Substantial growth in Africa’s agribusiness sector have presented new market opportunities for U.S. equipment, technology and service providers.
A delegation of public and private sector agribusiness leaders from Nigeria visited the United States to meet with U.S. agricultural equipment manufacturers and providers of cutting-edge U.S. technologies and services in October 2019.
Substantial growth in Africa’s agribusiness sector have presented new market opportunities for U.S. equipment, technology and service providers. According to a 2016 World Bank report entitled Financing Agribusiness in Sub-Saharan Africa, agribusiness in Africa could create a trillion-dollar food market by 2030. There is significant demand for agricultural tractors (55-75HP); agricultural chemicals (fertilizers, herbicides and pesticides), irrigation systems; food (grain and fruit) processing; and storage systems.
As part of the RTM itinerary, USTDA hosted a Business Briefing for U.S. companies in Omaha on Wednesday, October 9, 2019.
Those who attended the Business Briefing:
- Learned about opportunities in large-scale agribusiness projects
- Met with buyers
- Gained market intelligence
Topics of discussion were:
An overview of the agribusiness sector in Nigeria
Opportunities for U.S. agriculture equipment, technology and services
Procurements and sales opportunities for U.S. companies
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