The agriculture sector is an important contributor to the Egyptian economy as it represents roughly 11.5% of the GDP.
Food production in Egypt does not meet domestic demand and the country is dependent on imported food. Egypt has a fast-growing population leading to a constant increase in demand for food, accompanied by limited local production due to restricted water supply and arable land.
Source: FAS, Ministry of Planning, Fresh Plaza
There are more than 1 billion people in the African consumer market. This is expected to increase to more than 2 billion by 2050. With 226 million people aged between 15 and 25 years, the continent also has the youngest population in the world. Also, African countries spend between $30bn and $50bn annually on imports. This represents enormous potential: A young, growing African consumer market that is more health-conscious, favoring nutritious and healthy foods.
Source: Devex, TRALAC