Africa Agriculture

In a world in which radical climatic events are increasingly affecting farm production, agricultural insurance is coming to be seen as a key solution for producers to bolster economic and food security.

For many countries across Africa, agriculture remains one of the most important sectors of the economy. Agriculture accounts for 14% of total GDP in sub-Saharan Africa, and a majority of the continent’s population is employed in the sector.

This Growth & Recovery Video highlights the important aspects of the recently launched Agriculture in Africa 2021: Focus Report, published in partnership with OCP Group

An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.

The Covid-19 pandemic has accentuated existing food security issues in Africa and given rise to some new challenges. With an economic downturn under way, efforts to combat hunger are being accelerated. While short-term measures are part of the solution, the crisis has also made a powerful case for long-term change.

The coronavirus pandemic has exposed the potential vulnerability of the world’s food supply chains. This is galvanising governments in emerging economies to boost domestic production through new agricultural inputs and investment in agri-tech and logistics networks.