In Africa, the dynamism of agriculture is driven by Ethiopia and Côte d’Ivoire. This is what the recent report released by the Havas Horizons advisory group reveals.
Result of an opinion poll of the 55 largest financial and banking institutions established on the continent, the study establishes a top 5 champions of the African agricultural sector.
While 90% consider African agriculture to be promising, 43% of respondents see Côte d’Ivoire and Ethiopia as better positioned to face the many challenges in the sector. These range from infrastructure, to market access, through the processing and industrialization segment.
Côte d’Ivoire is one of the main agricultural powers on the continent and plays a key role in the supply of many agricultural raw materials.
It has earned the title of number one cocoa and cashew nut producer in the world, as well as that of the seventh supplier of natural rubber.
With the second largest population on the continent, Ethiopia has an agriculture which contributes 45% of its Gross Domestic Product (GDP). It is the 5th largest producer of coffee in the world, the second largest producer of cut flowers in Africa and has a very dynamic agro-industrial branch.
In this last section, it should be noted that the country has notably adopted a policy that promotes export-oriented industrialization, thanks to numerous fiscal and non-fiscal incentives.
After these two nations, Kenya ranks second with 38% of the vote, reinforcing the presence of East Africa at the top of the table. It is followed by Morocco which receives 23% favorable opinions. The fourth place is shared by Nigeria and Cameroon (20%), and Senegal comes in fifth position (16%).
The big absent from this top 5 remains South Africa. Although the continent’s largest economy, the Rainbow Nation, agricultural heavyweight in southern Africa, ranks 6th, along with Egypt and Ghana (13%).