Africa: Last frontier for global growth
Trade in Africa has grown by 300% compared with global averages of 196% in the last decade.
One of the fastest-growing populations, expected to increase from 17% of the global population in 2020 to 26% in 2050
Africa is home to 16 of 26 fastest-growing economies
Exponential middle-class growth, from 210 million in 2020 to 490 million in 2040
Africa is home to one of the largest and youngest workforces, with 50% of the population under the age of 20
Expected growth in household consumption and business spending to $16.12 trillion by 2050
Agriculture in Africa
Agriculture accounts for the most significant economic sector in Africa. While employing 60% of the population, farming contributes to 15-35% of GDP in most countries across the continent.
Investment in Ghana
Ghana is home to a large population of farmers. 4 Million farms in Ghana require $2.9 Billion in financing. 90% of farmers need loans ranging from $250 to $5,000.
AgroFides' mission is to unlock the potential of commercially viable small and medium-scale farmers by turning their cash-based farming operations into creditbased businesses. We accomplish this by helping farmers secure loans through AgroFides, from private and institutional investors (lenders) looking for financial return coupled with social, environmental, and economic impact.