Various business opportunities exist for the keen – eyed entrepreneur. Detailed below are some ideas you could develop into a viable business venture.
- Transport Services:
Africa’s transport network is still in its early stages of development.
Here in Ghana, the year 1927 witnessed the operation of bus services by the Accra Town Council in Accra, Kumasi, Sekondi–Takoradi and Obuasi.
And since then, a number of companies have jumped into the fray promising speed, safety and convenience.
Bespoke services such as group transport at specified time periods, especially for corporate executives may provide a leeway for them out of the hustle and bustle of daily activities especially in areas with high population densities.
Agriculture continues to be the mainstay of several economies in Africa, significantly contributing to the Gross Domestic Product (GDP). Various fruits, vegetables, cash crops and animals are traded in either for subsistence or commercial use.
Flora could be grown and packaged in their fresh state either for domestic sale or export. Fauna can also be reared, processed and packaged for the same objective. Additional services such as door – to – door delivery of such produce could set the stage for a great business prospect.
- Media & Entertainment:
Africa’s media and entertainment industries have experienced exponential growth in recent years. Democracy and its related “Freedoms” have led to the promulgation of a myriad of laws that protect citizens who desire to air their opinions on substantive matters that border on national interest.
Despite this boom, there exist several opportunities electronic and print media, as well as in the entertainment sector that one can tap if determined to.
With such platforms readily available, a business concept that is often overlooked could be developed and made available for all to enjoy. Such patronage would consequently stimulate the desired returns if properly exploited.
- Leather Products:
Africans enjoy things African! Unique designs on shoes, bags, belts and other items could set the stage for a unique business enterprise.
Qualities such as durability and design, when properly marketed would make waves not just in Africa, but the world at large.
Our forests and wildlife habitats abound with several animals with beautiful skin designs.
Except those officially labeled as on the verge of extinction and as such unavailable for hunting, other species could be used for this purpose, and with the right procedures followed in this venture, one could find himself uniquely positioned to make available a product not just for local use, but for the international market as well.
Energy is a global resource. Petroleum, electricity, oil, gas and other forms of energy assist in no small way in the daily lives of all and sundry.
According to the International Energy Agency, “The International Energy Agency’s (IEA) Africa Energy Outlook – a Special Report in the 2014 World Energy Outlook series – offers a most comprehensive analytical study of energy in Africa, specifically in sub-Saharan Africa, the epicenter of the global challenge to overcome energy poverty.
More than 620 million people live without access to electricity and nearly 730 million people use hazardous, inefficient forms of cooking, a reliance which affects women and children disproportionately.
Meanwhile, those who do have access to modern energy face very high prices for a supply that is both insufficient and unreliable. Overall, the energy sector of sub-Saharan Africa is not yet able to meet the needs and aspirations of its citizens”. IEA – Africa Energy Outlook, A FOCUS ON ENERGY PROSPECTS IN SUB-SAHARAN AFRICA World Energy Outlook Special Report (2014).
YoungAfrican entrepreneur, the ball is in your court!
- ICT Services:
In the year 2013, statistics available indicate that there was a “strong ICTs growth, particularly in mobile-cellular network (63.5% penetration), 16.3% Internet users – almost half the developing country average of 31% and 6.7% of households have Internet access at home” – International Telecommunications Union – 2013 AFRICAN ICT WEEK, on the theme “Africa’s ICT development challenges and opportunities”
Demand for ICT experts are now more than ever. Develop a viable business concept in this area, design a unique service strategy for your clients, and watch your business grow.
- Market Data:
Everyone needs information. Business growth thrives on the availability of credible information that could assist in decision making.
Making such data available on a consistent note, and at a fair price could set the stage for a winning business venture.
Tourism is one of Africa’s very important brands. All countries of the continent have something truly unique to show people who have a soft spot for nature’s wonders.
Water bodies, Museums and Gardens are but a few of the many options a keen – eyed entrepreneur can tap into and effectively transport into a natural masterpiece. Explore such options and work hard to enable others truly appreciate what nature has to offer humankind.
- Health & Beauty Products:
Another area of business that is gradually attracting attention is health and beauty products.
We all desire infection-free bodies and with the proliferation of various medications, all touting their ability to provide remedies, the availability of the right product at the right price may just as well set one on the road to a good business initiative.
Whether playing middle – man role for an existing product or the manufacture of a new one, a product that provides such a solution may stimulate a volume of demand that would leave you surprised.
- Waste Management:
Africa continues to “battle” with waste materials and efforts to ensure an effective waste management system, has left more room for improvement.
Several individuals and institutions are involved in the “waste war”, and to settle for this business means to ensure that you have done your homework well.
Regardless of the above, a resolute determination to provide a cost-effective strategy to assist in the correct disposal of waste may kill two birds with one stone; making Africa a cleaner continent, and earning income as well.
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