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STRAFOR

STRAFOR is part of a group of Companies active in Africa for two decades in the Power, Mining and EPC/trading sectors. STRAFOR is investing in the agriculture sector across sub-Saharan Africa with the objective of creating a sustainable agricultural business focusing on the high demand for both cash crops and fresh produce that almost all 54 Countries currently import. Africa’s annual food import bill is over billion, and is estimated to rise to billion by 2025, which weakens African economies, decimates its agriculture and exports jobs from the continent and if left unchecked, the continent's food import bill may surge to billion by 2025.

INTRODUCTION

Through the apparently good years of the commodity supercycle, most African economies grew rapidly, providing fuel for the popular “Africa Rising” narrative. However since the mid-2014 oil price shock, GDP growth for Africa as a whole and globally has been impacted negatively, affecting African economies and their direct investments whether local or foreign. However, with the African Continental Free Trade Area (AfCFTA) finally coming into being on Thursday 30th June 2019, it opens the way for a continent-wide market of 1.2 billion people worth trillion. Fifty-two of the African Union’s (AU) 55 member states have signed the deal, which is expected to boost regional and international trade. It will be the largest free trade agreement by population that the world has seen since the 1995 creation of the World Trade Organization.

STRAFOR AND AFRICA RICE CENTER (AfricaRice)

STRAFOR AND AFRICA RICE CENTER (AfricaRice) have an agreement for Cooperation in the sustainable investment, productivity, competitiveness and profitability of the African rice sector, AfricaRice is a CGIAR Research Center – part of a global research partnership for a food-secure future. It is also an intergovernmental association of African member countries and was created in 1971 by 11 African countries, today its membership comprises of 27 countries in Africa.