There is an abundance of exquisite enterprise possibilities in Africa. And the success stories you’re about to examine show just how much those possibilities are well worth.
According to the IMF’s recent World Economic Outlook, six of the ten fastest-growing economies in the world are in Africa. And via 2050, the continent’s economic system could quadruple its cutting-edge size and be really worth as much as $29 trillion.
Like China and India, Africa’s journey to monetary prosperity will create loads of huge winners. And, alas, a whole lot of losers too.
The huge distinction is that most of the clever marketers who are building a fortune in Africa proper now — like the marketers inside the achievement memories you’re approximately to study — have a completely unique attitude at the continent.
All of them are clearly succeeding because they see Africa in another way.
You see, whilst most human beings have a look at Africa, all they see are issues and demanding situations: hunger, disease, unemployment, illiteracy, waste, monetary exclusion, insufficient electricity, and a protracted list of others.
If you’re a sufferer of the one-sided poverty tale of Africa that the mainstream media continuously feeds us, you ought to be familiar with the photo.
Strangely, while maximum humans are angry and pissed off by means of those issues, the marketers who’re constructing a fortune and impacting lives in Africa are excited and inspired with the aid of these tough issues.
Because they see problems differently, the entrepreneurs who’re succeeding in Africa observe their creativity and innovation to resolve hard issues in a way that makes money, creates jobs, and undoubtedly affects humans’s lives.
Africa is a marketplace that overwhelmingly rewards trouble-solvers. Therefore, the larger the issues you may solve, the better the ability rewards you get.
As bizarre as it sounds, that is the name of the game at the back of all of the success tales you’re about to read.
This article is a snippet of over one hundred of the maximum thrilling business possibilities in Africa proper now.
The business opportunities you’re approximately to learn do no longer belong to the ‘old-school’, traditional and uninspiring industries – like crude oil, gold, wooden, agricultural commodities, and diamonds.
Rather, you’re approximately to witness some of the most progressive and clean possibilities that clever entrepreneurs are currently exploring throughout the African continent.
The fulfillment testimonies you’re about to read prove that there may be a goldmine of wealth and sudden success whilst you’re taking on tough issues.
Let’s meet the top commercial enterprise possibilities in Africa:
1. SoleRebels (Ethiopia)
Bethlehem Alemu, Founder of SoleRebels, Republic of Leather, and Garden of Coffee
Bethlehem Tilahun Alemu grew up in Zenabwork, a terrible village within the suburbs of Addis Ababa, Ethiopia.
She came across an interesting commercial enterprise possibility after years of noticing how artisans in her community remained jobless and poor, despite their awesome craftsmanship and ability to make outstanding-searching and brilliant shoes.
What those artisans lacked was get entry to to a rewarding marketplace. And as opposed to blame and criticize the scenario, Bethlehem determined to discover a market.
In 2004 she commenced her corporation, SoleRebels, by way of efficaciously elevating capital of $10,000 from own family contributors.
By using regionally-sourced, hand-loomed and natural fabrics blended with recycled materials like antique car tyres and uniforms, she created a unique green logo of shoes products that have become one of the most popular African shoes brands within the global.
Today, SoleRebels, sells its ‘eco-friendly’ emblem of shoes in extra than 50 nations round the world, including the united states, Canada, Japan and Switzerland.
Some years in the past, SoleRebels have become the first footwear organization inside the international to be licensed by the World Fair Trade Organisation (WFTO).
By the use of nearby craftsmen, Bethlehem has built a international logo and a highly a hit commercial enterprise that has created jobs and improved livelihoods in her nearby community.
Today, the employer has greater than one hundred personnel and almost two hundred neighborhood raw cloth providers, and has opened numerous standalone stores in North America, Europe and Asia.
Despite its very humble beginnings, SoleRebels makes up to $1 million in income annually.
Buoyed via her success with SoleRebels, Bethlehem is applying the same commercial enterprise model to Ethiopia’s large leather enterprise.
In 2014, she launched Republic of Leather, a new enterprise that makes and exports luxurious leather merchandise like bags, belts and other non-shoes leather add-ons.
And she is doing the same element for her united states’s espresso industry.
In 2016, Bethlehem launched Garden of Coffee, a coffee retail chain that specializes in Ethiopia’s mythical hand-roasted espresso recipes that would grow to be the ‘Starbucks of Africa.’ The chain plans to confide in a hundred coffee shops in China by way of the yr 2022.
By transforming local Ethiopian merchandise into appealing international brands, Bethlehem has not best created wealth, jobs and enjoyable paintings.
By successfully exploring three distinctive commercial enterprise possibilities in Africa, she has also earned worldwide popularity for her work and has made her united states immensely proud.
