Money Moves June 04, 2018 at 06:25 am

Want to be an African millionaire? Then invest in these business opportunities

Mildred Europa Taylor | Head of Content

Mildred Europa Taylor June 04, 2018 at 06:25 am

June 04, 2018 at 06:25 am | Money Moves

Baskets of tomatoes — The Rockefeller Foundation

Crowdfarming

Africa spends over $30 million on food imports every year because the continent is largely made up of smallholder farmers who do not use sophisticated farming methods and lack the needed capital.

But with the business of crowdfarming, all one needs to do is to invest in these rural farmers and take a share of the profits at harvest time

This way, food production is enhanced, and bill on food import is reduced. Investors are also able to make much money and eventually take farmers out of poverty.

In Somalia, an online marketplace and crowdfarming platform, AriFarm, allows investors from across the world to enter into the Somali livestock market.

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