Africa’s agricultural sector is characterized by both immense potential and significant challenges. Despite the abundant natural resources on the continent, this sector remains underdeveloped, with a high import dependency value of $75 billion for 100 million metric tons of cereals annually.
The continent has the highest prevalence of chronic hunger, with about 278 million citizens exposed to acute hunger. Africa’s longstanding challenges, such as limited market access, fragmented value chains, inadequate infrastructure, and finance, are barriers to reaching its full potential in the global agricultural standing. The African Continental Free Trade Area (AfCFTA) represents a unique opportunity for African countries to leverage free trade and overcome the challenges hindering this sector’s growth and development.
To read more, check the full article on Accra Times.
Photo by Amison via Iwaria.