Africa is growing continent with many international investors recognize that there is enough of money to be earned here in Africa. There is many opportunities in our continent that many investors and great companies are unware of, particularly given the continent’s tiny but underdeveloped economy.
According to data, Africa nations produced a 14% yearly return on investment, with Africa home to nine the world’s 15 fastest growing economies. The African continent is not only in farmlands but also in people and natural resources, and as world’s population grows, these resources will become more important in the world.
Today Umurava News, We choose to share with you 10 innovative and untapped business ideas and opportunities in our Africa.
Welcome In Africa, Let’s start our journey showing you how Africa is gold.
1. Agriculture and Agribusiness
Africa is an excellent place to start an agricultural business because of its favorable environment and there enough rainfall. Africa is well known for its agricultural exports such as beans, cocoa, coffee and tea. And also many people from Africa knows agriculture very well because it is cultural since many year until now.
Now a days, Agricultural has a ready market in world, And Africa’s climate is favorable. This business is appropriate for nations wit a favorable agricultural environment like Uganda, Tanzania, Ethiopia, Rwanda and more.
2. E-commerce Business
In the ecommerce sector, there is still plenty of opportunity for new ideas and niches. Despite the fact that E-commerce behemoths like Amazon or eBay seemed to have the whole industry in their clutches at the time, Shopify created a new kind of ecommerce business that was a tremendous success.
E-commerce is one of the lucrative companies in the world today since many people like to shop from their home without leaving also what they are doing at home or office. create a one of kind concept such as Shopify and you can be certain that international investors will be eager to collaborate with you.
3. Low Cost Private Schools
The quality of education is public school in Africa is rapidly deteriorating. This is due to corruption, a lack of knowledge, inadequate budget and also a rise in population.
Establishing a private school is one of the best business ideas in Africa that some of entrepreneurs have already implemented and they are seeing a decent return on their investment.
According to the UNESCO Institute, overall primary in sub-Saharan was about 101 million pupils, with the private sector accounting for 10% (or almost 10 million kids).
4. Real Estate
Real Estate is one of Africa’s top business ideas. In Africa, the demand for property near cities and small towns is tremendous. The most sought-after investment is land owernaship. It is also the top priority for new hires.
Buying a big plot in Africa is some how not expensive as your country is, You can also purchase a big plot and then subdivide it into tiny pieces for selling can provide enoumous profilts. This may be a profitable concept with high probabily of success.
Thes business you can do it well in Kenya and Tanzania. More information can be found at How to Invest Real Esate in Kenya or any country you wish.
5. Affordable Housing
Shelter is critical for human survival, but many African can not afford the exorbitant costs of house, particularly in urban areas. Affordable housing, such as a trailer homes, tiny houses or a house built with not traditional materials, can go a long way toward alleviating housing shortages in African cities.
If you are ready with your money, you can build modern house for not much money, and you can sell them at high price or also you can rent them to people.
That was Top 5 business ideas you can start in Africa if you are willing to come here, African people are good people with good heart to welcome anyone but with respect. If you still having old mind about Africa, I can advise to stay to your content because now Africa is great with good leadership and innovative people.