The 10 Businesses That Will Create Africa's Next Billionaires...
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- เผยแพร่เมื่อ 20 พ.ค. 2024
- Business Ideas that will create millionaires in Africa in 2021 and beyond
With a population of over one billion people, Africa has become the continent with the highest investment opportunities. Investing in businesses that are both innovative and lucrative is key.
Africa is a continent with a lot of resources and investing in the right market sector using the best resources and the best strategies and taking advantage of the huge market will yield High Return On Investments.
But there is a problem.
Coming up with a business idea and developing it into a multimillion-dollar business has been a major problem. This is because the African market has not fully been understood. This is one of the major reasons that has made investing slow in the continent.
But once this market is understood, investors or potential investors stand to benefit from the huge opportunities and the chance to be billionaires especially if they are early and efficient in their chosen business sectors.
In recent years, most of the ‘new billionaires’ have been young entrepreneurs and investors who have created promising businesses and invested in lucrative sectors of Africa’s fast-growing economies.
Everyone knows Africa is the future, that is why many foreign investors from China, the United States, and India are coming to invest in Africa. They have identified markets and they are succeeding.
There is a wide list of businesses in Africa that you can invest in and make so much money but our top 10 today are those that really stand out. For decades, business opportunities in Africa were created through traditional sources but nowadays, things have evolved and there are many other new and unconventional opportunities.
Number 1: Real estate.
This is property consisting of land and the buildings on it along with its natural resources such as crops, minerals, and more. Africa’s real estate market is a multibillion-dollar opportunity and several new millionaires will build their fortune in this market. In almost every corner of the continent, real estate projects are emerging. The biggest attractions are hotel and office buildings, residential homes and apartments, and shopping malls. The key markets for real estate on every investor’s agenda are Angola, Nigeria, Egypt, Mozambique, South Africa, and Kenya. All of these countries are experiencing a real estate boom like never before. Africa’s large and youthful population and expanding middle class, increasing urbanization, the influx of multinational companies are the key drivers of demand for both commercial and residential real estate. Across the segment of the real estate market residential, official spaces, retail outlets, industrial and hospitality facilities are all in limited supply thus creating an avenue for investors and developers to tap in and benefit from these underserved needs.
Number 2: Renewable energy.
According to World Bank studies, it is estimated that in sub-Saharan Africa only 1 in 3 people has access to electricity. Firewood and charcoal still remain the primary source of energy for cooking endangering the continent fast depreciating forest resources. Across the continents, companies like off-grid electricity and several others are lighting up the continent using solar energy and water to provide low-cost electricity to households lacking them. Solar energy is one of the most attractive businesses in Africa right now. This is because of the significant potential for off-grid solar solutions as the demand is massive. Over 600.000million Africans are tired of waiting for energy from a centrally managed power grid that is inefficient and inflexible to the continent’s growing power needs. Africans enjoy about 300 days of sunlight in many parts. This makes it hard to beat the value proposition of a product that bypasses the central power grid and meets your energy needs by tapping directly from the sun, a free energy source. That’s why the solar market in Africa is booming. In Togo a solar system developer, BBOXX signed a 4million dollars partnership with the government to supply 300,000 homes with off-grid solar kits. This is a business of the future.
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#africa #africaneconomy #topbusinessideasinafrica
Hope you loved this video. For More watch this video. the Most beautiful cities in Africa: th-cam.com/video/jALi_knx--s/w-d-xo.html
1115p1
Africa is for Africans, the historical impact of the Anglo-Saxon blood line has caused the destruction of Africa. Africa has to rebuild itself first within and then work from the outside only. The African diaspora is quite welcome to grow business though
Hello I am a nigerian and I would be looking for investors for my fintech idea... I have a proposal I would love investors to look at and see if its worth their sponsorship. I would be extremely glad if you could connect me with some of them thanks.
No absolutely not. It participates to destroy more left nature. This video is like poison for the mind because speeds up greed and destruction.
