9 Great Business Ideas in Africa

1. Waste Management

Modernghana.com reports that the country is struggling to keep up with the waste it creates. Some major cities are creating more than 4,000 tons of waste per day. If you started or invested in a waste management company in Ghana, you could be confident there would be demand for its services.

Source: Modernghana.com

2. Agroprocessing

Ghana’s agricultural output includes maize, rice, millet, sugarcane, cotton and oil palm. The country promotes rearing of silk worm for the production of raw silk on its official investment promotion website. More products such as cereal and cooking oils could be produced in Ghana. There are opportunities to add value, reduce post-harvest loss, promote price stability and expand demand for local agricultural produce. Examples include processing fruits into fruit juices and cocoa beans into cocoa products.

Source: Gipcghana.com

3. Internet Service

Although Ghana has around 100 Internet providers, there’s apparently room for more. Internet cafes are becoming increasingly popular and Ghana recently had to team up with India to create a human resources team large enough to meet the demands of the growing information and communication technology industry.

Source: Gipcghana.com

4. Transportation

In 2010 Ghana began outreach to foreign investors, inviting them to put money in the country’s transport infrastructure. A 2013-2014 report showed that the country still needs to upgrade its transportation system to keep up with the needs of the growing middle class.

Source: Pwc.com

5. Real estate

As soon as more people learn about the business opportunities in Ghana, there will be a demand for dependable realtors. The Oxford Business Group reported in 2012 that people from every sector of the population are looking for housing in Ghana. ModernGhana.com reported in 2014 that real estate was being scooped up quickly at “bargain basement prices.”

Sources: Oxfordbusinessgroup.com, Modernghana.com

6. Micro Finance

The financial sector in Ghana may not be strong enough to support the country’s growing spirit of entrepreneurship. Reports from Economicswebinstitute.org said there is room for growth in the microfinance sector of Ghana.

Source: Economicswebinstitute.org

7. Tourism

Euromonitor.com reported that Ghana’s improving economy, increased political stability and relatively safe travel destinations helped the country see an increase in tourism arrivals in the last couple of years. Investing in tourism would be a smart idea.

Source: Touringghana.com

8. Restaurants

Ghana has farms. According to Gipcghana.com the 57-percent of the country’s land is ripe for agriculture. Now consider the country’s proximity to the European market, and the slowly booming tourism industry and you can see how opening a restaurant here might prove lucrative.

Source: Gipcghana.com

9. Agriculture

For many of the same reasons opening a restaurant in Ghana would be smart, so would be investing in the agriculture. Much of Ghana’s land that is suited to farming is being underutilized; according to Gipcghana.com, less than one thirtieth of the country’s irrigable land is being developed.

Source: Gipcghana.com

- See more at: http://afkinsider.com