Agriculture news: Trade as a medium for development: "This session identified tangible opportunities to increase Intra-African trade and link countries to regional and global markets by building capacity, improving infrastructure, and reducing price volatility."
Intra-African trade is a key element for the future of Africa. It can be a catalyst for development.
The Innovative Charcoal Cooler
Agriculture news, Africans use innovative methods for storage. This story is fascinating, and it showcases the innovative abilities of Africans. Agriculture is a major sector in Africa and coming up with creative ways of making production efficient is important.
Introducing the Charcoal Cooler
Low energy technology is the future of Agriculture production.
How Kenya Is Building a Sustainable Banana, Introducing “tissue-culture” bananas
The “tissue-culture” bananas are the products of simple plant science—it’s old-fashioned biotechnology. The tried-and-true methods that are common in Asia and Latin America are only beginning to take root in much of Africa, where one-third of the world’s bananas are consumed. In Kenya, only about 5 percent of banana acreage was under tissue-culture cultivation in 2006, a number at that time projected to expand to as much as 40 percent by 2016, according to Africa Harvest Biotech Foundation International.
Incorporating modern ways of farming can improve Agriculture productivity in Africa, a massive sector that has enormous potential to enhance the GDP of most African countries.
"Cassava is the best kept secret of farmers in Africa."
African farmers are very knowledgeable about Cassava therefore production is easy for them, and Cassava has a high potential for food and industrial use.
Dr. Nola-Meso Mahungu of Congo breaks it down
Cassava can also be used as fuel, which can benefit Africa economically. Africa should take advantage of this wonderful crop, and improve the standard of living in the continent.
Africa has the resources to achieve greatness.
Cassava: fuel of the future?
Q How can NEPAD contribute better to Africa's development?
A Agriculture remains underdeveloped in Africa. With the right investments and policies, the continent could easily feed itself and export food to other parts of the world. NEPAD could provide an important and unique contribution by promoting international partnerships to remove the scientific, infrastructure and policy bottlenecks to agricultural production. Agricultural research capacity and output have stagnated or, in many countries, have weakened over the past 25 years.
Agriculture news would not be significant without talking about agribusiness. Africa has now become the number one target for this type of business around the world. While the issue of "land grab" remains highly controversial, there is no doubt that foreign companies are pointing the way towards the continents utilization of its enormous potential.
The foreign companies are also providing employment on a large scale, transferring skills and earning valuable foreign exchange for the countries they operate in.They are also proof positive that this business is largely profitable.
India's Karuturi global claims to be the world's largest producer and exporter of cut roses. This was mainly due to their vast holdings in Kenya and Ethiopia.
In 2004, Karuturi begun operations in Ethiopia, they bought out Dutch-owned Sher agencies, that operated in Kenya's Rift Valley around ravishing Lake Naivasha. This single move propelled Karuturi to the top echelons of the highly lucrative cut roses business..
Karuturi is targeting the COMESA [Common Market for East and Southern Africa] which has a combined population of 400m with a food import bill of $14bn. This in the long term can only enhance the development of Eastern Africa.
More interesting facts on this Agriculture news:
According to Kenya's Ministry of Trade statistics, the country exported 19,000 tons of flowers in 1990 earning $78m; 20 years later in 2010, Kenya earned $867m from flowers. Kenya produces 50,000 tons of flowers a year, but the region is not just a market leader in floriculture.
Kenya is the largest tea producer. Kenya exports 500,000 tonnes of tea annually. In 2010 tea earned $1.07bn for East Africa's largest economy. It is also the largest producer and exporter of pyrethrum, making it the largest pyrethrum exporter to the EU earning around $400m annually. Both tea and pyrethrum are exported raw, and this has caused much debate.
While Kenya exports 15% more tea than Sri Lanka, the latter earns 76% more than Kenya from her tea because of considerable local value addition.
Exporting raw material ensures Kenya is losing out on value-added revenue. This is a common problem in Africa. Raw materials need to be processed in Africa, and exported to the rest of the world. The economy of Africa will only benefit. Therefore, there is need for more capital infusion, for such goals to be met. The Agriculture news that we want to see more often coming out of Africa, is about immense increase in profits from Agriculture products.
Elisabeth Tankeu, the Commissioner for Trade and Industry at the African Union Commission said:
"The major challenge of developing agribusiness and agro-industries in Africa lies on the adoption of appropriate national and regional policies, strategies and institutions that can nurture innovation in the sector."
The hidden treasurers of Africa can only be unveiled with the right minds and capital. Strategies that bring capital can only ensure the untapped resources are utilized in Africa.