A selection of business ideas that have come across our desk. It is innovations like these that will enable us to move the dial on the Sustainable Development Goals as the driving force for wider economic development. One fundamental business opportunity that I see is in affordable housing. Affordable housing options have not caught up with the rate of population growth and urban migration. Hasnain Noorani, the CEO of Pride Group, a Kenyan-company involved in the hospitality, transport, travel and energy industries, believes garbage disposal could be the next big thing in Africa. Hygiene has become an issue that needs to be tackled. The amount of garbage that is collected on a day-to-day basis in Africa is huge. This may involve coming up with equipment that can take in all that garbage and using it to produce a renewable energy source. The types of retailers that are currently present in Nigeria are not offering a discount product to the public. We need value discount retailers to… look at the market opportunity in Nigeria.
2. Housing As Business Opportunity In Africa
Interestingly, from to , the number of millionaires on the continent grew by more than percent, compared to the worldwide growth rate of 73 percent. Most parts of sub-Saharan Africa enjoy more than days of free God-given sunlight every year. In most cities and towns, power outages are the norm and people often have to rely on noisy petrol and diesel power generators. Solar energy is free, absolutely clean and abundant. And it provides the best alternative for people in remote parts of Africa who are out of reach of electricity grids. Interestingly, some smart entrepreneurs are rising to the challenge of lighting up Africa through solar energy, and are very likely to join the millionaires club in The company is already on track to provide solar power to 1 million homes in East Africa by and has recently expanded into Rwanda. This Kenyan-based business has already provided solar power to nearly , homes in Kenya, Tanzania and Uganda. And with the continued harsh impacts of low crude oil prices in , sleeping agribusiness giants like Nigeria and Angola are finally putting a strong focus on agribusiness as a means to diversifying their economies. This means that governments in these countries are now more open and supportive of agribusiness initiatives. Africa is currently the second fastest growing market for mobile phones, after Asia. This has created a huge opportunity for low-priced smartphones that are now hitting the African market.
1. Start Agribusiness In Africa
In the last eighteen months, over a dozen low-priced smartphone brands have debuted on the African market. However, some smart African entrepreneurs are already making impressive moves to conquer the internet access market.
If You Want To Do Business, Make An Impact, And Make Money In Africa, This Book WILL Change Your Life!
Lately I see a lot of people asking me on WhatsApp about business ideas they can get into with little startup cost. The truth of the matter is that, ideas are everywhere and you just need to open your mind to grasp what is being given to you. They are more than this but for start, here are the 50 ideas. Blogging has come a long way in making money online in this generation. This is where your passion can make you money. If you love fashion, you can have a fashion news blog, have a how to do fashion blog and so on. And having a well-designed blog and managing it is easy. This is one of the coolest job especially among women in Nigeria.
2. Housing As Business Opportunity In Africa
Enter your mobile number or email address below and we’ll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer — no Kindle device required. To get the free app, enter your mobile phone number. Would you like to tell us about a lower price? Learn how to Find The Best Investment Opportunities and Business Ideas That Work in Africa ‘ Ways To Make Money In Africa’ is the most detailed compilation of business ideas, on-the-ground facts, market intelligence, tips and advice for anyone who’s looking to start a business or invest in Africa. We wrote this book to show you the unbelievable business opportunities that exist in Africa and the amazing success stories that prove their viability and profitability. We wrote this book to spark your brain with innovative ideas that will make you money in Africa. If you’re looking for a rich source of big and small business ideas that work in Africa, this is the book you’ve been waiting for! You’ll find lots of innovative, practical and proven business ideas that have already shown their potential to make money on the continent. It’s true. But most times, it’s hard to separate the hard facts from all the hype and fiction. This book provides you with the facts, market intelligence and information that are well-researched, realistic and sound. In this book, we share several inspiring success stories of entrepreneurs, investors and business people who have nailed it in Africa. Their experiences will teach, inspire and spark your imagination!
Buying Options
Whichever form you decide on, ensure you package your services well, and watch as cash flows in. Any capitalized company with interest in African energy sector with the right connections would be able to break even when the sector is capital intensive. If you constantly sketch designs and also dream of people wearing what you have designed, then it is time you start taking your dreams seriously. Each day, the various African cities become new homes to over 40, people, the majority of whom cannot find a roof over their heads. I find agriculture as a gold. The majority of housing investment in most African countries currently comes from government investment or domestic savings rather than finance obtained through international capital markets as is mone case in developed economies. You would have to be well versed in most computer software and busiess. The high demand for housing leaves significant gaps that can be filled by entrepreneurs. Investors are now venturing into this market by providing capital to upcoming entrepreneurs in Africa. Africa exports a few local commodities that they produce. If monye are businexs with your hands, this is a business you can go into, as you can teach others how to make crafts as. If you can speak more businness one language, then you can hire yourself out to people who might require your services. Planting and selling of produce is a rewarding business that is not too expensive to start up. Even business ideas to make money in africa most people have a computer, they might not be versed in its usage and so might require the services of one who is.
