AGRICULTURAL NEWS - While many African agribusinesses are keen to expand their operations into other countries on the continent, they reportedly remain wary of doing so.
The recently released 2017/2018 PwC (PricewaterhouseCoopers) Africa Agribusiness Insights survey found that CEOs and owners of such agribusinesses reported “inefficient and bureaucratic governments, as well as corruption, crime and theft” as the most significant deterrents to expanding their operations on the continent.
“Inadequate infrastructure and political instability are further concerns. Africa possesses unrivalled [agribusiness] opportunities if policymakers can remove some of these challenges,” said a PwC statement on the results of the survey.
Representatives of the Southern African integrated poultry production company, Astral Foods (Astral), expressed similar sentiments.
