Africa is generating a lot of business interests from all over the world. Not only does the region provide a ready market for manufactured goods from the Western world but it is also a big exporter of various goods and services. The strength of the continent as a business partner is mainly due to the numerous natural resources scattered within its boundaries. East Africa has become a big player in world business in recent times. As an investor, there are numerous East African business opportunities you may want to consider.
A major area that you may want to consider for investment is the exploration of natural resources. There are numerous deposits of precious metals in the region most of which are economically viable. Entering this sector does require that you secure a sizeable amount of capital because of the huge expenses involved but what is certain is that you will earn yourself tremendous returns. The discovery of oil reserves in some areas has already attracted a lot of attention.
Agriculture is arguably the main agricultural activity in the region. The main cash crops grown include tea, coffee and horticultural products. These crops coupled with animal products bring in huge earnings. There are many areas where an investor can plug in. One of the areas is the supply of inputs and equipment. Many of the farmers get credit facilities from financial institutions therefore will manage to pay for the supplies most of the time.
The purchase and resell of agricultural produce is another area that you may wish to consider. Although many of the farmers sell their produce to the governments for export, there are many more that are willing to deal with a different party. The produce is available at fairly affordable rates and can then be sold to earn good profits.
The tourism industry has blossomed for decades. Visitors are attracted to the region because of the varied and unique wildlife and the beautiful scenery. During some years, the number of annual guests approaches hundreds of thousands translating in huge earnings for the industry players. As a potential investor in this area, some opportunities that you need to consider include setting up travel agencies, hotel and hospitality facilities and tour guide companies.
The technological sector is a big employer in Africa. There has been an increase in the usage rates for internet across many countries of the continent. This coupled with massive growth of mobile telephony have greatly increased the demand for many gadgets. Computers and mobile phones are some of the fast selling items.
Africans have traditional been known to jealously guard their culture. They like to transfer their cultural practices from one generation to another. This does not, however, mean that they are not willing to embrace other people with their cultures. Imported clothes and shoes are on high demand in the region as people begin to embrace western styles of fashion.
There are numerous opportunities in East African business. You only need to understand the market and the forces that drive demand and supply. Conducting some form of research before investing will be a wise thing to do.
A major area that you may want to consider for investment is the exploration of natural resources. There are numerous deposits of precious metals in the region most of which are economically viable. Entering this sector does require that you secure a sizeable amount of capital because of the huge expenses involved but what is certain is that you will earn yourself tremendous returns. The discovery of oil reserves in some areas has already attracted a lot of attention.
Agriculture is arguably the main agricultural activity in the region. The main cash crops grown include tea, coffee and horticultural products. These crops coupled with animal products bring in huge earnings. There are many areas where an investor can plug in. One of the areas is the supply of inputs and equipment. Many of the farmers get credit facilities from financial institutions therefore will manage to pay for the supplies most of the time.
The purchase and resell of agricultural produce is another area that you may wish to consider. Although many of the farmers sell their produce to the governments for export, there are many more that are willing to deal with a different party. The produce is available at fairly affordable rates and can then be sold to earn good profits.
The tourism industry has blossomed for decades. Visitors are attracted to the region because of the varied and unique wildlife and the beautiful scenery. During some years, the number of annual guests approaches hundreds of thousands translating in huge earnings for the industry players. As a potential investor in this area, some opportunities that you need to consider include setting up travel agencies, hotel and hospitality facilities and tour guide companies.
The technological sector is a big employer in Africa. There has been an increase in the usage rates for internet across many countries of the continent. This coupled with massive growth of mobile telephony have greatly increased the demand for many gadgets. Computers and mobile phones are some of the fast selling items.
Africans have traditional been known to jealously guard their culture. They like to transfer their cultural practices from one generation to another. This does not, however, mean that they are not willing to embrace other people with their cultures. Imported clothes and shoes are on high demand in the region as people begin to embrace western styles of fashion.
There are numerous opportunities in East African business. You only need to understand the market and the forces that drive demand and supply. Conducting some form of research before investing will be a wise thing to do.
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