Introduction

Today, the African continent is incredibly rich in booming economic opportunities. If you’re new to Africa and looking to invest here, you’re in the perfect place to start a successful business.

So, what kind of business could be profitable in Africa? Well, the possibilities are endless! From agriculture to technology to tourism, Africa offers a wide range of sectors to explore.

Here are a few free ideas:

 1- Setting up a newspaper sales outlet

In Africa, the sale of magazines and newspapers is booming. In this media context, companies are still buying newspapers and subscribing to them on a daily, weekly, monthly or annual basis. This is a great opportunity for you.

2- Set up a domestic staffing agency …..

Poverty and the high cost of living in Africa mean that some children drop out of school to look for work. Housework, cooking and laundry are in great demand in many countries. With the illiteracy rate on the rise, you can set up a placement agency to take advantage of the market. In a number of countries, placement is taking place tentatively. Your agency will be responsible for contracts, negotiating pay and holidays. You’ll be making it easier not only for house owners but also for job seekers. So with a bit of organisation and innovation, the government or companies could work with you.

3- Create an economical and ecological prefabricated construction solution

Air pollution, environmental degradation and global warming are problems that keep governments awake at night. The climate crisis in particular should spur us on to innovation. Creating rubbish bins and recycling industries, or building houses with prefabricated materials that are both ecological and economical, could be a good way forward.

4- Create information websites or YouTube channels

New communication and information technologies are very popular in Africa. In every home, everyone has a smartphone and keeps up to date on a daily basis. People prefer the internet for information rather than watching television. All you need to do is master social networking: know how to attract audiences, use hashtags and, above all, sponsor your website or YouTube channel to make money.

5- Set up e-learning, training or language advice centres

Africa has over 2,000 languages. People are really interested in setting up language centres or language consultancies. All you need is the right materials to take advantage of the magic of social networking.

6- Create a jobs site with representations in several other countries

Today, Africans are everywhere in the world. The Internet offers great opportunities. Creating a platform with national and international branches can make you very rich.

7- Create a taxi or VTC booking platform

Yes! Internet has reduced the distance. If you can stay at home and order products delivered to your home without having to travel, booking taxis or chauffeur-driven cars is an innovation that suits many Africans. All you have to do is create an app and work with transport companies to become Africa’s biggest entrepreneur.

8- Create a recipe site for African dishes

Africans have delicious but unknown dishes. A site devoted to purely traditional or modern African culinary art will attract customers.

9- Set up audiovisual production agencies

The world has become an audiovisual world. In Africa, young people have turned to the production of films, videos and broadcasts. But so far, the market is very large and productions remain useless for lack of innovation. If you go into production, you will be among the richest people on the continent.

10- Create an amusement park for children

This is a booming sector. In many African countries, children play in the street. Adapted and safe leisure parks would attract many visitors.

Conclusion

Africa has over a billion inhabitants. Its population is very young, with 55 countries. It’s a rich and varied continent with huge investment opportunities. Agriculture, real estate, tourism, technology, etc. are all links in the development chain. In recent years, however, investors have been turning their attention to new, highly profitable opportunities elsewhere, which offer considerable economic growth.

Africa, with its 1 billion inhabitants and young population, is home to 55 countries. Agriculture, tech, real estate, crypto, tourism, forex… It’s a rich and varied continent that offers a wealth of investment opportunities. Returns are potentially high, but in proportion to the risks. Where to invest on the African continent? In which industries? And which countries offer the best opportunities? Here’s a summary of the continent’s (almost) untapped potential.