OPIC partner Phatisa discusses Africa's investment opportunities
Several of Africa’s poorest countries not only have a significant need for investment in agriculture, they also present a significant opportunity, OPIC partner Phatisa explains in this piece on its partnership with OPIC.
In these countries, “growth in GDP and disposable income, coupled with rapid urbanization, creates increased demand for basic food products,” says Stuart Bradley, Joint Managing Partner at Phatisa. OPIC financing to the Phatisa Food Fund II has supported investments in multiple projects in Africa to help small farmers increase their yields. Bradley said one egg business Phatisa supported was able to double its yields, a rate of growth rarely seen in more developed economies.
He also describes how several American equipment makers have benefited from these investments in African agriculture.