Investing in Africa
Despite, Coronavirus, the curse of commodity dependence and the recent serious downturn in economic growth (African GDP contracted by 2.1% in 2020) growth returned to above average with 4.2% in the region 2021/22. Analysts predict increasing GDP figures for the next decade and beyond. As the African economy expands, there is a developing trend of reverse immigration of educated expat Africans back to their native countries, triggering a new movement that economists are referring to as “Afri-Capitalism”.
In addition, analysts predict a shift of behaviour in domestic settlement from rural to urban spaces, which in turn will place a greater demand on mainstream consumer markets – in particular the food and resource chain.
We are positioning ourselves as a physical agri commodity trading company and agricultural investment consultancy with a predominant focus on Africa. We believe in developing both upstream and downstream processes in order to support the increasing demand for agricultural and food products.
- Africa has 50% of the Worlds uncultivated arable land.
- Agricultural output could increase from $220 billion to $880 billion per year by 2030.
- The rate of return on foreign investment is already higher than any other developing region.
- Africa's economy is projected to continue to grow after 2021 by 3.4% per annum (source African Development Bank 2019
“Agriculture has, for many years, formed the backbone of Africa’s economy contributing 50%+ of the Gross Domestic Product (GDP) and accounting for 80% of the employment, mainly in the rural areas. In addition, the sector contributes more than 75% of the total export earnings and about half of the tax revenue, while meeting the food requirements of the population. Africa’s agricultural sector directly influences overall economic performance and periods of high economic growth rates have been synonymous with increased agricultural growth.” (Frontier Market Intelligence, tradeinvestafrica)
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Tel +44 1362 638343
Tel +44 7827 317596
info@crmglobal.co.uk