Oxford Business Group (OBG), a business intelligence and consultancy firm, has launched a new focus report. Titled “Agriculture in Africa 2022”, this is the third study of the group devoted to this major theme for the continent and produced in collaboration with OCP Group, leader in plant nutrition and the world’s first producer of phosphate-based fertilizers.
With Africa’s population expected to double by 2050, according to the World Bank, and food demand expected to grow by 55% by 2030, the challenge of food security is a major issue, where 85% of food is nowadays imported, according to data published by the United Nations Conference on Trade and Development (UNCTAD).
While the continent has the world’s fastest-growing agricultural sector, with an average annual growth rate of 4.3% since 2000, the development of the vast amount of uncultivated arable land will not be enough to meet the growing demand for food. OBG’s Focus Report explores the various possibilites and concrete solutions available to meet the food needs of the population, while at the same time integrating the sector into a sustainable and climate change-friendly development.