Africa is considered the new market for investors
around the world and the reason is not far fetched. The continent is
relatively under-developed and investors know it is full of resources
both human, natural and man made.
Think of gold, oil, limestone, glass stone, diamonds, natural vegetation, coal, tin and a rather suitable weather and it is easy to see why it is easy to make it in Africa.
In 2014, numerous entrepreneurs used this resources to their advantages and got huge financial and social standing rewards, but 2015 looks to become bigger. Financial June teeth compiled the 10 businesses in Africa that have rewarded Africans in 2014 and are still lucrative for investments in 2015
– Media and Entertainment: For ages the media and entertainment industry has been bringing in money from all angles. In 2014, the movie industry in particular was boosted by new lucrative collaborations with the western movie industry. Think half of a yellow sun which brought OC Ukeje and Genevieve Nnaji to a global audience.
30 days in Atlanta also saw collaborations with
international stars like Vivica Fox, and her box office appeal made the movie the highest grossing movie in Africa, $500,000.
– Food & Agribusiness: The agro business
opportunities are enormous in Africa. Ivory Coast is the world largest
exporter and producer of cocoa while Nigeria produced about 70% of the
world cocoayam.
The agricultural space in Nigeria is huge for young investors to put their money and as man needs food daily it is sure that a well thought out plan to become a leading farmer will bring in more produce.
Nigeria has started producing its local rice while food imports into the country reduced by almost 30% in 2014 as the government thought of involving Nigerians in food production.
– Retail: Online retailing Nigeria has taken huge strides in the past two years. Jumia, one of Africa’s fastest growing online retail businesses, is now worth more than $500 million. It has presence in other countries like Egypt, Cote D’Ivoire and Nigeria and business is booming.
Despite the boom in online retail in Africa, this segment currently makes up less than 5 percent of the continent’s entire retail market. Join the band of the likes of Gloo, Deal Day, Konga and you are sure to read the rewards.
– Fashion and Beauty: The indigenous fashion and beauty market is beginning to blossom. One example is Suzie Wokabi of kenya has started using her cosmetic business she stared 7 years ago in Kenya to compete with global brands like Unilever, Procter & Gamble, L’Oréal and Mary Kay.
Another example is Kunmi Otitoju whose luxury label, Minku produce high-quality leather bags designed with Aso-oke fabric, a hand-loomed cloth woven by Nigeria’s Yoruba people. She has become a household name.
– Real Estate: For Nigerians the first things that would come to mind is Lekki Gardens which now rules housing on the Lagos island. According to Financial June teeth, over 16 million new houses need to be built to solve Nigeria’s serious housing problem. The estimated cost of providing these homes stands at a whopping $350 billion.
Well Nigeria is growing and real estate in the country would bring in considerable income.
– Internet and Tech: Of all the noise the like of google and Facebook have generated in the western world for producing applications and softwares that have brought in considerable wealth, Africans are also doing good.
Last year, Saya, a mobile messaging phone app developed by two young entrepreneurs from Ghana, was acquired and the app has great features. It is used for SMS texting and has become an instant hit in West Africa and even in faraway India!
HotStop.com, a navigation service founded by a Nigerian entrepreneur, Chinedu Echeruo, was reportedly acquired by Apple Inc. for $1 billion as the company saw the potential of the app to improve its software and web services.
If you have the talent and you are a tech wiz, show the world your creation and you can become your own CEO.
The green revolution: The need for Eco-friendly products are on the rise not just in Africa but also in the world.
Ethiopia’s Bethlehem Alemu’s created Solerebels the world’s first truly Eco-friendly footwear brand. Alemu creates footwear from recycled products and it has proven creative just like Thato Kgatlhanye, founder of Repurpose Schoolbags which makes eco-friendly bags from up-cycled plastic shopping bags has found.
Another example is Patrick Ngowi,a Tanzanian who built a multimillion dollar business from solar power.
It is also touted that Biogas production from organic waste is also another growing opportunity in Africa.
Building and construction supplies: Due to the real estate market developing and the population of Africa expanding, Africa will need building supplies.
Aliko Dangote gets the bulk of his wealth from cement. His company Dangote cement is the biggest in Africa and governments and institutions contact him for business deals to build bridges, roads, houses and more.
As the real estate business grows, the need for the supply of building and construction supplies will increase.
– Financial services: This is another industry that has always been lucrative from the beginning of age. From trade by barters to, co-operatives, running a financial institutions is sure to be a money maker.
The world is going cashless and the likes of paypal, quickteller have started using that opportunity to invest in Africa. The market is still young and basically every transaction done in Africa needs raw cash.
One interesting start up to watch in this space in 2015 is Nigeria’s SimplePay. This platform, which provides payment solutions to online merchants in Nigeria has already attracted over $300,000 in investments and plans to raise up to $10 million this year.
– Investments:
Financial June teeth says the slow economic growth in North America and Europe, means more investment is pouring into fast emerging regions like Africa.
