Top 7 small business ideas in Africa 2021
Are there small business ideas in Africa for aspiring entrepreneurs to venture into? The answer to that is a resounding yes! Africa is a fast-growing continent with so much potential and natural resources waiting to be explored. However, becoming a successful business owner in Africa requires you to sometimes look beyond natural resources. Rather, think about the problems people face and proffer a solution to them.
When your business idea is geared towards fixing people’s problems, success is inevitable. Not just that, it’ll also create value for the people of Africa as a whole. Having established this, let’s take a look at small business ideas in Africa to venture into in 2021.
Agriculture
Agriculture plays a major role in the economic development of countries across Africa. With the favorable climate condition, the business of agriculture is bound to thrive. Being one of the untapped business sectors in Africa, an investment in agriculture is one that’s definitely worth it. Starting out, you can begin on a small scale and gradually work your way up as your business expands. For instance, poultry farming requires a lot of space. You need adequate space to accommodate the number of birds you’re starting your poultry farm with. With poultry, you can invest in birds like Turkey, Chicken, e.t.c. for egg production.
Procurement and Logistics
One business sector that hasn’t been fully saturated in Africa is procurement and logistics. This gap presents a great opportunity for prospective business owners with innovative ideas in the logistics and procurement industry. With this business sector, entrepreneurs get to provide their goods and services to consumers who need them. In order to thrive in this sector, you need to be very innovative and build a wide network. With these in place, you might earn yourself wealthy investors willing to invest in your procurement and logistics business. Over the years, investors have provided funding for quite a number of logistics startups in Africa. An example of such a beneficiary is Kobo360, one of the top logistics startups in Africa.
Food Supply
If you’re on the lookout for small business ideas in Africa that will suit your startup budget, food supply is a great start. One of the best things about the food supply business is you can start from the comfort of your home. A lot of business owners in this field prepare meals at home and supply at seminars, conferences, banks, e.t.c. Thriving in the food supply business requires having great cooking skills. On the other hand, you can employ the services of a cook or caterer to take care of the cooking while you run the business. Aside from having great cooking skills, networking is also a necessity. With the right network, you get more opportunities to supply food at events or anywhere it is needed.
Event Planning
Africans run parties every now and then. However, planning a party is another ballgame entirely. It’s a lot of stress not everyone can handle. This is why the event and party planning business in Africa is very lucrative. What’s more? Event planning is one of the small business ideas in Africa that won’t cost you a fortune to begin.
Fashion Design
Clothing is one of the most essential needs of humans. As a result, being skilled in the art and craft of fashion designing is a sure way to make money in Africa. People love to look good, no dispute about that. In order to achieve this, the business of fashion is a necessity. Fashion is one business that thrives regardless of the time and season. There is always something new out there to explore for anyone looking at starting a fashion business. As a fashion designer, you have quite a number of areas to explore ranging from male to female wear. Whichever area you choose to specialize in, make sure it’s one you are fully equipped for.
African Art Collection
African arts have gained some popularity over the years. They are best described as historical and modern paintings from African countries across the world. If you have a flair for painting and really good at it, you might want to look into African arts. With a beautiful piece of African Art, you can capture people’s hearts and make massive sales. Your art collection can be sold in strategic areas with high traffic. Another way to promote your works is by promoting them via your social media platforms.
Taxi Service
People move from place to place every single time which is why taxi service is one of the small business ideas in Africa. A lot of high-income earners prefer to commute with taxis rather than drive themselves. Also, some African companies hire the services of cabbies for the senior managers as opposed to providing them with company vehicles. In order to succeed in this business, you need to work with strategic timings for picking up prospective clients/passengers. Since getting passengers is what makes this business thrive, you want to be on the move when you’re guaranteed to get them.
Conclusion
Coming up with a business idea can be quite a daunting task. However, once you figure out the right one, you’re well on your way to making money. Which of these business ideas will you explore and why?
