5 TOP BUSINESS IDEAS IN AFRICA

5 TOP BUSINESS IDEAS IN AFRICA

Do you want to know the Top 5 best investment opportunities or small business opportunities in Africa?

Africa’s Business/foreign development investment has significantly improved over the past decade. It is forecasted to have a $150Billion in growth by 2015 with Africans themselves leading the investment growth across the continent. The top 5 investment ideas and small business opportunities in Africa includes.

 1. Fiber Optics + Internet service provision

As Africa open up to the world, there is a tremendous increase in the demand for quality telecommunication and internet service. Take for instance, video and web conferencing, web TV are yet to fully utilized in Africa because of the poor internet speed experienced in most African countries.

This is where the need for Fiber optics cable comes in. This opens doors for outsourcing business and e-commerce ventures as the price of internet connection will be lower. For instance in a  country Like Nigeria, companies such as Mtn, Glo, Airtel and Etisalat have taken the lead in the laying of fiber optics cable but the industry as much as it is now is yet competitive; and other African countries are still untapped.

2. Industrial Zones and Free Trade Zones

Industrial and free trade zones are springing up rapidly in Africa and currently South Africa is taking the lead. This is proof that the African government is determined to improve its world ranking.

If you run a manufacturing firm or you have plans to go global and tap into Africa’s potential, then you should consider the industrial zone because it offers strategic economic advantage with its location near local and national transportation links. This also opens doors to employment opportunities. And businesses that will be established in this zone will help support the expanding manufacturing industry and add value to the economy.

3. Outsourced Business Process Services

Another small business opportunity in Africa is Business Process Services.  This Kind of Service lowers administrative and operating costs. Thus, it makes it easy and possible for the business to provide new services, improve core business activities and enhance customer service. With the massive population and high number of jobless graduates, technicians and technologist,  For instance data entry services, database management services, call center services and customer care services are examples of services that most developed countries outsource to countries with skilled but cheap workforce.

4. Real Estate Development

 Purchasing or developing commercial property in Africa is very advantageous since it has appreciated over the past eight years. Evidence to this is the fact that demand for commercial real estate in countries such as South Africa, Ghana, Cameroun, Nigeria, Egypt, Kenya, etc have gone up to 400%, a growth caused by foreign investors and the increasing demand of offices by new businesses.

5. Power generation

Power generation is the next big business in Africa as a whole. In fact, power generation is highly untapped because the primary source of power in Africa is Hydro and it is still under-utilized while solar, wind, nuclear, etc are still untapped.

In conclusion, this list does not comprehensively determine the best sources of African business initiative, however I want you to know that every sector of the economy in Africa has huge untapped potential; from technology, agriculture, food industry, services, real estate, etc. They all have the potential to yield good return on investment.

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