This was lazy ...namibia,botswana,angola,zambia...are better prospect then those you named...eg namibia .got the best beef and beer on the continant,the most uranuim in the world..and oil on the way...
1. Real estate
2. Solar energy
3. Food processing
4. African movies and music
5. Crowd farming
6. Digital healthcare
7. Financial technology Fintech
8. Affordable housing
9. Fashion and apparel
10. Virtual education
Thank you I wanted a quick one
Thank you.
Is housing different from real estate?
@@stephenameyaw4331 yes, it is about construction not selling land
Corruption was missed to be included in the video
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
It's a miracle and I would testify, 110k bucks.
every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.
Quite encourage seeing Mrs Liam Lucy Mary been talked about here, I started off with 2000 Bucks...now with good returns . highly recommended..
I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself
"It is now evident that entrepreneurship holds the key to Africa's transformation not global pity". ❤
Facts
Africa is ready economically ready 2 blow up! Deja Vu! Scramble 4 Africa! Renaissance Africa!
loved that
Your business will make you rich but investment makes and you keep you wealthy, we all deserve to be successful and have financial freedom, I pray everyone here becomes successful
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@noahgonzalez9041You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
@@lukeben1596I'm enjoying working under a platform that brings good return in my life and I've been making my weekly returns without stress all in crypto currency
@@lukeben1596Learn and trade under a guide I do same and I hardly make losses in the market
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere TH-cam videos.
I will always recommend Expert Emily Jason to anyone who wishes to invest in forex/crypto trading, her strategy is working for me. I'm making good profits from bitcoin trading
I agree with you. I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
All my experiences with her has been positive,she has a very broad understanding of the market and had made lots of profitable trades for me and my friends. I have never had any issues or negative experiences with her.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
Wow, that's stirring! Do you mind connecting me to
your advisor please. I desperately need one to diversified my portfolio.
The problem in farming in Africa is that farmers are not allowed to sell domestically because of concessions by governments to import food at higher costs and export food at lower costs. Redtape is the biggest problem in farming
theft is universally illegal
Absolutely TRUE!! Food wastage is the biggest problems plus it can also reduce food shortages!
VERY important though, Don't copy Westernised mass productivity or using killing crop sprays,which not only kills the land, pollutants water systems,lastly processed foods!! Biggest health hazards,causing all kinds of deceases!!! AFRICA has advantage of looking at those Western mistakes and avoid them!!!
May God continue to lift our people up🙏🙏🙏
Absolutely correct.. beware: what came as a result of those bad decisions in less than 200 years, Is apparent. Design a culture, commerce and community that fortifies AFRIKA & her people!! Ase Ase Ase
To avoid the mistakes of the west would be to have less children, repecting forests , soil and waters, wildlife. ... But grid and descontrol of the own habits is strong. All that shown in the video will end up in absolut misery and wars.
Great video! I believe you're missing Transportation, Tourism, and new models of Banking (in terms of structure and approach to investment theory)
100% agree with you mate
Tourism? Lol. In Africa, tourism is euphemism for white visitors. What we need is industrialization & good governance. Show me a single nation that has developed and advanced because of tourism 🤣🤣🤣.
And the hairindustry and cosmetics
I'm in Mozambique and this video just helped see that I'm on the right path...
Real Estate and Renewable energy are the best business opportunity for a country like mine that's still evolving. But guess you could mention transportation and logistics to, these have future here to.
What about food? We don't produce enough for domestic consumption, and it is something we'll need forever. Isn't it one of the best markets to invest?
@@nunochaquice9928 yeah we could mention food to, or agriculture in general, there's plenty of land here to produce food. But in my opinion it's a field that is already full and the government is probably ahead of most part of the agriculture industry in Mozambique. That said I'd go for something that is still not that occupied...
Left a side Maputo, we lack of big cities here.