1. Start Agribusiness In Africa
Africa is a highly resourceful continent with a great return on investments if you can be able to strategize and tap into the huge market. With a population that is almost equal to 1 billion people, your market cannot be bigger. Africa is currently perceived as a new land of opportunity by the world. The current fight for access to Africa by the west and the Chinese buttress this fact. Creating tools and services for this community to provide investment advice and personal financial planners to intending investors and those willing to learn the African market.
This opportunity could be packaged in the form of a confidential investment newsletter, market research agency, investment boutique, index fund, index tracker agency.
The trend towards digital library is soon going to envelop the black continent. Africa will soon by-pass the area of huge physical libraries which require a lot of funding, logistics, and infrastructure and go directly to digital libraries where students and citizens could access millions of books and materials through mobile devices and tablets.
Smart entrepreneurs may want to explore this opportunity to negotiate the deals, clear the path of adoption and build the necessary platforms that will support this revolution and start off a new trend of business in Africa. Africa has a huge housing problem in all its urban areas especially as most people rather go to live in urban areas than in the rural areas. The government is overwhelmed by housing projects and integration with private investors in this area will meet the need of a lot of people who in return, will drop their cash.
If there is anything that lacks in Africa, it is access to valuable data. Independent projects monitoring and translating data is one of the sectors that is completely naive in Africa. To enable the international community fund their project adequately, they need access to such valuable and raw data. Currently, this job is done by hiring huge consulting firm in Europe and the west which spend a lot of money subcontracting it out to other smaller firms to gather and organize their data.
An African company that will specialize in field services and data collection will be able to fill this gap and become a valuable resource to the international community. This sector offers an amazing platform to serve the ever growing need to supply work equipment and bridge the gap between technologies in Africa and the more technologically advanced countries.
Here comes one of the biggest challenges faced in Africa. The secret of making money is by providing the services that meet the need of a lot of people and in return for these services, they offer you money and if your price is competitively low, you have a lot of subscribers and you make more money. The energy sector is one sector that is promising for investors. Any capitalized company with interest in African energy sector with the right connections would be able to break even when the sector is capital intensive.
E-commerce in Africa is still at its infant stage. While the biggest challenge faced by this sector is online fraud, anyone who comes out with a way to sanitize or limit the risks within the online environment will be able to reap the benefits of this huge market.
A ready and customer friendly service will help gain some trust for anyone trying to venture into this field. As seen in the developed countries, African businesses will gradually start to pay close attention to their brands and Intellectual Properties IP.
There would be a need for IP companies to structure the groundwork for monitoring and identifying breaches and taking actions against IP offenders. The social media, internet, and mobile technology serve as a great empowerment tool in the hands of a concerned government. Building a platform that allows government-citizen interaction with a rating and shared ideas on implementation will go a long way in bringing about a transparent government and of course with proper backing and monetization strategies, a good return on your investment.
These are a just a few of the business ideas that would work in Africa when pursued from the right angle. You can also share your ideas using our comment.
Answers Africa. Who is Cory Booker? Here Are Facts.
Big and Small Business Ideas — 7 Lucrative Ways to Make Money in Africa
Smart Business Ideas in Africa
Are you an investor or entrepreneur looking to businsss investment opportunity, looking to starting a business in any of the African countries? Do you want to know some investment opportunities or small business opportunities in Africa? In this article, We will share with you 7 lucrative ways to make go in Africa plus opportunities on the continent that will bring huge returns on investment. Food Humans require food to survive. Africa is home to over 1 billion people who have afriac eat every day.
Join us on social media
The demand for food and products in Africa is very high. Did you also know that Africa still spends billions of dollar every year on food importation from abroad? With its cheap land, abundant labour and favorable climate for agriculture, Africa has the potential to feed the world with the following:. Electricity Did you know that all the 48 countries of Sub-Sahara Africa combined with a population of more than million people — generate roughly the same afrcia of electricity as a country like Spain just not a big country with less than 70 million people? The demand for electricity in Africa is high and growing. Why this: Growing urban population Africans needs to charge their mobile phones. There are now over phones on the continent Lighting for homes and businesses Power for electrical appliances. Africans are desperate for quality and good education and even poor parents are willing to pay more to educate their children. Waste Africans generate over 80 million tonnes of waste per year. The was collection, disposal and recycling buxiness is a multi-billion dollar business industry in developing countries. Transport Due to increase in urbanization and economic activities, over million Africans need reliable transportation everyday to get either to work, market, school, functions. Africans in the city spend up farica 40 percent of their income on transportation. Unemployment Six of the top ten fastest growing economies in the world are in Africa, the continent still has one of buziness highest unemployment rates in the world today.
Comments
Post a Comment