En Français The African continent accounts for around 6% of global sugar output, half of which is concentrated in COMESA countries – a figure that is set to expand to 8% by 2029. While local production takes place on a relatively small scale, countries in the region are among the world's largest net exporters. Looking ahead, the industry's continued development will be supported by the Africa…
– Pandemic-related disruptions and natural disasters resulted in significant crop losses in 2020 – Agricultural insurance is seen as a tool to provide growers and governments with more stability – Successful models in India and Kenya provided a blueprint for state and private collaboration – Increased protection seen as key to boosting food security as the effects of climate change grow In…
– Textile and fashion is the world’s second-largest industrial polluter, behind oil and gas – Concerted efforts are being made to create more sustainable business models – Two solar-powered, sustainable textile plants under construction in Togo and Benin – Increased cotton processing could mean value-added textile earnings stay in West Africa With textiles and fashion expected to…
On fuelling economic growth in Africa through insurance penetration In what ways did the Covid-19 pandemic impact the insurance sector in Africa? FARID CHEDID: Government measures to reduce the spread of Covid-19 such as national lockdowns have translated into slow economic growth, and in some cases recession. The performance of the insurance sector is traditionally closely linked to that of the…
The African PE industry has become increasingly complex and diverse, with the arrival of global institutional investors in recent years paving the way for some of the world’s largest firms to enter the market. Between 2014 and 2019 the total value of the 1053 PE deals reported in Africa reached $25.4bn. While deal volumes have maintained an upward trend, their value has gradually…
En Français For many countries across Africa, agriculture remains one of the most important sectors of the economy. Agriculture accounts for 14% of total GDP in sub-Saharan Africa, and a majority of the continent’s population is employed in the sector. In addition, export crops such as coffee, tobacco, oranges, fruit and cotton are important sources of foreign exchange for…
En Français This Growth & Recovery Video highlights the important aspects of the recently launched Agriculture in Africa 2021: Focus Report, published in partnership with OCP Group. The video presents — with the use of graphical data — the region’s export potential, food security challenges and how the creation of the African Continental Free Trade Area (AfCFTA), and increasing…
Home to 60% of the world’s arable land, Africa has the potential to meet not only its own food needs, but also those of the rest of the world. Agriculture remains one of the most important economic sectors for the continent, employing the majority of the population and accounting for 14% of GDP in sub-Saharan Africa. The Agriculture in Africa 2021: Focus Report outlines the region’s export…