So I'd go for Real Estate
Hello man. How are you going about the real estate part. HOW DID UOU START. I'm from Zimbabwe
O negócio de arrendamento é garantido para dar dinheiro aqui em Moçambique, o grande problema é a quantidade alta de investimento que inicialmente se pede. Também tem o problema do retorno ser passivo demais (casas simplesmente), coisa que pouco acontece na imobiliária de hotelaria ou escritório por exemplo.
Kenya has developed it's Fintech industry - Mpesa
First thing to be done in Africa is to vote good leaders
I would be a good leader, but I am white and I would not alllow stupidness and destruction like shown in this video.
Naw.......the way forward is through business and Agriculture.....not politicians
When the voting system is rigged, whats the point? Voting doesn't change anything in a corrupt country
Yep.
Our votes no longer count
the fact that other nations are able to gather our information like this so crazy
You can gather theirs too. In fact you must.
This is nothing, gathering the full information of Strengths, Weaknesses, Opportunities and Threats (SWOT) is a common tool to measure any market in any economy.
@@zoeybella234 You got a point there🤔
What can't be turned into a positive?
What can't be turned into a positive?
Amazing Video...Keep Pushing Africa Ahead
Opportunity in Africa
is enormous
Am an immigrant and last year I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.
Be a goal achiever
Always aim high so that your dream can come to reality! 🌞
Use your job to finance your goals! ✅
You can't be an employee forever! 🙅♀
Consistent efforts in trading/investment will put you in a position where success will find you.
How did you do that???
@@chrispaul3778 Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
@@mariannepop954 Forex investment, but you will need a professional guide on that.
Great content with this i think i am on the right path
this is a great video, keep up the good work
Thank for this channel. Very informative and precise.❤
I am from kENYA and I feel like this video clearly depicts the current situation.
True
My best friend growing up was Kenyan. Some great people. Best of luck to all kenyans.
@@wesongawanjala1333walai.... Kasonge,.... Twendeni sasa.... Kume funguka
Best content I have seen on TH-cam for a long time
Thank you for the insightful research! I'm exploring app-based solutions to problems and found your work incredibly helpful. I've subscribed to your channel and look forward to learning more.
Amazing impact to me. Thank you so much , for the video
This opened my eyes.
We have so many food in Nigeria but everything is tied to the crude, when gas is up it's almost impossible to buy affordable food and even the price fixing cartels aim for maximum profits from their products
Because people aren't eating enough of what they grow...
Real estate, food processing, crowd farming, fintech: my inclined areas with budding companies - RA and FH.
There are many untapped opportunities in Africa. One of my long-term goals is to become a major investor there. Happy to see this video.
💯truth I’m awake ..here we come
Excuse me The New Tourist, Mobile money MPesa in Kenya is one of the best, if not the best in the world and has been in operation since 2007. Did you know that Mark Zuckerberg went to Kenya to learn about it a few years ago?
Great video 💯important knowledge 📝📝📝📝📝
Africans let's come together to build our continent not depends on these western countries for everything
I liked your report before I even got to number 3. ❤
God Bless You Sir
Thanks a lot man for this
Excellent video. From South Africa. Thanks 😊
Film and music are currently blowing up in Africa especially Cameroon!
Hope to see it progress more in the future ✊🏽
Focus on infrastructure and Healthcare
bro said Cameroon lmao
@@user-uj5gs9cm6y 😂😂😂😂
Cameroon 😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣
@@GodCosmo4000 😂😂😂😂
Thank you so much for This, sometimes you cannot see opportunities around you.
Very good list of business ideas
Thank you , Brother.
I really like this video. We need like this one.
Well researched. Africa is a big and growing market.
Good thanks from tigrayns USA Ethiopia.
Very informative
South Africa: We need a tribal/or communal land investment model to propel the farming and solar farming ROI. This will automatically decentralize city congestion and trail blaze the infrastructure development in villages. Example: Bafokeng (Phokeng) in the North West province... This is my country..
