Phatisa, a South African private equity firm that manages the African Agricultural Fund (AAF) which has $300 million to invest in the continent, is planning investments across East Africa in a range of agri and food related companies. Phatisa believes that with the right funding the food sector of the EAC will explode. Agriculture accounts for 70% of the jobs in Africa which has the highest birth rate and fastest growing population growth in the world, signaling a need for increased food production.