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Showing posts with label PwC Africa. Show all posts
Showing posts with label PwC Africa. Show all posts

Tuesday, May 31, 2016

Agrotech on edge of second green revolution - Weilbach

Agribusiness industry leader at PwC Africa, FransWeilbach, has said that agriculture is currently standing on the edge of a second green revolution with the aid of technology, NaijaAgroNet reports.

Speaking on desperate need for food security, Weilbach said that as the global population is growing rapidly, innovative technology and advancements in productivity are becoming increasingly important as pressure mounts on food systems.

“It is predicted that technological innovation will act as a catalyst in lifting agribusiness to the next level in Africa. The winners will be those agribusinesses that seize the opportunity to create new opportunities through technology – they will be able to reach their strategic goals faster and more efficiently,” he said.

Also commenting, the PwC Director in Kenya, Edward Kerich, said “Kenya relies heavily on the agricultural sector as the mainstay of its economy, with agriculture contributing 29 per cent of GDP. Kenya is SSA’s leading tea exporter and one of the world’s largest black tea producers. A significant development in the agricultural sector is growth in the number of privately owned tea factories outside of those owned by the KTDA and the large multinationals in the country, and the benefits realized is expected to increase as some factories move to cheaper renewable energy such as hydropower production.”

PwC Partner in Nigeria, Rasheed Rahji said “Agriculture contributed 24.18% to real GDP in Nigeria in Q4 2015 and this is mainly due to mechanised farming and to other activities in the agribusiness value chain.”

NaijaAgroNet gathered that human resources (HR) models and processes are beginning to evolve, with more emphasis being placed on technology to improve networks and data.

Though industry analysts observed that majority of agribusinesses view climate change as having significant impact on SSA agriculture in the future – 41.2 per cent indicated that there will be a significant impact in the short term, while 35.3 per cent said there will be an impact over the next 20 years.

Meanwhile, NaijaAgroNet reports that agribusiness leaders are considering investing in renewable energy, the main forms of energy being considered are solar energy and biogas.

Okoli Vincent/GEE


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