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Business Management analysis

Here are the multi billion business ideas in Africa.

1. Media and Entertainment.

Africa’s film industry has become a global and cultural phenomenon that enjoys a huge following within and outside the continent.

The industry serves an audience that’s hungry for African stories of love, drama, intrigue, comedy, redemption, action and more. It’s no surprise that Africa’s film industry is currently the third largest in the world behind Hollywood and India’s ‘Bollywood’.

2. Food & Agribusiness.

The opportunities in Africa’s food and agribusiness space remain huge and will not go out of fashion anytime soon. With over one billion people to feed, Africa’s food and agribusiness market is a multi-billion dollar opportunity for entrepreneurs who know where to look.

Food production is still a huge and breathtaking opportunity. Grains, milk and all sorts of raw and semi-processed agro products are still imported into Africa even though the continent has an enormous capacity to produce these. Entrepreneurs who can produce food products locally could reap very huge rewards.

3. Retail.

Africa’s retail market is a multi-billion dollar business opportunity. In addition to its over 1 billion population, more Africans are buying stuff due to their growing economies, rising middle class, and rapid urbanization.

Africa’s retail market is going through a monumental shift. Retail is gradually moving away from informal trading in open markets to organized retail in shopping malls and online stores. Africa’s homegrown supermarket chains like Shoprite, Game, Woolworths and Nakumatt are entering more countries and are spreading fast across the continent.

Content created and supplied by: Gabyy (via Opera News )

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