African Business Ideas That Can Make You Wealthy

African Business Ideas That Can Make
You Wealthy
1 . Quality Internet and Mobile Services :
Many parts of Africa today do not have quality internet
services , most Africans rely on mobile phones for so many
things ranging from banking to e - commerce transactions.
Africa is all about mobile and apps and whoever that is
building those apps or offering those telecom services will be
the One to make it in Africa, according to a report by Nielsen
Global Survey , “ Mobile video is particularly prominent in Asia -
Pacific and Middle East / African regions , where 74 and 72 % of
online consumers , respectively, report watching video on
mobile phones at least once a month , and almost 40 % (38 %
and 37 % , respectively) say they do so at least once a day . ” A
lot of Africans rely on satellite internet and cost of broadband
is still high in some areas, whoever that is trying to solve that
problem will make it in Africa.
2 . Payment System :
Even though PayPal is ubiquitous in the US and Europe and
has become a leading online payment system , PayPal as we
know is a global e - commerce business allowing payments and
money transfers to be made through the Internet, unfortunately
not everyone can use Paypal for sending and receiving money
as it is not available for all countries and most African
countries cannot use services like Paypal . Billions of dollars
are moved within and across Africa on yearly basis , this is one
good business opportunity to pursue in Africa.
3 . Jobs & Recruitment Services :
While there are quite a number of Job websites
and aggregators operating in several parts of Africa, there is
still need for more Placement and job recruitment websites to
meet the demand in this part of the world .
4 . Content Creation
Africa needs its local content and whoever that is providing that
will become successful in doing so. As of now , Africa’ s biggest
player in online content creation is iROKO Partners . What this
company does is to assemble the world ’ s largest online library
of cool African content, it is a platform that provides Nigerians
in the diaspora with Nollywood movies . Iroko has been dubbed
“ Africa’ s Netflix, ”
Wabona is another new startup based in South Africa which
hopes to replicate the success of iROKO , Wabona which is a
Sotho word for ‘ You See ’ is an online Pay - Per - View video
streaming service . It will deliver African and international video
content to markets in the African Diaspora , This is a gold mine
and I still beleive there are more opportunities in this area
5 . Power or Electricity Supply :
Countries like Nigeria still face the problem of unstable Power
supply , there ’ s no doubt that electricity is the engine that
drives industrialisation and improves communication providing
sound healthcare delivery system , without electricity , there will
not be proper development , a stable Electric power supply is
the key for any nation and whoever that is trying to solve that
problem whether by nuclear , solar , wind or hydro with honesty
will not only be doing good but will also get a reward that
follows.