Today, Africa is boosted by the rise of the middle class and the digital revolution. Half of the fastest growing countries in the world are African. The latest Africa Wealth Report reveals that there are now just over 160,000 millionaires in Africa. In recent years, most of the “new millionaires” have been young entrepreneurs and investors who have created promising businesses and invested in the lucrative sectors of Africa’s fast growing economies.
The African economy, although in full development, knows major needs in several sectors which remain unexplored until then. According to Havas Horizons, investors see energy as the most promising sector in Africa. In addition to the latter are Health, E-commerce, the film industry and the food industry, which are sectors that are even less developed but have high income potential.
Energy is a country’s primary source of development. It is the most attractive and neutral sector in Africa. More than a third of the continent is plunged into darkness, that is to say does not have access to reliable electricity while Africa has one of the most abundant natural resources that is Sun. It is a source of renewable energy production and a key development factor. Investing in the production and distribution of electricity would help open up rural areas and improve supply in cities (very often prone to power outages), cities which are the pillars of digital and digital activities. still others that generate capital.
Investing in health has the advantage of saving an entire nation, freeing Africans from the constraints of medical evacuation in the West, but also of developing the economy. Africa lacks large hospitals, a significant number of qualified medical personnel and medical schools. According to the Quartz news site, the continent has barely 170 medical schools. Many countries are unable to keep up with technological advances in health. Hence investing in the provision of medical services, the training of medical staff, modernized equipment and devices with reliable personnel would not only be necessary but profitable.
3 New technologies
Africa is currently the second fastest growing mobile market after Asia. The surge in imports of smartphones, electronic and digital devices is the result of the lack of local production in this profitable sector. So far there are few institutes where young people are trained to provide solutions in Africa and limit imports although the raw material is present on the continent. So creating practical digital training schools is a promising investment. Some with knowledge in the field have set up start-ups but the lack of investor and funding remains the major problem.
4 Cinematographic distribution and construction of cinemas
It is still a neutral sector in Africa but with great potential. It is already reporting success in some countries such as Nigeria. The irokotv platform is the best performing in the sub-region with an annual turnover of 100 million FCFA and works in the distribution of African cinematographic content around the world. This insignificant figure for sites like Netflix proves that there is work and that a serious investment in the production and distribution of films would pay off in the future.
Africa’s food industry will be worth $ 1 trillion in 2030, according to a World Bank report. West Africa, for example, has potential to become the largest exporter of food in the world. It has over 60% of uncultivated arable land, fertile land, year-round sunshine and available labor.
6 Real estate and infrastructure
The continent is full of spaces for real estate projects, there are more and more construction sites and new buildings. The real estate market is estimated to be worth several billion dollars. The greatest attraction goes to large hotels, office buildings, apartments and residences and especially shopping centers. And demand is growing with population growth. Africa also has a need for construction in bridges, roads, and other civil engineering infrastructure.
7 Payment solutions
The arrival of the money transaction offer such as mobile money is a real success and a boost for the development of the continent’s economy. M-banking, that is to say all the techniques for carrying out banking transactions from a mobile phone, is also promising.
8 Telecommunication and internet
Internet and telecommunication services in Africa exist but are in short supply to meet the needs of a growing population. The prices charged by companies with a monopoly in this sector are still quite high. Investing in this area to offer solutions would make accessibility to communication common to all.
Africa has one of the youngest populations in the world (more than 50% of the African population is under the age of 31). Africa is full of creative talent, but the lack of access to quality education greatly slows development.
10 Art and fashion
African fashion is booming, the African style is modernizing and exporting more and more. Celebrities from the world of politics and show biz love the African fabric.
Which sector speaks to you the most? Remember that one of the most important things before investing is investigating. Get started in the sector that seems most suitable for you.
Similar Article: https://www.afrikatech.com/fr/entreprendre/les-11-sectors-davenir-en-afrique-qui-feront-les-millionnaires-de-demain/