AfriFund Investments Thesis

Key trends driving Africa’s attractiveness as an Investment destination

Africa's Growth has Remained Robust

No Data Found

Source: UN; Standard Bank Research

Share of Population Growth %

No Data Found

Source: UN; Standard Bank Research


  • Adoption of technology will become the key catalyst for economic and social
    development of the continent.


  • The internet economy will proliferate and become a critical component of continent’s GDP.


  • Continental initiatives such as AFCFTA could be a catalyst to create an additional US$3trn in value.


  • Smart phone penetration is expected to increase from 39% to 60% which will further drive internet usage. The increased use of mobile money is a contributing factor to the expected growth of smart phone penetration.


  • Internet users have increased by 260% over the last decade, however internet penetration is still low at 25% compared to the developing world average of 47%.


  • Africa accounts for only 2% of global bandwidth usage compared to a 17% share of global population.


  • Compelling investment opportunities in telecommunications, media and technology exists on the continent.


  • The agricultural economy employs 65% to 70% of Africa’s labor force and typically accounts for 30% to 40% of GDP.


  • Africa has the largest share by far of land available for agriculture, approximately 45% of the global total.
    Under-utilized water resources and lower labor costs are competitive advantages.


  • Africa could be a key player in providing food security to the global population if advantages are harnessed.


  • Africa’s share of global food production has however been on the decline. Of the 183 million hectares of cultivated
    land in Sub-Saharan Africa (SSA), 95% is rain-fed and less than 5% benefits from agricultural water management practice.


  • Use of modern inputs such as fertilizers and agri-technology to enhance crop yields lag behind other regions such
    as Asia and Latin America.


  • SSA is undergoing rapid urbanization with a projected US$600 bn per annum food market forecasted by 2030.
    Total food market of US$1 trillion per annum.


  • Seeds
  • Crop Protection
  • Fertiliser & Chemicals
  • Agri-Tech
  • Machinery & Equipment
  • Animal Genetics
  • Feed
  • Energy


  • Land
  • Crop Production
  • Specialty Agri
  • Livestock
  • Aquaculture


  • Equipment & Machinery
  • Agri-Infrastructure
  • Storage
  • Cold Storage
  • Processing
  • Packaging


  • Transport
  • Cold Storage
  • Logistics (Port facilities)
  • Information
  • Technology
  • Exporters
  • Agri-Innovation
  • Agri-Fintech


  • Product Design
  • Food Processing
  • Food Safety
  • Packaging
  • Specialty Products
  • Food Ingredients
  • Private Label
  • Production
  • Processing Technology


  • Food Retailers
  • Food Service
  • Food Safety
  • Exporters
  • Cold Storage
  • Warehousing
  • Logistics
  • Branded Food
  • Private Label


  • Urban
  • Rural
  • SME
  • Industrial
  • Export
  • Specialty