Hi, Mr Melato, as for your reference. I Can help you 😊
Hope to talk more details for you
How many billions worth of working farms have been donated to mostly political connected Africans in South Africa? None of these farms are producing anything. Thousands of workers lost their jobs. First connect with working African farmers, then help them to grow. And connect with the willing white farmers. They have got the knowledge and are willing to help. They know for a farmer to succeed in an area, or with a product, you need shared infrastructure.
I have enjoyed your insightful video. Thank youuuu always
This has opened my eyes.
The 10 businesses is the real deal. However, if govt agencies will scale up fast action policies on this top 10 businesses, more start ups will leverage on tax incentives and opportunities to seek investment opportunities in this sectors with banks and other lending platform for growth. In all, welldone for pointing this out.
Interesting insights
Great video❤️
Can you do a video on the ease of doing business in Nigeria
It is not the lack of enthusiasm and skill that holds Africa back… but.., it is it leaders!
At the very least, I now grasp the concept of leverage.
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
How do you participate?
Thank you
The international investors coming on board having conversations meetings creating economic growth platforms to have a
Having a conversation with Government to put right policies in place for simply simply simply understanding for ordinary people around the countries on the Continent
Education Education Education Education Education Change of mind set
Sure, global pity is only setting back Africa's greatness
Fire wood and charcoal still remain the biggest source of energy for household cooking and other food preparation
Try biogas
True that...however, speaking from experience from a 3rd world country...most african countries have "regulations/red tape" 💸, that you have to navigate...ask starlink that needed to pair with a 'local partner" before starting in South Africa. Dealing with 3rd world locals can be tricky. 🤔🤷♂️
Tell me how much to start one of this business needed solids budget startups
@Yeah Africa remains the biggest investment avenue for the West& the East❤
Great!
In my country is more of agriculture cos we got fertile land
What country are you from?
number 2 is 100 correct❤
The only reason companies are going to Africa is because of cheap labor. Once the labor cost go up the companies will abandon Africa for a new cheap labor force.
There is no other “cheap” labour force on the earth.
AFRICA and India are literally the final frontier in terms of cheap labour.
Once income in those regions goes up, the world will finally begin to end extreme exploitation of other humans.
Hopefully.
Either way, the nature of exploiting the world’s poorest while pretending to give aid will end.
Land is cheap too
@@obinadioka6056 I heard that’s going up to. In some countries I heard outsiders our not allowed to own land.
@@brotherkareem181 in Liberia, white are not allow to own land here
@@brotherkareem181 most governments give them free land as a way of attracting foreign investments
Africa has a lowest rate of taxes that can also be a reason for success
Except in Kenya shoot!
very much❤it because like house building industry must be a trendding business because the population of people is increasing each and every time
good video ...Africa is on verge of take-off .....here looking at business partner cling from Zambia ,Botswana,Tanzania ,Malawi,Angola,Mozambique
What kind of business partner are you looking for? I’m from Angola.
Am from zambia
From Gambia
Nigeria
And, Western interest that conflicts investment opportunities In Africa such as mining and other sectors worthy of note. Security guarantees and educated population that can harness or utilise the opportunity
Ok, good one. Good for new ideas and inspirational moment selves. But, for everything there's always a but, before you throw seeds to the ground, you hv to prepare the soil. Before you start to build a high-rise, you'll hv to prepare the land. So, the very first thing to do in Africa prior to start with big investments like you mentioned, which in fact I agree with you, Africa has all these potentials, is to change people's paradigms. You cannot start investing in such a big ideas like these when you will find difficult to progress due to negative people's paradigms that leads to negative acts and behaviours. We all want Africa to develop, but the truth is, for this to happen, a massive work on changing people's perseptions of life needs to be done first. We have to prepare our people first, we have to educate them, teach them, and help them buy knowing themselves first and then they'll be able to help day by day, month by month, year by year on Africa development. America, Europe, China and others they are already here doing these things that you just mentioned but nothing is changing according to development of Africa because they don't care about this, their only objective is to make money. A father is the one who cares about his house, his children's safety and education and not the neighbour.
