Banking institutions have introduced collateral-free lending products, expanded access to financial education and training, and embraced mobile technology to expand access to their services among smallholder farmers
Precision farming, mobile apps, and blockchain enable African farmers to share knowledge, communicate with each other and with specialists, and gain access to new markets, financing options, and insurance coverage.
Financing innovations such as impact investment, crowdsourcing, and mobile money are helping to sustain and expand Africa’s agricultural sector and provide opportunities for the continent’s smallholder farmers.
Many African countries’ economies have benefited greatly from the export of agricultural products including coffee, cocoa, tea, and fresh fruits and vegetables, which have increased GDP, generated new jobs, and fuelled economic expansion
Infrastructure investment must be prioritised by governments, international organisations, and the private sector, particularly in areas such as irrigation, storage and processing facilities, and research and development
Adopting suitable policies that support the growth of the agricultural sector, giving access to markets and finance to smallholder farmers, and increasing productivity via the use of modern farming techniques is essential to unlocking Africa’s trade potential through agriculture.