West Africa: Agro-economic Profile

Agro-economic panorama of West Africa

The agro-industrial model is changing, requiring further reflection by industry players. Advances in technology and innovation are critical to the future of agriculture, agro-industry struggling to feed a growing population in a context of climate change, water resource scarcity and many environmental concerns. Innovative technologies and advances in productivity are becoming increasingly important due to the growing pressure on food systems.

In West Africa, 75% of agricultural enterprises are micro-enterprises, 20% are semi-industrial and 5% industrial according to the World economic Forum 2015. The potential growth of food markets in Africa will only be possible with adequate investments in small and medium-sized agri-food enterprises. Agriculture is expected to become a US $ 1000 billion sector in sub-Saharan Africa by 2030.

More than half (58.8%) of respondents to the PwC Survey consider investment in Africa as an opportunity for developing their activities, particularly in countries such as Zambia, Botswana, Tanzania and ‘South Africa. Yet it is indeed in Côte d’Ivoire that the IMF’s expected growth is the highest on the continent with 8.5%, says PwC in the introduction of its study, just in front of Tanzania and Senegal, Both at 6.9% and 6.6% respectively.