Rising africa 10 business start ups in africa

Rising Africa: 10 Business start-ups in Africa

Africa is one of the most resourceful continent in the world, but the challenge lies in identifying which business to choose from all the options available.

It is very important to know where to invest when you are starting your business. Here are top 10 businesses in Africa where you can invest.

1. Building Material Supply Business • The construction industry is expected to grow faster in the coming years and a massive urbanisation is expected in Africa • This will lead to boom in material supply • Entrepreneurs will need to focus on marketing aggressively as it can be a highly competitive field • Another set of factors are - getting good location, and network of suppliers and buyers • The Initial investment will be high in this business, but it promises attractive returns.

2. Oil & Gas Business • This business is considered risky but promises high returns • For entrepreneurs interested in this field there are multiple business opportunities like Oil Drilling & Exploration, Equipment leasing, Filling stations, Oil & Gas consulting, Contract basis Petroleum supply, Oil & Gas services-safety, monitoring, installations etc. • There is a huge potential due to the large oil reserve found in Nigeria.

3. Hotel Business • This industry is understood by analyst to be attractive and profit making • Now with Africa witnessing economy growth and political stability it is expected to have positive impact on tourism and other travels • For entrepreneurs interested in this area of business, hotels can be classified in terms of location, quality and size • Entrepreneurs have to decide on hotel type based on initial startup capital and operational constraints they foresee.

4. Property Investment • There seems to be an increasing demand for high-end office space, retail space and affordable residential housing • The growing expatriate population and the emerging middle class are also boosting property rate • As Africa’s economy grows, lucrative investment opportunities for property investors are going to rise.

5. Project Monitoring & Data Collection • Many international organisations in Africa depend on consultancies from Europe for various field statistics and are also spending huge amounts for the field data • A local company providing the data will be very cost effective and will also reduce the dependency on the international agencies • This type of business can be initiated by the group statisticians and sociologists

6. Adventure Tourism • Africa is one of the popular destination for Adventure tourism as it has the potential to provide a huge variety of adventure sports • The investment in such business is comparatively less than the main stream tourism • This is similar to the tourism with more emphasis on physical activities, interaction and engagement with nature.

7. Investing in Real-estate • Africa currently is in the phase of urbanization, where people are shifting from rural areas to cities. Therefore, opening a huge scope in housing and real estate • The African government is overburdened with housing projects hence, increasing the opportunity for private investors

8. Food Processing • One can start a small scale industry for production of cereals, pulses, fruits, vegetables, soya milk, tofu etc. • At present African countries are wasting millions and millions of US dollars on importing food items. This current situation opens the door for the investors to invest in production of food items locally

9. Logistics and Transportation • The scope of logistics & transportation is wide in itself, it includes the trucks to transport goods, the fleet of transport bus services, taxies and commuter buses • Investment in Logistics and Transportation seems to be a good opportunity in Africa.

10. Manufacturing Industry • Africa especially South Africa has a developed manufacturing Industry and has a potential to compete in global market • Manufacturing business has a wide scope, it can be done for textiles, clothing, footwear, chemicals, automotive, ICT, electronics, metals etc.

You should take expert opinion before deciding which business to select. Proper guidance will get you best results!

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