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Africa is a really blessed continent where investors can get amazing return on their investment if and only if they can come up with a perfect system that will suite the needs of Africans. Africa has a population of almost close to a billion people, your market can not get bigger than this. One of the major problem that hinders people from investing in Africa is knowing the right business idea to invest in, this is more so especially to oversea investors who want to invest in the continent. You may not fully understand the African market but one things that might attract you is the huge market opportunity the black continent offers. Investodia will bring you some business ideas to invest in if you want to do business in any part of Africa. Amongst these ideas are:
1. Food Processing & Agriculture:
As the world’s population increases rapidly (recently exceeding the 7 billion mark), global agricultural production must rise to feed these growing numbers. Much of that increased agricultural production will come from Africa. The opportunities in Africa’s food and agribusiness space remain huge and will not go out of fashion anytime soon. The demand of quality food is increasing for a growing population, especially in urban areas. This situation presents many business opportunities in food industry sector. It is time for you to seize these business opportunities by starting a small food processing industry and create value-added products from cereals, grains, nuts, fruits and vegetables.
Invest and start a business in Food Processing & Agriculture in Africa. Here’s some projects for investment:
· Modern Soyabeans Production
· Modern Vegetables Production
· Modern Fruits Production
· Modern Maize Production
· Modern Cassava Production
· Small Scale Rice Mill
· Small Scale Palm Oil Extraction Mill
· Honey Processing Plant
· Poultry Feed Plant
· Water Purification and Bottling Plant
· Sugar Cane Production Plant
· Dairy Processing Plant
2. Tourism:
An important factor in the expansion of tourism in Africa relates directly to the number of private companies attracting regional and international investment. Evidence of this growth is in the number of global hotel chains that are investing in major projects in Africa. The rapid growth of tourism in many developing countries also introduces new threats to the environment. Water and energy consumption, utilization of natural resources, and increased wastes are just some potential negative environmental impacts. Through sustainable forms of tourism development many of these impacts can be mitigated. Sustainable tourism development is also smart business, as a growing numbers of travelers increasingly seek environmentally friendly vacation destinations.
You're all geared up and you must find some profitable Tourism Investment Opportunities in Africa. You therefore feel it is wise to use some of your saving to start a Tourism business in Africa. You will find Uganda information on these six (6) major Tourism Investment Opportunities
· Tour Operators
· Water Sports
· Hotel Accommodation
· Serviced Apartments
· Conference and Incentives Travel, and
· National Park Concessions
3. Building and Construction Supplies:
Africa is going through a construction boom, an opportunity that will certainly create a lot of wealth for entrepreneurs on the continent. High building and construction activities are often signs of growing economies. When the economy looks good, the demand for residential, commercial and all kinds of real estate usually goes through the roof. The successful delivery of the government and the private sector infrastructure programs depends on the effective functioning of many stakeholders – including the building and construction materials sector. Against the need for a healthy building and construction materials sector, the cidb has developed this report on the building and construction materials sector. A key focus of this study has been on:
• Opportunities and challenges in the building and construction materials sector, and specifically;
• Opportunities for new job creation, enterprise development, and empowerment in the building and construction materials sector.
Cement is just one example of several building and construction supplies that are growing in demand across Africa.
4. Fashion & Beauty:
Africa’s fashion and beauty market is developing at an impressive rate. The continent’s overwhelmingly young population provides a ready market for trendy fashion. All kinds of apparel, including locally-made fabrics and imported designer labels have become hot-selling products across Africa’s rapidly expanding urban areas. Africa has hundreds of rising stars who are building successful businesses in the fashion and beauty industry. The beauty industry in the Middle East and Africa was estimated at about $20.4 billion in 2011, according to the market research company Euromonitor International. South Africa alone represented $3.9 billion; Nigeria and Kenya are second and third among sub-Saharan nations, with Kenya’s market totaling more than $260 million. Over all, Africa is the next frontier for global luxury goods brands. African fashion has enjoyed massive media presence in recent times, which means the world is now aware of the industry and the capabilities of its designers.
5. 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. In my country Nigeria, companies such as MainOne and Glo have taken the lead in the laying of fiber optics cable but the industry is not yet competitive; and other African countries are still untapped.
6. Power generation.
Nigeria’s need for infrastructure in the field of power generation. The government in fact has announced its plan to attract $100 billion in investments over the next five years for its power sector. And when there is a need to be satisfied, there are much business opportunities behind.
In fact, there is a plan privatization process in place and to be sincere with you; power generation is the next big business not only in Nigeria but 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.
Are you an investor or entrepreneur looking to invest or start a business in any of the African countries? Do you want to know the best investment opportunities or small business opportunities in Africa for 2019? Then here you have some ideas to invest in
Centuries ago, Europe was the darling economy of the world; until America rose to become the world’s economic power. Now, Asia has the most countries with the fastest rising economy followed closely by Africa. Africa is perceived to be one of the frontrunners of future economic growth next to Asia.
Africa’s foreign development investment has significantly improved over the past decade. It is forecasted to have a $150Billion growth in 2015 and growing yearly with Africans themselves leading the investment growth across the continent
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