Bethlehem changed into decided on because the Young Global Leader of the Year 2011 on the World Economic Forum in Davos, Switzerland, and changed into a winner on the Africa Awards for Entrepreneurship in the same yr.
Bethlehem and her inspiring achievement tale have been featured severally on Forbes, the BBC and CNN.
2. Africa Felix Juice (Sierra Leone)
Production staff at paintings on a fruit sorting facility at Africa Felix Juice manufacturing facility, Sierra Leone
Due to its vicinity in the tropics, Africa is one of the biggest producers of culmination inside the international. However, due to bad processing and garage skills, a massive portion of the fruits harvested in Africa each year is wasted.
In some international locations, this situation is so awful that culmination and concentrates are imported from foreign places regardless of their nearby abundance.
For instance, did you already know that Nigeria, which produces oranges in large quantities, still spends millions of dollars to import orange concentrates for its fruit juice enterprise?
As a end result of this massive problem, Africa is losing out within the huge and rapid-growing international demand for uncooked and dried fruits, concentrates, juices, flavorings, and a wide sort of fruit-primarily based products.
In West Africa, a business enterprise in Sierra Leone has created a profitable opportunity out of this trouble.
Africa Felix Juice is a Sierra Leone-based totally employer that produces juice concentrates from mangoes and pineapples which might be harvested throughout the u . s . a ..
The employer buys mangoes from more than 4,000 small farmers in Sierra Leone.
It collects the end result and takes them to its processing facility in which they are processed (sorted, washed and crushed) into juice concentrates, the primary component for making fruit juices.
By shopping for fruits from neighborhood families and farmers, the business enterprise is growing price from thousands and thousands of mangoes that in any other case rot away and go to waste every 12 months.
The agency’s mango and pineapple juice concentrates are particularly exported to Europe in which they’re used to make fruit juices and flavorings for the food industry.
These concentrates have been the first most important export from Sierra Leone because it got here out from a devastating civil struggle almost ten years ago.
three. Paystack (Nigeria)
Co-founders off Paystack: Shola Akinlade and Ezra Olubi
Compared to the relaxation of the sector, charge systems in Africa in large part run on a guide and coins-based totally version.
More than 60 percent of adults at the continent do now not have get admission to to formal financial services. And most transactions are nonetheless performed in cash, which may be very inconvenient.
But there’s a much larger and exciting trouble.
With a big market of over 1.2 billion people and some of the fastest-growing economies within the world, Africa affords a promising market for e-Commerce, much like India and China.
However, poor get admission to to virtual bills systems provides severe technical and financial problems to heaps of traders who want to promote on-line in Africa.
After running at beer massive Heineken for two years, two younger Nigerian marketers – Shola Akinlade and Ezra Olubi – decided to expand a strategy to the payments hassle.
Their solution became Paystack, a smart and exceptionally easy app that lets in Nigerian traders to just accept a wide range of neighborhood and international online payments. And to process transactions, Paystack prices very competitive costs – best 1.five% of the transaction fee for nearby transactions, and 3.9% for global.
This creative answer led to Paystack’s attractiveness into the prestigious Y Combinator Accelerator program in Silicon Valley, USA — making it the primary Nigerian startup to ever join the program.
By 2018, Paystack had processed over $20 million in monthly transactions for greater than 17,000 companies in Nigeria.
After elevating $1.three million from a group of global traders in 2016, the enterprise raised a further $eight million in 2018 from a team of investors that blanketed global bills massive Stripe and Visa.
And in December 2020, Paystack changed into received by means of Stripe for a whopping $2 hundred million.
4. Anna Phosa (South Africa)
Anna Phosa with pigs on her big-scale incorporated pig farm
With a populace that is expected to double in length to over 2 billion human beings with the aid of 2050, Africa can have the fastest growing population in the world over the subsequent 30 years.
And with some of these mouths to feed, meals can be one in all the largest business opportunities in Africa as we enter the future. This includes the whole thing from grains and meat, to vegetables and processed meals.
The World Bank projects that Africa’s agribusiness zone will be a $1 trillion opportunity by way of 2030. And in step with the UN’s forecasts, call for for meat, milk and eggs in Africa will almost quadruple by using 2050.
However, currently, Africa spends over $35 billion on food imports yearly. This trouble gives an interesting commercial enterprise opportunity for neighborhood producers who can produce meals that can substitute those high priced imports.
That’s exactly what Anna Phosa is doing with red meat in South Africa.
Before hitting the limelight, Anna became an normal entrepreneur who made a livelihood from her small vegetable farm business in Soweto.
She became added to pig farming via a near friend and immediately developed a liking for the task.
In 2004, Anna invested 1,000 South African Rand (approximately $a hundred) to buy 4 pigs which she used to begin up her own small pig farm.
