Commodity exchanges can help unlock Africa's agricultural potential: Paul Boateng, former British High Commissioner to South Africa

An Ethiopian coffee farmer (AP Photo/Sayyid Azim)

With agriculture making up approximately 65% of Africa’s labour force and 35% of the continent’s GDP, the sector’s capacity to help realise major continental development priorities is beyond doubt. Yet, as the IIED argues, the agricultural industry in many African countries has been unable to “meet its full potential as an employer, fair distributor of income, and national revenue earner”.

There are a host of factors contributing to current challenges and, as Dr. Agnes Kalibata, President of AGRA and former Rwandan Minister for Agriculture, correctly stated in a recent interview, “we need to find financial tools that help us all step up the game… prioritising agriculture is not just the moral thing to do. It’ s an economic imperative”.

Read more: Structured commodities markets can help unlock Africa’s agricultural potential  – Quartz