Industry experts consider Africa in relation to economic growth and business opportunities as "new Asia". Africa becomes an increasingly attractive hub in view of various economic, political and social reforms, which leads the continent, which leads to a promising business environment that promotes foreign direct investmentsAs a result, there is a widespread development of a critical social and physical infrastructure, and there is an increasing pool of well -trained, English -speaking, entrepreneurial workers in most countries on the entire continent.
It is true that there are many amazing business opportunities in Africa. However, it can become very confusing if you do not know where to look. In this article I will show you some of the hottest business opportunities in Africa that create more successful entrepreneurs.
1. Food processing and agriculture
Since the world population increases quickly (recently over the 7 -billion mark), global agricultural production has to increase in order to promote these growing numbers. A large part of this increased agricultural production will come from Africa.Stay huge and will not go out of fashion as quickly. The demand for high -quality food increases for a growing population, especially in urban areas. This situation offers many business opportunities in the field of food industry. It is time for you to use these business opportunities,By founding a small food industry and making products from grain, grain, nuts, fruit and vegetables.
Investing and starting a company in food processing and agriculture in Africa. Hier are some projects for investments:
Modern soybean production
- Modern vegetable production
- Modern fruit production
- Modern Mais production
- Modern maniocproduction
- Rice mill small scale
- Small palm oil extraction mill
- Honey processing plant
- Poultry feed
- Water cleaning and filling system
- Sugar cane production system
- Milk processing system
2. Tourism
An important factor for the expansion of tourism in Africa relates directly to the number of private companies that attract regional and international investments. The proof of this growth is in the number of global hotel chains that invest in large -scale projects in Africa.in which you can invest:
- Tour operator
- water sports
- Hotelunterkunft
- Serviced Apartments
- Conference and incentives travel
- National park concessions
3. Construction and construction supplies
Africa goes through a construction boom, an opportunity that will certainly create a lot of prosperity for entrepreneurs on the continent.of real estate usually through the roof. The successful provision of the government and the private infrastructure programs depends on the effective functioning of many involved - including the building and building materials sector.Design is just an example of several building and construction preparers that are in demand throughout Africa.
4. Fashion and beauty
Africa's fashion and beauty market develops at an impressive speed. The predominantly young population of the continent offers a finished market for trendy fashion. All types of clothing, including locally produced substances and imported designer labels, are in the rapidly growing urban areas of AfricaMoving to hotly sold products. Africa has hundreds of rising stars that build up successful companies in the fashion and beauty industry.. All South Africa made up 3.9 billion US dollars; Nigeria and Kenya are second and third in the nations south of the Sahara, with the Kenya market more than $ 260 million. Overall, Africa is the next border for global luxury goods brands. The African fashion has recentlyt massive media presence enjoyed, which means that the world is now aware of the industry and the skills of its designers
5. Create a full service job agency
In view of the high rising unemployment rate in Africa, many graduates are desperately looking for employment opportunities. Why cannot they be the connection between you and your potential employers? This is a gap that has not yet been fully invested in different countries in Africa.
6. Glass fiber optics + Internet services Provision
While Africa opens up to the world, the demand for quality elective and internet service increases enormously. For example, we take video and web conferences, Smart TVs are not yet fully used in Africa due to the poor internet speed in most African countries.
This is where the need for fiber optic cables comes into play.This opens doors for the outsourcing business and e-commerce companies because the price for the internet connection is lower. In my country Kenya, companies such as Safaricom and Zuku have taken the management of laying fiber optic cables, but the industry is not yet competitive. And other African countries are still unused.
7. Real estate development
The purchase or development of commercial properties in Africa is very advantageous because it has valued in the past ten years. Evidence of this is the fact that the demand for commercial properties in countries such as South Africa, Ghana, Nigeria, Egypt, Kenya etc.has increased to 400%, growth of foreign investors and the increasing demand for offices by new companies.
But is commercial properties the only lucrative aspect of real estate in Africa? My answer is no. There is also an overwhelming need for residential properties and the rest. In the deed, they dare to make ample profit regardless of the real estate sector.
8. Healthcare
The standard of health care in Africa is still remaining in comparison to the standards in Europe, Asia and America. Suitary and tertiary health services have a high investment potential in Africa, since health management, research and information technology are missing.to serve social cause.
As an example in my country Kenya, the health facilities on site are outdated and unreliable that most people abroad seek a medical examination and that sensitive operations such as heart and kidney transplants are carried out abroad.
9. ICT -infrastructure
Since Africa is missing in the infrastructure in the field of communication and information technology, this is a good investment option. There are local IT and communication companies that want to expand their business and are seriously looking for foreign investors to enable this.Private investors to get a flourishing company to improve its business activities for a profit in return.
10. Power generation
10. On my top -7 list of investment options in Africa is Kenya's need for infrastructure in the area of electricity generation. Look at how the Kenya power has taken a monopoly for this important need!Invest Africa.
11. Agrar-Allied Investment
Since the world population increases quickly (recently over the 7 -billion mark), global agricultural production has to increase in order to promote these growing numbers. A large part of this increased agricultural production will come from Africa.Stay huge and will not go out of fashion as quickly. The demand for high -quality food increases for a growing population, especially in urban areas. This situation offers many business opportunities in the field of food industry. It is time for you to use these business opportunities,By founding a small food industry and making products from grain, grain, nuts, fruit and vegetables.
Investing and starting a company in food processing and agriculture in Africa. Hier are some projects for investments:
- Modern soybean production
- Modern vegetable production
- Modern fruit production
- Modern Mais production
- Modern maniocproduction
- Rice mill small scale
- Honey processing plant
- Poultry feed
- Water cleaning and filling system
- ·Sugar cane production system
- Milk processing system
12. E-commerce investment
The e -commerce prospects in Africa have increased a higher increase after the active inclusion of delivery companies at the transactions, and today the leading online shops such as Jumia achieve average transactions per week worth around 2 million US dollars, which is a clear indicationIt is that the industry has great growth potential.
In conclusion, I would like that you know that every economic sector in Africa has great potential. Technology, agriculture, food industry, services, real estate, etc.