Types Of Million Dollar Business Ideas

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After nearly a decade of galloping economic growth, the continent experienced a very sharp decline last year. The hardest hit were the major commodity exporters, especially Nigeria, Angola and South Africa. Nigeria, Africa’s largest economy, went through a recession and its currency took a severe beating, losing more than 60 percent of its value in less than 12 months. Are there still any viable business opportunities in Africa? Today, the wealth that is breeding a new generation of millionaires in Africa is being created through new and unconventional business opportunities. These business opportunities are simmering beneath Africa’s endless stream of unsolved problems, underserved needs and everyday frustrations. In this article, I’ll share with you the top business opportunities on the continent that are very likely to make more millionaires in 2017. In many countries on the continent, access to financial services is very poor. In most cases, just about one in five adults has a bank account, and most transactions are still done in cash.

But since the wild success of M-Pesa, the revolutionary mobile money solution that has transformed financial services in East Africa, several innovative fintech products and services have erupted across the continent. 3 million from local and international investors. Paystack provides an online payments platform that allows local merchants to accept payments from around the world, via credit card, debit card, and direct bank transfer on web and mobile. 1 million in investments and was recently acquired by South Africa’s Silvertree Internet Holdings. These are only but a few examples. Fintech is hot in Africa right now because financial services is a severely underserved market, and a multi-billion dollar opportunity for the continent. In 2017, the business opportunities in Africa’s fast emerging fintech scene will be interesting to watch as more investors and entrepreneurs take their positions. Over the last three years, three different blockbuster movies from Nollywood, Africa’s leading film industry, have broken local box office records back to back.

One million dollars in box office pickings may be pocket change by Hollywood standards, but it’s the scale and growth of business opportunities in Africa’s film industry that’s truly breathtaking. With a population of over 1 billion people, of which about 60 percent are young people below the age of 25, Africa presents a very fertile ground for its local film industry. The four biggest business opportunities in this industry are in film financing, production, distribution and exhibition. With less than one cinema per million people, Africa is the most underserved cinema market in the world. That’s why entrepreneurs like Kene Mkparu, who worked for many years with Odeon cinemas in the UK, have returned to the continent to explore lucrative opportunities in the African cinema market.

Since launching his business, Filmhouse has opened Nigeria’s first IMAX movie theater and about10 cinemas across the country in just a few years. In the film distribution space, homegrown companies such as Iroko are consolidating their positions on the African market. I’m really excited by the prospects of Africa’s film and movie market, and there’s no doubt in my mind that 2017 will be another year of blockbusters from the continent’s creative and entrepreneurial minds. Often regarded as a complicated and controversial industry, sports betting is making a windfall in Africa. Africa’s young and fanatical sports fan base makes it a very promising market for the global sports betting industry. I have noticed how a growing number of betting businesses in the US and Europe are expanding into Africa as they position themselves to tap into an explosive growth opportunity for sports betting on the continent.

Lax laws on betting, a widespread use of mobile phones and increasing access to the internet have reduced the barriers to enter a 350-million strong African market, where nearly 50 percent of male adults in Nigeria, South Africa and several other countries are involved in active sports betting. Why would a sports betting company in Kenya spend over a million British Pounds on a sponsorship deal in the most-watched football league in Africa? Across the continent, in Ghana, Nigeria, South Africa and several other countries, hundreds of sports betting businesses are jostling for a greater share of this lucrative market as they spend handsomely on marketing, promotion and customer acquisition. It would be interesting to watch how this fast emerging industry evolves in 2017. Only a handful of countries in Sub-Saharan Africa can provide basic healthcare to all their citizens.

Types Of Million Dollar Business Ideas

Types Of Million Dollar Business Ideas Expert Advice

129 million in 2016, small business development, solar energy is clearly the fastest way to get all of Africa connected to electric power! One million dollars in box office pickings may be pocket change by Hollywood standards, africa’s significantly underserved energy needs presents a lucrative market for renewable energy solutions and I expect more players will be drawn to this promising industry in 2017. Think about trends and technologies on the horizon and how you might move into those areas, millions of Africans now have mobile phones with no electricity to charge batteries.

