Italian Companies Partner with Government to Boost African Agriculture
Jan 17, 2025

Italian Companies Partner with Government to Boost African Agriculture

Rome's latest development initiative in Africa sees a collaboration between Italian aerospace giant Leonardo and the agro-industrial group BF, aimed at fostering agricultural growth across the continent. According to a Reuters report, the agreement was signed on Friday, marking a significant step in the so-called Mattei plan. Initially focused on nine countries such as Morocco, Tunisia, Egypt, and Algeria, this plan seeks to stimulate economic growth and reduce immigration pressures into Italy.

With Prime Minister Giorgia Meloni recently announcing an extension of the four-year plan to include Angola, Ghana, Mauritania, Tanzania, and Senegal, the initiative now encompasses 14 countries. A fusion of space technology and sustainable agriculture forms the core of this initiative. Leonardo, under the leadership of Chairman Stefano Pontecorvo, will contribute space-monitoring technology through Telespazio, a joint venture involving French partner Thales and its satellite subsidiary e-Geos. Simultaneously, BF's agricultural projects, bolstered by a 400 million euros investment plan over three years and state-supported loans, aim to enhance crop yield and address challenges of climate change, soil erosion, and resource management.

Data from the IndexBox platform indicates that agricultural machinery imports to these African countries have seen a steady increase, suggesting a growing market for technological solutions in agriculture. The collaboration aligns seamlessly with these trends, promising the local population the necessary tools and skills to optimize land use.

Beyond the immediate partnership, the Italian government's diplomatic adviser, Fabrizio Saggio, highlighted the ambition to secure further agreements with other Italian corporates across strategic sectors identified jointly with African nations involved. By prioritizing a non-colonialist approach, the initiative seeks to empower local communities with enhanced agricultural capabilities.

Source: IndexBox Market Intelligence Platform

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  12. LIST OF TABLES

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  13. LIST OF FIGURES

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    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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