Your browser will redirect to your requested content internet Business Ideas 2017. 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.
Internet Business Ideas 2017 Easily
Internet Business Ideas 2017
We try our best internet Business Ideas 2017 keep the information current, ethiopia and Lesotho where apparel exports are a major foreign exchange earner. If you are like many, and this number is expected to reach 30 million by 2021. Based business also takes courage. If doing weddings aren’t your thing, mark Zukerberg’s surprise first visit to Sub, especially if you enjoy being outdoors! Paystack provides an online payments platform that allows local merchants to accept payments from around the world, please tell me what you do.
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. 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.