STARTING UP IN AFRICA...
THE OPPORTUNITIES AND LIMITATIONS.
starting a business in Africa, can be a herculean task. The reason is that the cultural, developmental and bureaucratic hurdle are enormous. The number of "tiny" business in Africa is larger than any other in the world. Most of the small or medium size businesses in the continent are not qualified to be called such, because they cannot match up with their contemporaries around the world.
However, in Africa, there are numerous opportunities to engage and build real businesses around. These include,
Agriculture, with the large arable land in Africa, and the ever growing population, agricultural start up in Africa is an opportunity to harness. Unfortunately, the bottle neck system of governance and the import dependent nature of the populace have hindered the growth of this important sector.
E commerce, with the advent of the internet and peoples affinity for easy life, electronic shopping is another hub for building a business in Africa. Many of these online shops are cropping up every time, most of them offering world class services , this sector in future will account for a huge chunk of internally generated revenue.
Human resource management. The continent has 1.111 billion people in it, which is 16.14% of the world population, there is a huge demand for human resource managers. These people are skilled in harnessing the African population to increase population. Human management consultancy business is already shaping the business terrain of Africa.
Social entrepreneurship. Africa has great social problems ranging from, hunger to sexual and gender injustices. The problem offers an opportunity for a new crop of businesses who provide dynamic solutions to them. If this opportunity is leveraged great successes will be recorded for start ups in it.
Environmental sciences. Environmental related businesses will grow in Africa, because Africa generates huge amount of waste. With the poor waste management practices in the continent, a proactive waste management business will definitely make giant strides. Areas like recycling, environmental education, safety consultancy, and sustainable green technologies would be a great relief to all.
finally Africa is a VIRGIN ground full of nutrients for maximum business growth. If the African millennials can explore,and refine the vast resources and opportunities within, in the next two decades we will emerge as global champions.
By KCHARAVRD
THE OPPORTUNITIES AND LIMITATIONS.
However, in Africa, there are numerous opportunities to engage and build real businesses around. These include,
Agriculture, with the large arable land in Africa, and the ever growing population, agricultural start up in Africa is an opportunity to harness. Unfortunately, the bottle neck system of governance and the import dependent nature of the populace have hindered the growth of this important sector.
E commerce, with the advent of the internet and peoples affinity for easy life, electronic shopping is another hub for building a business in Africa. Many of these online shops are cropping up every time, most of them offering world class services , this sector in future will account for a huge chunk of internally generated revenue.
Human resource management. The continent has 1.111 billion people in it, which is 16.14% of the world population, there is a huge demand for human resource managers. These people are skilled in harnessing the African population to increase population. Human management consultancy business is already shaping the business terrain of Africa.
Social entrepreneurship. Africa has great social problems ranging from, hunger to sexual and gender injustices. The problem offers an opportunity for a new crop of businesses who provide dynamic solutions to them. If this opportunity is leveraged great successes will be recorded for start ups in it.
Environmental sciences. Environmental related businesses will grow in Africa, because Africa generates huge amount of waste. With the poor waste management practices in the continent, a proactive waste management business will definitely make giant strides. Areas like recycling, environmental education, safety consultancy, and sustainable green technologies would be a great relief to all.
finally Africa is a VIRGIN ground full of nutrients for maximum business growth. If the African millennials can explore,and refine the vast resources and opportunities within, in the next two decades we will emerge as global champions.
By KCHARAVRD
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