Let me ask a quick question, what do you think is the richest source of business ideas and opportunities in Africa?
1. Foreign Aid
2. Luck
3. Optimism
4. Problems
My answer is (D) Problems...
Now, creating solutions that
will fix Problems is the secret to business success in Africa. And African has
LOADS of Problems! If you really want to made load of money in African you have
to find problems and fix them. Here I will share some of my opinions on
available problems and possible opportunities:
My Number one ides is FOOD,
- Humans require food to survive; it is the basic of everyday need. "even the kings depends on it"
- Africa has the Population; a population of over 1 billion people who have to eat daily, that is a lot of mouths to feed!
- The demand for food is HUGE
- The man power is readily available
Africa has 60 percent of
the worlds fertile and uncultivated land, and still Africans still spends
billions of dollars every year on food imports from abroad.
With its cheap land,
abundant labour and favourable climate for agriculture, African has the
potential to feed the world with:
- Grains (rice, corn, wheat etc.)
- Roots and Tubers (cassava, Potatoes and yams)
- Livestock (cattle, pigs, sheep)
- Fruits and Vegetables
- Edible oils (soybean oil, palm oil etc.)
My Number two is
ELECTRICITY
Africa's demand for
electricity is huge and growing like never before. This is as a result:
- Growing urban population
- Africans need to charge their mobile phones and home
appliances.
- Lighting for homes and businesses
What are the
opportunities?
- Solar Power: With over 300 days of bright sunlight
every year, solar power remains one of Africa's most abundant but scarcely
used resources.
In this area one can sell
and install solar water heaters, solar batteries, solar mini generators, street
lights, power back up systems, accessories, solar refrigerator and freezer.
My number three is
EDUCATION
Africans are desperate
for quality education and even poor parents are willing to pay a premium to
educate their kids.
Where are the
opportunities?
- Primary and Secondary Education
- University Education
- Professional Training and Certification (IT, Services
etc.)
- Vocational training (Technicians, Artisans etc.)
- Personal Development Training
My number four is WASTE
The waste collection, disposal and recycling industry
is a multi-million business in Africa.
My number five is TRANSPORTATION
Due to the increased urbanization and economic
activities, over 600 million Africans need reliable transportation every day to
get to work, school, market etc.
Where are the opportunities?
- · Water, Air and Rail Transportation
- · Vehicle sales, maintenance and repairs services
- · Professional Car Hire Service
- · Inter and Intra city bus transport services
- · Driving Schools training
My number six is HOUSING
With over 1 billion people and one of the world’s
fastest growing populations, Africa will need more than 100 million new homes
to avoid a housing crisis in the coming years.
Where are the opportunities?
- · Real Estate Investment
- · Residential and Office Accommodation
- · Hotels and Travel Lodges
- · Building and Construction Materials (cement, woods, roofing sheet, etc.)
My number seven is ENTERTAINMENT
My number eight is TOURIST
My number nine is SPORT
To be continued…..
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