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Lilac Nachum, Visiting Professor at Strathmore Business School ;Professor of International Business, City University New York, City University of New York

Africa's agribusiness sector should drive the continent's economic development: Five reasons why

Agriculture is still largely manual in a several parts of the continent. Patrick Sheperd/CIFOR

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.

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 unchanged for decades, according to World Bank data. At the same time, Africa’s agriculture sector is the world’s least developed, with the lowest levels of labour and land productivity. Value added per worker in agriculture is about a quarter of the world’s average and less than a fifth of China’s.

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