Great business ideas to execute in Africa - Issue #1

Selby Webb

Published by Selby Webb
Co-founder, Editor and Head of Marketing of SuccessField


2 years ago

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While the realists, pessimists and optimists argue whether the glass is half full or half empty, the opportunist has already drank out of it. Speaking in terms of business, Africa is an opportunist’s paradise . In other words; the market is still fresh. As a native African, most of my examples lead back to my experiences. Here are a few profitable business ideas.


Food delivery service

sandwich-833607_1920

While the population in other continents is used to ordering food & receiving the delivered goods within the next 30 minutes, Africans still can’t take this service for granted. I acknowledge the fact that the infrastructure isn’t the same in every country, but even a food delivery service for workers should be possible in most countries nowadays.


Job-agency

customer-879898_1280

Additional to the high unemployment rate, finding a respective job-agency, that recruits on a professional basis and knows which qualities the employers are looking for, is not common. Finding the right people for companies and firms to hire will lead to making the economic system a lot better, which will lead to a lower rate of unemployment and can make you a lot of money.


Housing

castle-66322_1280

Buying a house in Africa seems impossible for the average Joe. Some nations can charge prices that even surpass the standards of European countries. Luanda, the capital of Angola, charges over 11’000 US$ for a one bedroom apartment in the middle of the city.  Frightened by examples like this, many investors aren’t willing to put their money into real estate because they fear that most Africans can’t afford it. To be honest, it’s even true. But how many Americans can afford to live right next to the central park? Furthermore, other investors are afraid of supplying the real estate in Africa because of the low amount of profit they can expect, not to mention the corruption. Think ahead is all I can say. When you take a good look at Dubai 30 years ago, you won’t believe your eyes. Being an opportunist, one who takes advantage of any situation to achieve an ambition, is based on vision.

The only thing worse than being blind is having sight but no vision. – Helen Kell


Energy

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power-poles-503935_1920

Not too long ago I was in Zimbabwe visiting a friend. We were reaching the best part of a movie when suddenly the whole electricity shut down. The most shocking thing for me was his reaction; he didn’t look surprised. His explanation was devastating: “This happens on a regular basis. We don’t have enough electricity to supply the whole city and sometimes the others need electricity too.” Energy transportation is a huge problem in Africa. Central and big cities like Johannesburg aren’t affected but slums and isolated towns are. Entrepreneurs are making their move and step by step I’m seeing the difference. Hereby, kudos to the project “Akon lighting Africa”.

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Great business ideas to execute in Africa - Issue #1

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

While the realists, pessimists and optimists argue whether the glass is half full or half empty, the opportunist has already drank out of it. Speaking in terms of business, Africa is an opportunist’s paradise . In other words; the market is still fresh. As a native African, most of my examples lead back to my experiences. Here are a few profitable business ideas.


Food delivery service

sandwich-833607_1920

While the population in other continents is used to ordering food & receiving the delivered goods within the next 30 minutes, Africans still can’t take this service for granted. I acknowledge the fact that the infrastructure isn’t the same in every country, but even a food delivery service for workers should be possible in most countries nowadays.


Job-agency

customer-879898_1280

Additional to the high unemployment rate, finding a respective job-agency, that recruits on a professional basis and knows which qualities the employers are looking for, is not common. Finding the right people for companies and firms to hire will lead to making the economic system a lot better, which will lead to a lower rate of unemployment and can make you a lot of money.


Housing

castle-66322_1280

Buying a house in Africa seems impossible for the average Joe. Some nations can charge prices that even surpass the standards of European countries. Luanda, the capital of Angola, charges over 11’000 US$ for a one bedroom apartment in the middle of the city.  Frightened by examples like this, many investors aren’t willing to put their money into real estate because they fear that most Africans can’t afford it. To be honest, it’s even true. But how many Americans can afford to live right next to the central park? Furthermore, other investors are afraid of supplying the real estate in Africa because of the low amount of profit they can expect, not to mention the corruption. Think ahead is all I can say. When you take a good look at Dubai 30 years ago, you won’t believe your eyes. Being an opportunist, one who takes advantage of any situation to achieve an ambition, is based on vision.

The only thing worse than being blind is having sight but no vision. – Helen Kell


Energy

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power-poles-503935_1920

Not too long ago I was in Zimbabwe visiting a friend. We were reaching the best part of a movie when suddenly the whole electricity shut down. The most shocking thing for me was his reaction; he didn’t look surprised. His explanation was devastating: “This happens on a regular basis. We don’t have enough electricity to supply the whole city and sometimes the others need electricity too.” Energy transportation is a huge problem in Africa. Central and big cities like Johannesburg aren’t affected but slums and isolated towns are. Entrepreneurs are making their move and step by step I’m seeing the difference. Hereby, kudos to the project “Akon lighting Africa”.

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+