There are emerging businesses in Africa that needs to be invested into and when put through the right leadership, your company could become the next big thing in the world.
READ MORE: http://www.naij.com/460040-the-business-opportunities-you-have-to-invest-in-2015.htmlThink of gold, oil, limestone, glass stone, diamonds, natural vegetation, coal, tin and a rather suitable weather and it is easy to see why it is easy to make it in Africa.
In 2014, numerous entrepreneurs used this resources to their advantages and got huge financial and social standing rewards, but 2015 looks to become bigger. Financial June teeth compiled the 10 businesses in Africa that have rewarded Africans in 2014 and are still lucrative for investments in 2015
– Media and Entertainment: For ages the media and entertainment industry has been bringing in money from all angles. In 2014, the movie industry in particular was boosted by new lucrative collaborations with the western movie industry. Think half of a yellow sun which brought OC Ukeje and Genevieve Nnaji to a global audience.
30 days in Atlanta also saw collaborations with
international stars like Vivica Fox, and her box office appeal made the movie the highest grossing movie in Africa, $500,000.
The agricultural space in Nigeria is huge for young investors to put their money and as man needs food daily it is sure that a well thought out plan to become a leading farmer will bring in more produce.
Nigeria has started producing its local rice while food imports into the country reduced by almost 30% in 2014 as the government thought of involving Nigerians in food production.
– Retail: Online retailing Nigeria has taken huge strides in the past two years. Jumia, one of Africa’s fastest growing online retail businesses, is now worth more than $500 million. It has presence in other countries like Egypt, Cote D’Ivoire and Nigeria and business is booming.
Despite the boom in online retail in Africa, this segment currently makes up less than 5 percent of the continent’s entire retail market. Join the band of the likes of Gloo, Deal Day, Konga and you are sure to read the rewards.
– Fashion and Beauty: The indigenous fashion and beauty market is beginning to blossom. One example is Suzie Wokabi of kenya has started using her cosmetic business she stared 7 years ago in Kenya to compete with global brands like Unilever, Procter & Gamble, L’Oréal and Mary Kay.
Another example is Kunmi Otitoju whose luxury label, Minku produce high-quality leather bags designed with Aso-oke fabric, a hand-loomed cloth woven by Nigeria’s Yoruba people. She has become a household name.
– Real Estate: For Nigerians the first things that would come to mind is Lekki Gardens which now rules housing on the Lagos island. According to Financial June teeth, over 16 million new houses need to be built to solve Nigeria’s serious housing problem. The estimated cost of providing these homes stands at a whopping $350 billion.
Well Nigeria is growing and real estate in the country would bring in considerable income.
– Internet and Tech: Of all the noise the like of google and Facebook have generated in the western world for producing applications and softwares that have brought in considerable wealth, Africans are also doing good.
Last year, Saya, a mobile messaging phone app developed by two young entrepreneurs from Ghana, was acquired and the app has great features. It is used for SMS texting and has become an instant hit in West Africa and even in faraway India!
HotStop.com, a navigation service founded by a Nigerian entrepreneur, Chinedu Echeruo, was reportedly acquired by Apple Inc. for $1 billion as the company saw the potential of the app to improve its software and web services.
If you have the talent and you are a tech wiz, show the world your creation and you can become your own CEO.
The green revolution: The need for Eco-friendly products are on the rise not just in Africa but also in the world.
Ethiopia’s Bethlehem Alemu’s created Solerebels the world’s first truly Eco-friendly footwear brand. Alemu creates footwear from recycled products and it has proven creative just like Thato Kgatlhanye, founder of Repurpose Schoolbags which makes eco-friendly bags from up-cycled plastic shopping bags has found.
Another example is Patrick Ngowi,a Tanzanian who built a multimillion dollar business from solar power.
It is also touted that Biogas production from organic waste is also another growing opportunity in Africa.
Building and construction supplies: Due to the real estate market developing and the population of Africa expanding, Africa will need building supplies.
Aliko Dangote gets the bulk of his wealth from cement. His company Dangote cement is the biggest in Africa and governments and institutions contact him for business deals to build bridges, roads, houses and more.
As the real estate business grows, the need for the supply of building and construction supplies will increase.
– Financial services: This is another industry that has always been lucrative from the beginning of age. From trade by barters to, co-operatives, running a financial institutions is sure to be a money maker.
The world is going cashless and the likes of paypal, quickteller have started using that opportunity to invest in Africa. The market is still young and basically every transaction done in Africa needs raw cash.
One interesting start up to watch in this space in 2015 is Nigeria’s SimplePay. This platform, which provides payment solutions to online merchants in Nigeria has already attracted over $300,000 in investments and plans to raise up to $10 million this year.
– Investments:
Financial June teeth says the slow economic growth in North America and Europe, means more investment is pouring into fast emerging regions like Africa.
There are emerging businesses in Africa that needs to be invested into and when put through the right leadership, your company could become the next big thing in the world.
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