It seeks to achieve an annual growth rate of at least 6% in agricultural gross domestic product in every country involved through an investment of at least 10% of annual national budgets in the agricultural sector. To date, 43 African countries have formally joined the CAADP process.
Africa is endowed with fertile soil, a favourable climate and affluent water basins, and thus possesses all the necessary conditions for a flourishing farming region. Agriculture employs 65% of Africa’s labour force and accounts for 32% of its countries’ gross domestic product. Agriculture is thus the backbone of most economies in Africa. As a sector, it can contribute towards major continental priorities, such as eradicating poverty and hunger, and boosting intra-African trade and investments, rapid industrialisation and economic diversification, as well as sustainable resource and environmental management. It can also support the creation of jobs, human security and shared prosperity. However, inadequate funding, poor rural infrastructure, neglected agricultural research and the adverse effects of climate change have led to the continent experiencing some challenges in fully exploiting its potential to increase food and agricultural production.
CAADP was established in 2003 by the African Union (AU) and NEPAD. It seeks to achieve an annual growth rate of at least 6% in agricultural gross domestic product in every country involved through an investment of at least 10% of annual national budgets in the agricultural sector. In the 2014 AU-adopted “Malabo Declaration on Accelerated Agricultural Growth and Transformation for Shared Prosperity and Improved Livelihoods” ( June 2014), African leaders committed themselves to ending hunger and halving poverty on the continent by 2025.