What is stopping Africa from solving its food security crisis
At the Africa Financial Industry Summit in Lome, Togo, this week, it became apparent that investors' appetite for financing African agricultural projects is not a problem. The challenge is finding an African country whose supply chains, policies, and regulations attract investment.
"We learnt very painful lessons in Ivory Coast," JD Diabira, CEO of Westbridge, a Canadian trading house that expanded to finance agriculture in Africa five years ago told me. "But we managed to set up a soya bean enterprise in Togo two years ago. In the first year, we made $800,000. Six months later we did $9 million. We are looking at $23 million this year."
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