Electricity generation and distribution in Nigeria remains erratic. Only 50% of the population have access to electricity, and more than 90 million Nigerians – about the population of Singapore, Malaysia and Thailand combined – are without access to electricity. Access in rural areas is even worse with only 10% of the population having access.
Growth in the urban population of Africa can potentially lead to a US$1tn regional market for African producers by 2030. Agriculture and food processing are vital for creating this $1tn industry.
Internet use in sub-Saharan Africa is on the rise, supported by growing smartphone ownership and connections to multiple undersea communications cable systems. Broadband uptake grew 34% per year between 2008 and 2015, and penetration is anticipated to reach 80% by 2020, up from 20% in 2015.
It is undeniable that there is a correlation between a country’s business environment, foreign direct investment inflows and international trade performance. Countries that make setting up businesses easy, allow clearance of goods at ports with little hassle, grant entry and exit visas to investors and visitors alike in quick time, enable the registration of property with little trouble, provide reliable electricity, and make documentation like construction permits easy to acquire, attract more foreign direct investment (FDI).
Cassava is a starchy tuber produced mainly in the tropical and subtropical regions of the world, both north and south of the equator. The root was introduced to Africa between the 16th and 17th centuries by the Portuguese, who brought the stems from Brazil. From the delta of the Congo River (where it was initially planted in Africa), cassava spread throughout the continent and, today, the tuber is cultivated in more than 35 countries.