Top Business Opportunities In Africa To Venture Into.
BRANDING LOCAL PRODUCTS FOR EXPORT: Africa spends billions of dollars on imports every year. This include food and non food items. It happens that there are lot of local products on the continent that have the potential to become global brand. Nilotica Shea butter is a great example of a rare type of Shea butter used in luxury beauty products. The trees that produce this butter on grows on Northern Uganda, South Sudan. CROWD FARMING: Across the world, Agriculture is a big business. Most farmers are financially well-off but not yet in Africa. According to United Nations, Africa Agricultural business is expected to be worth $1 trillion by 2030. This makes perfect sense as Africa has a huge domestic market and owns 60% of the worlds unused aerable land. Africa also has abundant labour resources and favourable climate in most part. TRANSPORT AND LOGISTICS: The future in Africa is in the cities. By 2030, half of the continent’s 1.4 billion people will be located in the cities. Currently, about 60 African cities have a population of more than 1 million people. The top cities are Lagos with 21 million people, Kinshasa with 14 million people, Cairo with 9.5 million people. One of the biggest problem that appears to be worsening with the growth of African population is congestion. REAL ESTATE: Africa real estate market is a multi billion dollars opportunity and several new millionaires will build their fortune from this market. Infact, this should top the list in top business opportunities in Africa. In almost every corner of the continent, real estate project are emerging. The biggest attraction are high rise hotels, office buildings, residential homes and apartments and shopping malls.
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