Tag Archives: Africa Business

The Economist Special Report: ‘The Africa Gap’

Special reports: The Africa gap

THE ECONOMIST SPECIAL REPORT (January 11, 2025): The Africa gap – The economic gap between Africa and the rest of the world is getting wider, says John McDermott

The economic gap between Africa and the rest of the world is growing

Africa is undergoing social change without economic transformation

Africa has too many businesses, too little business

African elites should align themselves with their countries’ needs

The African investment environment is at its worst in years

To catch up economically, Africa must think big

Africa: The Potentials Of Nigeria Cassava Farming

Insider Business (May 7, 2023) – Nigeria grows 63 million metric tons of cassava (also known as yucca) every year, but most of the country’s supply is eaten locally as fufu or garri. Experts say Nigeria could be missing out on billions in exports of lucrative cassava products like bubble tea pearls, starch, or ethanol.

Video timeline: 0:00 Intro 1:48 History of cassava 2:58 Growing issues 5:42: How garri and fufu are made 6:54 Transportation issues 7:36 How cassava is processed 10:06 Global demand is so high for cassava

Challenges along the country’s entire supply chain have caused hundreds of millions of dollars in cassava spoilage. But one entrepreneur, Yemisi Iranloye, thinks she has the solution. She’s introduced higher-yielding seed varieties and moved processing plants closer to farms.

Now, her farmers earn four times more for their product, and her cassava starch and sorbitol have landed her clients like Nestle and Unilever. Could Yemisi’s model be the way for Nigeria to feed itself and cash in on exports?

Africa Views: The Cassava Flour Boom In Cameroon

As the Russian invasion of Ukraine continues to impact crucial food exports, wheat prices are soaring. Many African countries rely on Ukrainian and Russian grain exports and could face a severe food crisis. But in Cameroon, entrepreneurs are coming up with alternatives to wheat, which is used to make flour. Production of bread and cakes made from local cassava and sweet potato flour is now booming. These tubers are abundant in the country but are normally used unprocessed in traditional dishes. Our correspondents report.