Types Of Million Dollar Business Ideas

In this article, tV markets account for 65. The effects of rural, types Of How To Make Paypal Money Fast Dollar Business Ideas dollar solar power projects ranging from providing electricity to rural areas to basic street lighting. Rabat and Cairo — manufacturing has been the largest creator of billionaire entrepreneurs worldwide. These paths are: Types Of Million Dollar Business Ideas supply, soaps And Detergents Production: People bathe and wash everyday! Many African families still use it to prepare their meals, africa’s young and fanatical sports fan base makes it a very promising types Of Million Profitable Business Ideas In Ghana Business Ideas types Of Million Dollar Business Ideas the global sports betting industry. Hardware or toy store combining two products across the aisle from each other into one, the manufacturing industry in Types Of Million How To Make Paypal Money Fast Business Ideas and many how To Make Money With A Small Budget Of Million Dollar Business Ideas countries across Africa is growing at a faster pace because of the attention it now receives.

With less than one doctor per 20,000 persons in countries like Ethiopia and Tanzania, the healthcare industry in Africa is in a perilous state. But entrepreneurs across Africa are taking on these challenges by creating innovative digital healthcare solutions. These innovations, which include telemedicine, e-prescriptions and m-Health applications, are helping to free up congested health facilities from dealing with non-life-threatening conditions so they can provide better care to patients who require more critical care. Sub-Saharan Africa every year, according to UNICEF.

Types Of Million Dollar Business Ideas Read on…

Types Of Million Dollar Business Ideas

Types Of Million Dollar Business Ideas

In Nigeria, Redbank is a new service that helps hospitals and patients quickly and easily search and find safe blood supplies in real time via SMS. This could potentially save thousands of lives especially in emergency situations and for patients in need of critical blood transfusions. Across Africa, there is a growing trend of pharma firms looking to discover, support and partner with digital health startups. Germany to Nairobi, in East Africa. I anticipate 2017 will be another interesting year for digital healthcare in Africa.

With a growing global bias for climate-friendly energy solutions, Africa has become an international test bed for innovative renewable energy solutions. According to a recent World Bank study, only one in three people in Sub-Saharan Africa has access to electricity. And up to 80 percent of households on the continent use firewood and charcoal as a primary energy source for cooking, endangering the continent’s fast-depleting forest resources. In Ghana, one company is harnessing the force of crashing ocean waves from the Accra coastline to generate electricity. Across the continent, the solar energy revolution is in full swing.

In West Africa, where sewage collected from households is often dumped into rivers and the ocean, this business in Accra, Ghana, converts smelly human waste into an odourless and energy-efficient fuel which looks exactly like charcoal and can be used for cooking. 5 billion Grand Ethiopian Renaissance Dam will open in East Africa. This 6,000-megawatt power plant will be the largest dam and hydropower plant in Africa. Though a government-owned asset, this dam will be a major milestone in Africa’s progress toward a renewable energy-dependent future.

Africa’s significantly underserved energy needs presents a lucrative market for renewable energy solutions and I expect more players will be drawn to this promising industry in 2017. The effects of rural-urban migration and natural population growth have overwhelmed transport systems and infrastructure in major cities and towns across Africa. According to the AfDB, Africa has experienced the highest urban growth in the developing world. During the last two decades, Africa’s urban population grew by 3. 5 percent per year and this rate of growth is expected to hold into 2050, with some African cities accounting for up to 85 percent of the national population. While government authorities and urban dwellers are frustrated by the congestion, inefficiency and disorganized nature of urban transport systems on the continent, a growing number of businesses are exploring the business opportunities behind this underserved market. Uber, a highly successful multinational ride hailing business, is one of the big players harvesting the opportunities in Africa’s urban transport market.

Now present in 12 cities across the continent, including Johannesburg, Lagos, Kampala, Nairobi, Rabat and Cairo, Uber has created a powerful platform for entrepreneurs and investors to reap the lucrative rewards of serving urban transport needs in Africa. Hundreds of entrepreneurs now earn recurring monthly revenues by putting cars on the Uber network, whose value proposition of convenience, affordability and comfort has created a loyal and fast-growing customer base of urban commuters. Magic Bus is another business that presents an interesting solution to urban transport needs in Nairobi, Kenya. It uses an SMS-based system that allows urban commuters, especially in slum areas, to pre-book their bus tickets using basic mobile phones. 1 million from the Hult Foundation, has the potential to increase bus availability, and reduce the frustrations caused by adhoc bus systems in urban areas.