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The Implications of Korea’s Experience for Developing Agriculture Value Chains in Africa – Brief

23-May-2019

Agriculture is the primary source of income for 60% of the African population. However, the value of agricultural output stands at only a quarter of Africa’s GDP whilst its net food import bill is expected to expand to $110 billion by 2025.1 Africa’s subdued agricultural growth is not only due to low productivity, where yields stand at 56% of the global average,2 but it can also be attributed to the limited development of, and linkages across the agricultural value chains, especially beyond the production stage.3 As a matter of fact, value addition, after farming only accounts for 38% of Africa’s agricultural value chain activities compared to that of the global average at 78%.4 This indicates that opportunities for increasing rural income remain unseized on many levels because the agricultural value chain remains underdeveloped.

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