A strong and efficient agricultural sector has the potential to enable a country feed its growing population, generate employment, earn foreign exchange and provide raw materials for industries. It is however ironical that despite the great potentials Africa has in agricultural production; the continent is a net importer of food. Aside from the problem of poor access to land and modern technology, African agricultural is afforded inadequate access to credit and characterized by low investment. It is in the light of the above that this study examined the extent of agricultural credit and the factors responsible for the level of agricultural credit in Africa. The study equally analyzed the factors responsible for the low level of agricultural credit in Africa, with a special consideration given to institutional factors.