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INTERNATIONAL EVENTS

Africa most important mkt for future, based on population growth alone
Monday, 02 March, 2020, 08 : 00 AM [IST]
Dubai
Global food industry leaders gathered to discuss the African food processing opportunities at the Gulfood Innovation Summit at Gulfood 2020, which took place in Dubai earlier this year.

The panel discussion, staged by the stalwarts to explore the food processing opportunities in Africa, was titled Are you in or out of Africa?

If the global population grows from seven to nine billion by 2050, approximately one billion of that population growth will be in Africa. Inevitably Africa must represent the single most important future market based on population growth alone.

Agriculture is backbone of the economy, and the fact that a majority of the population is dependent on climatic forecast, is a poignant state for the economic growth.

Food security, improving human nutrition and boosting the economic status of mass community is obligatory for growth. Investment in the infrastructure, particularly food processing supply chain, would be a panacea for transforming Africa.  

The keynote was delivered by Ambassador Misganu Arega, state minister, ministry of trade and industry, Ethiopia. He opened his remarks on the role of Africa in shaping the food supply chain.

He emphasised on the infrastructure facilitated by the Ethiopian government and welcomed investors to invest in Ethiopia.

The discussion was moderated by Bhushan Yengade, food industry consultant, Binder Technology Consultancy. He is known for the global food industry market analysis.

He highlighted the African food processing economy and stated the utmost need for providing technical assistance to increase the level of food processing, reduction of wastage and value addition.  

Michelle Adelman, chief executive officer, Infinite Foods, being an entrepreneur in Africa, stated the need for investment in fruit and vegetable processing and poultry sectors.

According to her, the southern part of Africa has maintained a systematic food supply chain. She effectively crafted a solution by stating the need to improve the food supply chain for maintaining the food prices in Western and Northern Africa.

Annu Gupta, chief executive officer, international business, Britannia, is experienced on African market trends.

He spoke about the hurdles and scope interlinked to risk management, consumer trends and reviewing market fiasco in relation to the investments. He pointed out vibrant opportunities in the bakery and dairy sectors.

Food processing infrastructure, trade opportunities, consumer habits, investment was the epitome of summit.

The discussion was boisterous on disrupting food processing marketing strategies.

The panel agreed on rethinking food innovation opportunities in Africa, and the packed audience at the Al Multaqua Ballroom responded with a, “Yes for Africa”.
 
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