Top 5 Thriving Businesses For Investors In Africa.
The creation of employment has not been a certainty in Africa. Even when employed, the constant rise in prices of products and the lack of salary increment makes life a little harsh. The search for a side hustle has become an affair.
There’s also the strive of upcoming entrepreneurs who invest in a lot of projects that don’t exactly fall in place.
As a way to ease the burden on people trying to invest in businesses in Africa, this article focuses on the top 5 thriving businesses for investors in Africa.
Perhaps, these businesses can generate the next set of billionaires in Africa.
5. Garbage Disposal
Africa has always been faced with the issue of garbage disposal. Citizens find ease in dumping refuse at vantage points since there are no proper disposal systems in most of the countries.
Waste management companies have been set up to minimize this situation but it still comes down to the issue of high prices. Every day, huge volumes of refuse are produced on the continent. Especially plastic wastes.
This is a problem and your solution is what makes your investment a success. Detailed research into a different way of disposing garbage at a cheaper rate for citizens would be the solution. This can be done by producing equipment that would turn the garbage into a type of renewable energy source would be helpful.
With such an approach, profit is not only made from the waste management, but also from the renewable energy it generates.
4. Intra-Country Tourism Business.
Citizens of many countries have never visited most tourist attractions in their home country. They may have learned about it in school, seen it on television but haven’t tried to visit due to finances.
Certain institutions and groups such as churches, keep fit clubs and old school reunions plan and visit these places where members pay an amount of money but that is just it. Teachers also would usually plan an excursion where students pay a little amount of money to visit some of these tourist attractions.
But what if you made it your business? Investing totally in promoting knowledge about your country’s cultural and political heritage by planning trips.
Although a few people are already into the business, there is still more room for improvement in the sector and you can take advantage of that.
These planned trips usually come at a high cost. Cutting costs for your clients and giving them affordable packages may be a perfect marketing strategy to breakthrough.
maybe something could be done differently to build a customer base. These planned trips usually come at a high cost. Having a cheaper price as a business policy could make this business a success.
Don’t write this off as one of the top businesses for investors in Africa.
3. Manufacturing of Match Sticks
A match is used in every home across Africa. It is a simple strip of cardboard that has a solidified mixture of flammable chemicals technically deposited at one end. It usually comes in packaging that ignites the flammable solidified end when scratched together. Some matches are also produced to light when scratched against a surface.
Setting up a match-producing enterprise in your country will eventually seize importation of the product.
In other words, some cool cash would be made. Mind you, the market is big. Almost every household makes use of this in one way or the other.
So, this is one of the most profitable businesses for investors in Africa.
2. Add Value to Local commodities and export
Agriculturally, Africa is in abundance. These same agricultural products are exported outside the country, then processed and re-imported back to Africa at higher prices.
What is the difference? Value!
Anchovies for instance are carefully cleaned, dried, and packaged back to Africa. Business owners have found a way to preserve them for a time frame. These anchovies cost huge sums of money compared to the fresh ones caught at sea.
This just translates the idea of adding value to local commodities and exporting them.
Africans who live outside the continent find it challenging to get the African commodities for their meals. Why don’t you solve their problem by adding value to some African commodities and exporting them to the western world?
The market here is also sizeable and the customers are forever willing to pay any amount to have a taste of their local meals, while they’re far away from home.
Top businesses for investors in Africa? This better be on the list!
The consolidated effects of quick urbanization, high populace development and a solid economic potential imply that Africa’s lands will remain a thriving business for investors and financial backers for centuries to come.
There’s also the question of relocation to Africa, a rapidly growing middle class and a high tourism rate which has put more demand on hotels, apartments, and even retail malls.
Although development is not simultaneously rapid in every African country, in-depth research can provide investors with the needed information before investing.
Of course, there will be hurdles which is why Real Estate investments should be done in specific rapidly growing countries economically and in terms of tourism.
Particular thoughts can be put into offering residents the privacy of furnished and fitted apartments with the convenience of hotel services.
Presently, there is a score of companies manning the real estate industry in Africa. However, the opportunities are glamorous and many companies can join the race now.
This is honestly one of the best businesses for investors in Africa.
The African continent is gradually opening up to the world and becoming one of the biggest hubs for economic activities, all over the world.
There are numerous business ventures where African investors can invest their money and expect huge returns within the shortest possible time.
However, in this article, we were able to provide you with the top 5 businesses for investors in Africa.
What’s your view? Do you know of any other businesses? Kindly share them with us in the comment box below and we shall add them to part two of this article.
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