ADCC GLOBAL PROJECTS

Agriculture

Project Development

Agriculture is by far the single most important economic activity in Africa. It provides employment for about two-thirds of the continent's working population and for each country contributes an average of 30 to 60 percent of gross domestic product and about 30 percent of the value of exports. Nonetheless, arable land and land under permanent crops occupy only about 6 percent of Africa's total land area.

With agriculture investment in Sub-Saharan Africa estimated as being 11 times more effective in reducing poverty than investment in any sector, a blended finance fund focused on smallholder farmers and micro small and medium-sized Enterprises (MSMEs) agribusinesses could make a major contribution to food security, economic growth and poverty reduction, while demonstrating that agriculture can be profitable business.

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