The agricultural sector is at the heart of many African economies. It contributes over 20% of GDP in the continent and is a source of employment for over half of Africa’s population. Agricultural production has been on the rise in the continent, growing three times over the last two decade. Even so, the continent is still exporting food products to meet the needs of its citizens. In fact, African countries which were ardent exporters of agricultural produce in the 90’s have tuned to deficit countries. This should not be the case. African must invest in its agricultural sector to guarantee food security, fight poverty, and drive economic growth. Startups such as Nigeria’s Agrilet which is making room for small investors is an example of the necessary leaps the continent should be making toward food dependency.
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Do you desire to see food security attained in Africa? The newly launched Nigerian Agrilet platform will help you make an impact with your investment. Agrilet connects farmers in need of seedlings, inputs, and machinery to investors who are looking for opportunities to diversify their investments and create more income. As much as the startup was only launched last year, it has made a name for itself among competitors as the hub for micro-lenders. Investors can begin with as little as $55 which has the potential of doubling without you having to wait long periods to get profits. So far, Agrilet has recorded US $13800 in profits for 50 investors and is still taking on investments to boost its impact. The startup is already operating farm projects in three states in Nigeria with plans for expansion. Read the article at Disrupt Africa.