In Africa, growth in the agribusiness sector could act as a multiplier for overall economic growth. Italy has the technology and expertise to collaborate in this.
Sub-Saharan Africa offers enormous potential for agriculture and markets undergoing rapid growth and in search of investment in the agribusiness sector to guarantee sustainable and efficient output.
Establishing local, commercially-based output for consumption and export is a cornerstone to guarantee food security, reduce poverty and direct growth, thus transforming a development challenge into economic opportunity. The integration of regional markets and on-going processes of organization of local agribusiness value chains are attracting growing investor interest in Sub-Saharan Africa.
South Africa is one of the region’s economic leaders. It has a competitive agribusiness sector and is the port of entry for the majority of consumer goods and products destined for many Sub-Saharan countries.
Italy is one of the countries of reference in the world for the agricultural and agro-industrial system, with state-of-the-art technologies and competencies in machinery and production-related inputs. South Africa and Italy can create partnerships to capitalize on—more rapidly and with greater efficacy—those opportunities emerging in this sector in Sub-Saharan Africa. Agro-industrial parks can represent one of the operational vehicles.
Partner, The European House - Ambrosetti