Africa’s agribusiness sector should drive the continent’s economic development: Five reasons why
AFRICA'S agriculture sector accounts for about 35% of the continent’s gross domestic product and provides the livelihood of more than 50% of the continent’s population. These shares are more than double those of the world average and much higher than those of any other emerging region. Author LILAC NACHUM, Visiting Professor at Strathmore Business School; Professor of International Business, City University New York, City University of New York Dependence on agriculture has declined in other emerging regions. For example in Southeast Asia, agriculture’s share of GDP dropped from 30-35% in 1970 to 10-15% in 2019. In Africa, it has remained…