Fio Agri Holdings is a subsidiary of Fio Capital and an important part of our strategic investment in Sustainable Resources.
We believe that our investment in agriculture and food systems is essential for enhancing global food security and nutrition, while supporting the progressive realization of the right to adequate food in the context of national and international food security.
Agriculture and farming are major industry sectors across Africa, with huge numbers employed either informally or formally in the sector. Low labour costs, predominantly favourable climactic conditions is a significant benefit Africa has to offer.
The need for increased investment into Africa and sustainable agriculture is a massive market with virtually unlimited potential. Across Africa, south of the Sahara, agriculture is the predominant sector in the economies of most countries, accounting for between 30 to 40 percent of gross domestic product, and the sector is a leading source of jobs for over two-thirds of Africa’s population.
A country’s economic, environmental and social well-being is intricately linked to a healthy, well-performing agricultural sector. Increasing investments in the agri economy can deliver high-impact development returns such as increasing rural incomes, boosting food security, making cheap and more nutritious food available to Africa’s bustling cities and protecting the environment through innovations such as climate smart agriculture.
Reducing poverty in Africa is the world’s supreme development challenge, and growing the agricultural sector is key to achieving a transformational impact. The agricultural economy employs 65 – 70 percent of Africa’s labour force and typically accounts for 30 – 40 percent of GDP. More than 70 percent of the continent’s poor live in rural areas, and agriculture is their most important economic activity. With an abundance of labour, land and untapped water, Africa has the resources necessary for a massive expansion of agricultural production.
Of the world’s surface area suitable for sustainable production expansion—that is, non-protected, non-forested land, with low population density— Africa has the largest share by far, accounting for roughly 45 percent of the global total.
Fio Capital Group & Fio Agri will significantly contribute to enhancing sustainable agriculture, livelihoods in our rural and agricultural areas, including smallholders and members of marginalized and vulnerable groups, with an emphasis on creating much needed work for all agricultural and food workers, eradicating poverty, fostering social and gender equality, promoting social participation and inclusiveness, increasing economic growth with the objective of achieving sustainable development for generations to come.
Madimbo Group Holdings is a significant Avocado & Macadamia farming enterprise in the Makhado district of Limpopo Province, South Africa.