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Africa is bursting with lots of interesting, lucrative and high-potential business ideas and opportunities. This video reveals 7 practical ways to make money in one of the world's fastest growing economies. Contrary to what many people think, the easiest and richest source of business ideas and opportunities in Africa lie in its many challenging everyday problems: food, electricity, waste, education, shelter etc...
We have also included some amazing success stories of African entrepreneurs who have excelled in several businesses that have solved some of these serious problems.
We hope this presentation leaves you richly inspired!
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First, a short quiz…
Question:
A. Luck
Creating solutions that fix problems is the secret to business
success in Africa.
What do you think is the richest source of business ideas
and opportunities in Africa?
B. Foreign Aid
C. Optimism
D. Problems
And Africa has LOADS of problems!
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#Food
Humans require food to survive.
It’s a basic everyday need.
Africa is home to over 1 billion
people who have to eat everyday.
That’s a lot of mouths to feed!
The demand for food and food
products in Africa is very very
HUGE
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#Food
Did you know that 60 percent
of the world’s fertile and uncultivated
land is in Africa?
Did you know that Africa still spends
billions of dollars
every year on food imports from
abroad?
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#Food
With its cheap land, abundant
labour and favourable climate for
agriculture, Africa has the potential to feed
the world with:
Grains (rice, corn, wheat etc.)
Roots and tubers (cassava, potatoes
and yams)
Livestock (cattle, pigs, sheep)
Fruits and vegetables
Edible oils (soybean oil, palm oil etc)
See more food-related business
opportunities at www.smallstarter.com
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#Electricity
Did you know that all the 48
countries of Sub-Saharan Africa
combined (with a population of
more than 750 million people)
generate roughly the same
amount of electricity as Spain
(a single country of less than 50
million people)?
Huh?
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#Electricity
Africa’s demand for electricity is
huge and growing like never
before.
Why?
Growing urban population
Africans need to charge their
mobile phones. There are now
over 650 million phones on the
continent
Lighting for homes and
businesses
Power for electrical appliances
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#Electricity
What are the opportunities in
Africa’s electricity problem?
Solar Power - With over 300
days of bright sunlight every
year, solar power remains one
of Africa’s most abundant but
scarcely used resources.
See more interesting opportunities
at www.smallstarter.com
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#Electricity
Inspiring Success Story…
Patrick Ngowi is a young Tanzanian
who has made over $8 million from
his solar business. He sells and
installs solar water heaters, solar
batteries, solar mini-generators,
street lights, power back-up
systems, accessories, solar fridges
and freezers across East Africa.
Find out how he did it at
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#Education
Did you know?
Over 50 percent of
Africans are less than 25 years
old, making it one of the
world’s youngest populations.
Africans are desperate for
quality education and even
poor parents are willing to pay
a premium to educate their
kids.
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#Education
Where are the opportunities in
Africa’s education problem?
Primary & Secondary
Education
University Education
Professional Training &
Certification (IT, Services etc.)
Vocational training
(Technicians, Artisans etc.)
Personal Development training
Corporate-sponsored training
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#Education
Inspiring Success Stories…
Omega Schools in Ghana is a private
fast-growing primary school chain
that charges $1 per day school fees.
Bridge International Schools is a
profitable private school chain that
operates a flexible and low-cost
education model across East Africa.
Find out how they did it at
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#Waste
Did you know?
Africans generate over
70 million tonnes
of waste every year.
The waste collection, disposal
and recycling industry is a
multi-billion dollar business
in developed countries.
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#Waste
Inspiring Success Story…
Lorna Rutto left her bank job in
2009 to start a plastic recycling
business in Nairobi, Kenya. Since
then, she has made over $250,000 in
sales, created over 500 jobs and
removed more than 1,000 tonnes of
plastic waste from the
environment…
Find out how she did it at
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#Transport
Did you know?
Due to increased urbanisation
and economic activities, over
500 million Africans need
reliable transportation everyday
to get to work, school, market
etc.
Africans in the city spend up to
30 percent of their income
on transportation alone.
22. #Transport
Where are the opportunities in
Africa’s transportation problems?
Vehicle sales, maintenance &
repair services
Professional Car Hire Services
Inter and Intra city bus
transport services
Water, Air & Rail transport
See more transport-related business
opportunities at
www.smallstarter.com
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24. #Shelter
Did you know?
With over 1 billion people
and one of the world’s fastest
growing populations, Africa
will need more than 100
million new homes to avoid
a housing crisis in the coming
years.
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25. #Shelter
Where are the opportunities in
Africa’s shelter problems?
Building & Construction
materials (cement etc.)
Real Estate Investment
Residential & Office
Accommodation
Hotels & Travel lodges
See more shelter-related business
opportunities at
www.smallstarter.com
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#Unemployment
Did you know?
Although 6 of the top10
fastest growing economies in
the world are in Africa, the
continent still has one of the
highest unemployment rates on
earth.
The lack of structure in Africa’s
job market is responsible for up
to 50 percent of the problem.
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#Unemployment
7Inspiring Success Story…
Jobberman.com is Nigeria’s Number
1 job search and recruitment portal.
Started by three university
undergrads in 2009, the portal has
helped millions of people find jobs
in a market where more than 40
million people are unemployed.
Find out how these guys did it at:
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29. The bottom line…
If you want to make loads of money in
Africa, you’ll have to find serious problems
and
FIX
them!
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30. Any Thoughts?
Share your thoughts and ideas in the
Comments section below…
We’ll be waiting to interact!
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31. This presentation was brought to you by….
Smallstarter.com is Africa’s largest community of entrepreneurs
sharing small business ideas, success tips and inspiration.
Visit us soon!
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