View article

Investment in agriculture has the potential to improve infrastructure, promote agricultural research, technology dissemination and adaptation, unlock market access, and allow for the expansion of land under sustainable management (NEPAD, 2003). With the estimated world population to grow to 10 billion in 2050 and income growth in low and middle-income countries (FAO, 2017), it is inevitable that the overall demand for agricultural products will increase as well as the per capita intake of lucrative agricultural products such as meat, fruits, and vegetable products. Agricultural investment and technological innovation are key to increasing productivity in a sector where the resources needed for production are finite and increasingly scarce (FAO, 2017). However, a conducive business environment characterised by low interest rates, political stability and strong institutions can positively influence …