A little less than 4 years later (in 2008), Anna changed into reduced in size by way of Pick n’ Pay, the South African grocery store and retail chain, to supply its stores with 10 pigs consistent with week.
Due to growing marketplace demand, the order speedy grew to twenty pigs in keeping with week. And in 2010, Anna signed a panoramic agreement with Pick ‘n Pay to supply a hundred pigs in keeping with week over the following 5 years below a 25 million Rand deal (roughly $2.five million at the time).
With a settlement in hand, Anna acquired investment from ABSA Bank and USAID to buy a 350-hectare farm property. From just 4 pigs, her new farm holds nearly 4,000 pigs at a time and elements more or less a hundred to 120 pigs per week to retailers in South Africa.
As Africa’s population grows and the demand for meat booms, possibilities like those will open up throughout the continent for predominant meats consisting of pork, red meat and chicken, as well as area of interest meats such as snails, rabbits, and bugs.
5. Takamoto Biogas (Kenya)
A glad biogas person and consumer of Takamoto Biogas in Kenya
Over seven hundred million Africans still rely on cooking fuels like firewood, charcoal and kerosene.
Apart from being grimy polluting fuels that make a contribution to international warming and fitness problems, the manufacturing of firewood and charcoal takes a whole lot of time and energy, and has induced the destruction of vast wooded area regions.
Also, the price of kerosene, any other dirty fuel, may be very susceptible to the unpredictable price swings of crude oil at the international market.
To solve these problems and nevertheless meet the power wishes of its big and speedy-developing populace, Africa needs cooking fuels that are renewable, green, broadly available, and less costly to most humans.
That’s exactly what biogas presents: one of the maximum promising business opportunities in Africa.
Founded by a team of American and Kenyan marketers, Takomoto Biogas has created a device that allows rural dairy farmers to transform cow dung (animal waste) into a easy and reasonably-priced fuel (biogas) that is used for cooking, lighting fixtures and heating.
Takamoto Biogas affords Pay-As-You-Go biogas structures to its clients, particularly smallholder farmers, who pay a small fee to put in the biogas device and then pay small monthly installments for the biogas they use.
Takamoto video display units the biogas device through a GSM-linked smart meter that sends records concerning the maintenance of the unit and client charge popularity.
In addition to the biogas gadget, Takamoto offers biogas family appliances.
By supplying a easy and less expensive biogas solution, this enterprise has discovered an modern manner to clear up a extreme economic and environmental trouble, and make a variety of cash too.
6. Omega Schools (Ghana) and Bridge International Schools (Kenya)
The standard and nice of training in many parts of Africa is in very bad form.
On a continent with over 50 percentage of its human beings beneath the age of 25, and one in each 3 kids out of school, it’s far predicted that more than 60 million African youngsters may attain childhood lacking even the most basic literacy and numeracy competencies.
But is it viable to provide great schooling to negative humans and nonetheless make money? Could it end up one of the possible commercial enterprise opportunities in Africa?
Yes, it’s very possible and some marketers are already doing it.
Two for-income groups, Omega Schools (in Ghana) and Bridge International Schools (in Kenya) are changing the face of schooling in Africa thru an revolutionary and pretty powerful low-value primary training version.
Both agencies have come to be a hit social organizations and feature acquired diverse awards for superb social effect.
Omega Schools, based in Ghana, is a series of low-price personal faculties that gives fundamental number one schooling to kids from bad families for an incredibly low and affordable fee (less than $1 a day in keeping with student).
Co-based in 2009 with the aid of Ken Donkoh, a Ghanaian entrepreneur, and British professor James Tooley, the pay-as-you-examine schooling version for Omega Schools changed into advanced with the aid of Donkoh all through his MBA software.
Bridge International Schools, a chain of low-value personal faculties in Kenya, Liberia and Nigeria, uses a similar low-price version to provide cheap training to thousands of kids in East Africa for much less than $five in keeping with month according to student.
Pupils at Bridge colleges constantly carry out above the national average in Kenya, and a observe by the United Kingdom’s DFID determined that Bridge faculties in Nigeria offer equality in getting to know, no matter a toddler’s socio-monetary history.
Before those wonderful organizations commenced, maximum human beings notion it turned into impossible to provide excellent-exceptional education to negative kids at a earnings. It’s a problem billions of greenbacks in charity and resource hasn’t been capable of solve for many years.
But today, both non-public faculty chains are instructing over 2 hundred,000 children in East and West Africa, maximum of them from poor homes.
7. Patrick Ngowi (Tanzania)
Access to energy is a big trouble is many components of Africa, mainly in rural regions.
