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Trends

Incofin Investment Management supports smallholder farmers and agribusinesses with finance and technical assistance

© Incofin Investment Management

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With the global number of undernourished on the rise since 2014, the international community has identified agricultural development as an effective tool to boost the resilience of vulnerable communities in fragile states.

Multinational corporations in the agrifood sector are increasingly including social and environmental aspects as part of their corporate social responsibility (CSR). However, although significant progress has been achieved in favour of farmers, more needs to be done.

In ACP countries, the use of smart ‘connected’ devices in agriculture is still at an experimental stage. Yet new projects are emerging, and global trends show how this new technology offers vital development opportunities.

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Numerous initiatives are emerging in the agricultural community that illustrate the potential profile of future African farmers – as informed business leaders, who make a good living and are connected online – and prove that agriculture offers exciting opportunities for young people.

Over the last decade, remittance flows from diaspora communities to their countries of origin have been steadily increasing. With government support and agriculture-friendly legislation, agriculture could benefit from this substantial source of funding and expertise.

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Africa is home to the world’s youngest population with 226 million people aged 15 to 24. This young workforce has the potential to drive innovation and transformation in agriculture, yet 72% of young Africans are living on less than €1.85 per day.

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Developing more nutritious crops through biofortification is providing much needed nutrients and helping to provide better quality diets for rural communities.