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Startup Business Opportunities in Africa

Wednesday, February 22, 2017

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Industry experts are beginning to view Africa as the “new Asia” in terms of economic growth and business opportunity. 

Many people want to make million from entrepreneurship but do not understand what step to take or what business to invest in. Africa is a highly resourceful continent with the great return on investments if you have can be able to strategize and tap in to the huge market. Africa is a land of amazing business opportunities. Fortunately, there is a growing number of entrepreneurs who are already exploiting the lucrative business opportunities on the continent.

Africa is becoming an increasingly attractive hub for investors in light of various economic, political and social reforms that are sweeping through the continent, resulting in a much improved business environment conducive for foreign direct investment.

Apart from that, there is widespread development of critical social and physical infrastructure, and there is an increasing pool of well-educated, English-speaking, enterprising workers in most countries across the continent.

It’s true there are lots of amazing business opportunities in Africa. However, it can get very confusing if you don’t know where to look. In this article, I’ll show you some of the hottest business opportunities in Africa that will create more successful entrepreneurs.

 

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:

 See more:  http://goo.gl/qnLk96

 

Pharmaceuticals: Africa may be the only pharmaceutical market where genuinely high growth is still achievable. Business opportunities are also present in the manufacturing and distribution of pharma products, marketing and sales, and investment groups. Africa’s pharmaceutical markets are growing in every sector. Between 2013 and 2020, prescription drugs are forecast to grow at a compound annual growth rate of 6 percent, generics at 9 percent, over-the-counter medicines at 6 percent, and medical devices at 11 percent. Africa’s pharmaceutical industry has great potential for boosting economic growth and creating jobs. Given current sustained and rapid economic growth, the African pharmaceutical industry, like that of other emerging markets, is expected to grow tremendously in the coming years.

Opportunities for investment in the pharmaceutical and medical supplies sub-sector in Ethiopia include :

A. Production of essential drugs:  Essential drugs that satisfy the priority health care needs of the population are selected with due regard to public health relevance, evidence on safety, efficacy, quality and comparative cost effectiveness.

B. Production of raw materials:    There is high opportunity for local production of raw materials for pharmaceutical industries in

Now, if you are planning in opening a pharma distribution business, there are factors for you to think about such as your target market, business plan, great venture, employees, and many others.

Opportunities for Entrepreneurs: Pharmaceutical is huge sector to invest and entrepreneurs can venture in following fields:

 

See more:  http://goo.gl/nqsd2E

 

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. 

Opportunities for Entrepreneurs: Construction Industry is huge sector to invest and entrepreneurs can venture in following fields:

•       Artificial Granite Tiles

•       Cement Plant

•       Cement Roofing Tiles

•       Gypsum Plaster Board

•       Wood Plastic Composite (WPC)

•       Pre Laminated Particle Board

•       HDPE Pipes

•       Bricks from Fly Ash

 

See more: https://goo.gl/bfgggU

 

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. Africa’s fashion scene is one of the most lively and innovative in the world- its growth perhaps attributed to Pan Africanism. African cosmetics, beauty  and personal care products market is very positive for the coming years.

Opportunities for Entrepreneurs: Fashion and Beauty Industry is huge sector to invest and entrepreneurs can venture in following fields:

•       Cosmetics Industry

•       Hair Shampoo

•       Herbal Cosmetics

•       Aromatic Perfumery Compound

•       Rose Oil Extraction

•       Bleach Liquor

•       Herbal Hair Oil (BanphoolType)

See more: https://goo.gl/gxEdli

 

For  more  details  visit us at:

https://goo.gl/bYga67

Contact us:

Niir Project Consultancy Services

106-E, Kamla Nagar, Opp. Spark Mall,

New Delhi-110007, India.

Email: [email protected], [email protected]

Tel: +91-11-23843955, 23845654, 23845886, 8800733955

Mobile: +91-9811043595

Fax: +91-11-23845886

Website :

http://www.niir.org

http://www.entrepreneurindia.co


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