By O’Brien Kimani
Africa requires to invest 40 trillion Kenya Shillings in the next ten years in her agriculture value chain to make the continent food sufficient.
A report released by the Africa for a Green Revolution in Africa-AGRA says currently Africa is facing a huge financing gap, putting millions of people at risk of hunger.
The report says only 13 African countries have managed to meet the target of investing 10 percent of their budgetary allocation to agriculture and Kenya is missing in the list.
The report is calling for increased funding by both the private and the public sector if the continent is to achieve food security.
Agriculture in most African countries is characterized by a subsistence farming sector, revolving around staple food crop production.
The overall productivity of African agriculture has remained low for centuries, both in the food production and export sector as a result of a combination of internal and external factors. And though the continent has made great strides in feeding her population, it still faces a myriad of problems.
Report released by the Africa for a green revolution in Africa-AGRA says the recent spikes in commodity prices have thrown many developing countries, especially net food importing countries, into a state of market turbulence with risks of social, economic and political implications.
The report says African economies need to increase funding to agriculture which has stagnated in most countries due to financing challenges.
Last year African countries invested 12 billion dollars in agriculture against a demand of 25 billion dollars leaving the continent with a funding shortfall of more than 13 billion dollars.
The report notes that for agriculture to develop as the basis for economic growth, an agricultural revolution in the productivity of small-scale producers is required.
It calls for mechanization and technological advancement in the areas of production, value addition and transport.