True and politics
My question is how do I invest in all this ..what platform Is available for all this ..
Thank you for this. Im an entrepreneur based in South Africa looking for growth and diversification. I'm open to collaborate with likeminded business people.
Am from kenya and i have the same mindset. We can collaborate and build wealth together
that is the way to build Africa
Thanks
Welcome! Happy You enjoyed the Content
May these opportunities first strengthen and stabilize the people of Africa to ensure the continuity of growth and global transformation.
AI is getting better and better!
Africa's time is now and we need to start innovating
But only if we eliminate corruption,poor and unfavorable administrative policies affecting trade such as taxation, affordable financial resources/ mobilizations and strategies.
I think lithium production and processing will change all the naratives about africa by attracting the bigest chunk pf global investment in renewable energy and the global energy mix financing going foward
Africa it is the next biggest Chapter....
This is interesting... I thought it would be another "American perspective" on Africa
The country depreciating forest .....this make it hard to be a value proposition
We’ve got this great idea in Logistics. We’ve played in the sector before with great experience. we’ve got a team. We need an angel investor
Where?
@@samb22 Calcutta.
Where and how much?
This is sheer brilliance. A similar book I read was a game-changer for me. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Medical personnel digital worlds will change the game for improving health in Africa .
What about bottled water? Providing clean water
This is always overlooked or not done properly. I'm currently setting up one. Where's your location?
@@ebukaibekwe5032 I’m in SA
@@ebukaibekwe5032 but there's alot of bottled water in Nigeria?
@@ebubest9716 there is obviously. But there's demand for it still. The market is big enough for everyone. It all comes down to quality, hygiene and marketing.
Dairy cows are said to be the most polluting of domesticated animals, causing erosion on hillsides, the exhaustion of soils, unswimmable waterways. At last we're researching the effects on human health of nitrates in drinking water.6/09/2021
Don't believe everything you hear. Do your own research.
What about building and maintaining sewage systems?
this means opportunity almost in every sector
The very best Africa 👨🏾⚕️🎫🦒.
Africa needs its young generation and technology Africa have lots of resources young people stop up to the plate and do your part
Kenyans gather shall we inform him to add politics to the list?...ama tuwache tu
Different countries have different shortcomings also in Africa. Why blanket the whole Africa.
Agree! 100%
Had not thought about it even
was this entire video from script to voice to image stock generated/curated by AI?
Some industries such as real estate and affordable housing in their current form are not suited to the continent as it harms rather than compliments it's environment as it erodes and devastates it. Our traditional dwellings conform to nature by design and neither erode or degrade the environment. We need to go back to proper waste management in line with traditional norms. These sectors should either evolve to complimenting the environment and be sustainable for all households... Entrepreneurship coupled with invention is a better mix to improve standard of living and bring the down the high cost of living if our governments will invest in their own to achieve this and not be so quick to look for foreign private partnerships which encourages corruption. Too few governments are doing this and I personally identified others besides South Africa where this can work... Great video though.
I strongly disagree. We need more real development to meet the needs of rising populations and urbanization across the continent. Who wants to the primitive ways of traditional living?
We can use technology and innovation to address the environmental concerns you raised.
Ok nice
It’s undeniable that Nigeria is the king of Africa’s music.
Africa still has a potential as long as we enact policies which are favourable of producing millionaires especially among the youth.
Have you mentioned internet access ? Because only 29% of africa's population have access to the internet, compared to Europe which has 92% of his population having access to the internet. For online education you mentionned there is a need for fast, affordable and widespread internet.
God bless uk ❤️
Transportation is one of the leading sources for making money in Africa too. And it’s easy to begin
This video is why Africans need to require that African investment is involved in every business venture. NO MORE FLEECING!!!!!
First sort the border crossing out. How can we prosper if we need to bribe to cross a border? Then the whole Africa must realize that tourist take photos. Why jail a tourist for taking a photo of a post office?