Rising Africa: 10 Business Start-Ups In Africa
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Transcript of Rising Africa: 10 Business Start-Ups In Africa
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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 a boom in material supply
• Entrepreneurs will need to focus on marketing aggressively
as it can be a highly competitive field
• Other focus areas would be to get quality building materials
• The initial investment will be high in this business, but it
promises attractive returns.
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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 health safety
and environment, monitoring, installations etc.
• There is a huge potential due to the large oil reserves found
in many parts of Africa.
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3. Hotel Business
• This industry is understood by analysts to be attractive and
profitable.
• Now with Africa witnessing economic growth, it is expected
to have a positive impact on tourism and travel.
• 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.
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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.
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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 (or interdisciplinary groups).
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6. Adventure Tourism
• Africa is a 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 mainstream tourism.
• This is similar to the tourism with more emphasis on
physical activities, interaction and engagement with nature.
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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
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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 spending money on
importing food items. This current situation opens the door
for the investors to invest in production of food items locally.
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9. Logistics and Transportation
• The scope of logistics and transportation is wide in itself, it
includes the trucks to transport goods, the fleet of transport
bus services, taxis and commuter buses.
• Investment in Logistics and Transportation seems to be a
good opportunity in Africa.
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10. Manufacturing Industry
• South Africa and other parts of Africa have a developed
manufacturing industry and has 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.
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Mara Foundation’s Ambition
We enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:
Inspire millions of young people in Africa to become entrepreneurs.
Teach entrepreneurs new skills.
Enable entrepreneurs to turn business ideas into a reality.
Guide business owners to grow businesses and hire (more) employees.
Empower entrepreneurs by providing a platform to showcase their business and build their network.
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THANK YOU
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