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Select 1 year plans in cart to see discounts. Offer and terms subject to change at any time. Business Ideas and Success Stories That Will Inspire the Entrepreneur in You! Africa is a land of amazing business opportunities. The success stories in this article prove there are many ways to make money in Africa.
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But Africa is classified as a poor continent. Everywhere you look, there are opportunities to make money that don’t even exist or are easily overlooked in other parts of the world. However, it’s still surprising how many people are blind to the goldmine of opportunities in Africa, including Africans themselves. Fortunately, there is a growing number of entrepreneurs who are already exploiting the lucrative business opportunities on the continent. The key to their success is that they see things quite differently from the rest of us. Where there are problems, these entrepreneurs see potential and opportunities.
While we complain about the challenges we face everyday, these entrepreneurs are creating solutions that make money. In this article, I’ll share with you a few success stories of entrepreneurs and businesses in Africa that started from scratch and have achieved remarkable success. These inspiring success stories prove that there are many ways to make money in Africa, and if you’re determined enough, you too can write your own life-changing success story! Let’s explore some of the interesting, tried and tested ways to make money in Africa. She came up with her business idea after she noticed most of the artisans in her community, who made beautiful footwear, remained jobless and poor. 50 countries including the USA, Canada, Japan and Switzerland. By using local craftsmen, Bethlehem has built a global brand and a hugely successful business that has created jobs and improved livelihoods in her local community.
10,000 in capital she raised from family members. Today, the company has more than 100 employees and nearly 200 local raw material suppliers, and has opened several standalone retail outlets in North America, Europe and Asia. 10 million in sales by 2016. Bethlehem was selected as the Young Global Leader of the Year 2011 at the World Economic Forum in Davos, Switzerland, and was a winner at the Africa Awards for Entrepreneurship in the same year. In some countries, this situation is so bad that fruits and concentrates are imported from overseas despite their local abundance. 140 million to import orange concentrates for its fruit juice industry?
In West Africa, a company in Sierra Leone is already exploiting the lucrative potentials of fruits. Africa Felix Juice is a Sierra Leone-based company that produces juice concentrates from mangoes and pineapples that are harvested across the country. The company buys mangoes from more than 4,000 small farmers in Sierra Leone. By buying fruits from small farmers, the company is creating value from millions of mangoes that otherwise rot away and go to waste every year. The company’s mango and pineapple juice concentrates are mainly exported to Europe where they are used to make fruit juices and flavorings for the food industry.
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These concentrates were the first major export from Sierra Leone since it came out from a devastating civil war nearly ten years ago. She was introduced to pig farming by a close friend and instantly developed a liking for the venture. Anna was contracted by Pick n’ Pay, the South African supermarket and retail giant, to supply its stores with 10 pigs per week. This order quickly grew to 20 pigs per week shortly after.
With a contract in hand, Anna received funding from ABSA Bank and USAID to buy a 350-hectare farm property. From just four pigs, her new farm now holds nearly 4,000 pigs at a time and supplies roughly 100 to 120 pigs a week to retailers in South Africa. Anna currently employs about 20 staff and has become something of a celebrity pig farmer on the continent! Although pig farming hasn’t really picked up in Africa like in other parts of the world, a few entrepreneurs like Anna Phosa are already enjoying the lucrative benefits of the huge and rapidly growing demand for pork products. Despite cultural and religious influences in parts of our continent that limit pork production and consumption, pig farming is still growing across West, East, Central and Southern Africa.
At the beginning of this article, I told you there’s an opportunity to make money with anything in Africa. Takamoto Biogas provides Pay-As-You-Go biogas systems to its customers, mainly smallholder farmers, who pay a small fee to install the biogas system and then pay small monthly instalments for the biogas they use. Takamoto monitors the biogas system through a GSM-connected smart meter that sends information regarding the maintenance of the unit and customer payment status. In addition to the biogas system, Takamoto provides biogas household appliances. Worse still, the high-carbon smoke produced by these wood fuels cause serious health problems and are harmful to the environment. Takamoto’s business is creating a viable energy alternative for rural communities, saving forest resources and making money at the same time! 3,000 to be able to accept online payments.