Let’s discuss Africa Business Opportunities. Any dodgy politician, crooked bureaucracy; it’s no longer only about the amount of your bank account.
In Africa, the term “millionaire” has taken on a new connotation. On the continent, a dishonest salesman might simply pretend to be a millionaire.
However, Africa’s young and burgeoning millionaires aren’t only interested in money.
They’re also gung-ho about having an impact. They seek to generate value that has an impact on people’s lives and improves them. It’s a brand-new method to make money while also doing good. It’s referred to as “impact entrepreneurship.”
This is a model that demonstrates that profit and ambition don’t necessarily have to be at the price of others. Remember that the vast majority of Africa’s “old school” millionaires got their fortunes through resource extraction and opportunism.
Rather, they’re more concerned with a far more valuable resource: difficulties. Africa is plagued by major issues ranging from unemployment and illiteracy to starvation and insufficient energy.
Their prosperity had to come at the expense of the common good and the environment on many occasions. As you’ll see in the next paragraphs. The majority of these issues are difficult, pervasive, and decades old. However, although most people find them frightening and irritating, entrepreneurs see them as incredible possibilities.
1) Automobiles:
More Africans are migrating to cities. The massive wave of urbanization has resulted in an increase in demand for transportation services. In Africa, there are around 44 automobiles per 1,000 people.
This is much lower than the global average of 180, as well as the averages in Oceania and the Middle East. Vehicle sales on the continent are expected to exceed 10 million units per year in the next 15 years, according to estimates. It’s no surprise that big-name automakers like Toyota are doing well.
Volkswagen and Mercedes have already begun to penetrate the African market by establishing assembly factories there. The development of “Made in Africa” autos, though, is more intriguing.
The Mobius II is a premium SUV made in Kenya that will be available in 2018. It’s being marketed as “a cheap, no thrills, no-frills. But it’s a tough and stylish SUV designed for African roads.”Kiira Motors is building Africa’s first hybrid automobiles in Uganda.
Africa’s first solar-powered bus has already been launched. Ghana, Tunisia, and Sudan all have prospective indigenous automotive manufacturers.
2) Crowdfarming:
Crowdfarming is a term that refers to agriculture. It is a big africa business all around the world, and most farmers are wealthy. However, this is not the case in Africa. And it’s very reasonable. Africa’s agricultural industry is anticipated to be worth $1 trillion by 2030, according to the United Nations.
The continent has a sizable domestic market and owns 60% of the world’s uncultivated land. It also has plenty of labor resources and, for the most part, a pleasant climate.
They are mostly poor people who farm with primitive methods. Furthermore, they have very limited access to capital.
The fact that most of Africa’s food is still produced by smallholder farmers in rural regions is a major contributor to the problem. Isn’t that a great way to increase food production and reduce the continent’s food import bill?
And Increase Profits For Both Investors And Farmers?
Crowd farming is the name given to this economic strategy. And it’s a movement that has the potential to completely change the face of the Agri Africa business.
3) Unmanned Aerial Vehicles (UAVs):
Drones appear to have a lot more uses in Africa than hunting terrorists and taking magnificent high-altitude photos. Africa is where drones are finding some of their most flexible and influential functions.
From logistics and agriculture management to humanitarian aid and conservation assistance, we’ve got you covered. Following the success of its pilot operations, it is now moving into Tanzania.
Drones are increasingly being used in humanitarian attempts to bring aid to remote and conflict-affected areas in other parts of Africa. Zipline is a Rwandan drone delivery company that distributes blood and medical supplies to clinics throughout the country.
They’re also being used to track deforestation and unlawful mining as part of efforts to protect Africa’s forests and animals. As you may be aware, the drone of the africa business is still in its infancy. At this rate, drone technology in Africa still has a wide range of applications.
4) Housing That Is Affordable:
It’s Great That Cities Are Growing, But Where Will All These People Live?
Even if governments tried, they would not be able to build homes fast enough to meet the rising demand for housing. The housing crisis in Africa creates a slew of new opportunities for a variety of sectors.
The housing gap in Nigeria, Africa’s most populated country, is estimated to be 20 million dwellings. South Africa has a housing shortage of 2.3 million dwellings. From cement manufacture to furniture manufacturing to construction contractors and mortgages, everything is covered. His cement holdings now account for a sizable chunk of his net worth. However, conventional housing isn’t the only option. A fascinating trend is the construction of homes out of low-cost, long-lasting materials such as shipping containers.
5) Debris:
Waste has been a big and annoying problem in Africa’s cities for decades. Currently, the majority of trash produced in Africa is either burned, buried, or discarded. The garbage problem will only worsen as the continent’s population continues to grow. As a result, almost 80% of solid trash produced on the continent is disposed of in landfills or thrown in bodies of water.
So, what do we do with all the accumulating piles of filthy rubbish before we find ourselves in the midst of the world’s largest environmental crisis? The solution appears to be converting garbage into animal feed in South Africa.
AgriProtein is a company that raises maggots from trash gathered from markets, homes, and companies. The company has received up to $30 million in finance, making it one of the most well-funded insect farming companies ever. The maggots are turned into a high-protein supplement that can be used in place of fish meal in animal feed.
The solution in Ethiopia is to convert the garbage into electricity.