Even in huge towns, most households and groups must depend upon backup strength turbines which can be noisy and produce poisonous fumes that make a contribution to global warming.
On the other hand, Africa is the house of free all-year-spherical sunshine. That’s why it’s bizarre the continent suffers serious energy troubles.
With extra than 320 days in line with year of light in most elements, Africa has access to sufficient sun capability to energy the complete world with clean, renewable and dependable electricity.
This is one of the commercial enterprise opportunities in Africa that Tanzania’s Patrick Ngowi has efficaciously built a thriving agency on.
He first started out a profitable enterprise that sold Chinese-made mobile phones. But then he discovered that only a tiny fraction of his clients had get entry to to strength to rate their cellphone batteries.
He persevered journeying to China, but rather than cell phones, he centered on solar electricity supply hardware and set up structures.
Today, his company, Helvetic Solar Contractors, has established more than 6,000 small rooftop sun structures in Tanzania and four other East African international locations – Kenya, Uganda, Rwanda and Burundi.
Although renewable power makes up approximately one percent of Tanzania’s power sources, Patrick’s organization already boasts of excessive profile customers just like the United Nations, the Tanzanian authorities, World Vision and the Tanzanian Army.
To date, Helvetic Solar Contractors has established several solar water heating structures in authorities establishments and several UN tasks which include colleges, hospitals and inns.
In 2013, his enterprise made more than $five million in revenues and the company was valued at $15 million by using KPMG!
His astounding achievement story has attracted pretty plenty of media interest.
A few years ago, Patrick became featured through Forbes Magazine as one of the “10 Young African Millionaires To Watch.” His corporation changed into also ranked on the top of KPMG’s East Africa’s Survey of Top a hundred Mid-Sized Companies in Tanzania.
8. AgriProtein (South Africa)
Workers at a maggot processing station on Agriprotein’s facility in Johannesburg
Waste is a huge hassle round the sector, including Africa.
Every day, we produce lots of meals and organic waste from families, markets, farms, eating places, accommodations, markets, parks and faculties.
Naturally, flies feed on those natural waste and lay billions of eggs in them. The maggots that hatch from the eggs feed fat from the waste and play a critical position in waste decomposition.
But what if I instructed you that it’s possible to construct a profitable enterprise from maggots? Yes, maggots.
Founded by way of brothers, David and Jason Drew, AgriProtein is a business in South Africa that has discovered an modern and profitable manner of solving the world’s natural waste trouble by means of producing maggots which are used as animal feed.
The corporation breeds billions of flies on a farm to lay eggs and convey maggots. The maggots are fed on natural waste cloth (which includes human and animal waste, leftover food, and blood from slaughtered animals in nearby abattoirs).
After the maggots are fed and fattened on the organic waste, they’re washed, dried and grounded to provide animal feed meal that is very excessive in protein.
This high-protein meal has proved to be a herbal and cost-powerful alternative to fish meal that is used for feeding chickens, fish and pigs.
AgriProtein’s maggot-based totally animal feed is more than 15 percentage inexpensive than other alternatives and has been verified to be exceptionally nutritious for livestock.
And more importantly, AgriProtein’s maggot-primarily based protein meal will store heaps of tons of small fish which are caught inside the international’s oceans each yr for fish meal production.
The company attracted extra than $10 million in capital to construct extra fly farms in South Africa. AgriProtein become also presented a million Euros to set up a fly farm and maggot production plant in Germany.
In 2018, Agriprotein raised a whopping $one hundred and five million for international enlargement into the Middle East and Asia.
The organisation is now operating on its first-generation fly factories that could take up and recycle as much as 250 tons of waste in line with day.
More enterprise possibilities in Africa…
The enterprise possibilities in this newsletter represent only a teaser of the maximum thrilling and modern approaches to make money in Africa.
We have put together one of the maximum comprehensive guides ever written on the pinnacle enterprise opportunities in Africa and the success testimonies of marketers that show their worth.
These commercial enterprise opportunities in Africa and the success stories you have got just study are only some of the one hundred and one opportunities profiled and explained in this ebook.
If you’re trying to inspire your self with clean ideas, exciting commercial enterprise possibilities and interesting achievement memories of real marketers who are earning profits and impact in Africa, this e book offers a wealthy source of information, data, tips, and resources that will help you discover and refine your personal specific business thoughts.
Whether you’re planning to start a enterprise or already have one, this book will be helpful in your plans and dreams.
Join over 10,000 entrepreneurs who’re already making use of the thrilling and unconventional secrets internal this e-book.
Click right here NOW to get your reproduction of the Book!
Don’t be a victim of procrastination.
Click the hyperlink above to down load the e-book and begin studying today!
I stay up for sharing your own African fulfillment story in some years.