Deputy Minister of Agriculture of the Russian Federation .