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.
The agricultural industry is one of the biggest sectors of the region. Huge earnings are realised from the sale of cash crops and animal products. There are many areas in these sector in which a potential investor can do business. The sale of farm inputs and agricultural equipment is one of them. The produce is often used as the collateral. Alternatively, loans can be obtained from a number of financial institutions.
Apart from selling of agricultural inputs the other opportunity lies in the buying of produce from the farmers and selling it at a profit. Although many of them are organised into units responsible for the sale of their produce, there an equally huge number that operate as individuals and are willing to sell it to a third party. As a third party you will complete the export process and this will no doubt earn you some good money.
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.
Technology has grown in leaps and bounds within the African continent. There has been particularly high growth in mobile telephony and the use of the internet. These increased rates have resulted in increased demand for mobile phone devices and computers. Export the devices to the region is one way you can set up a profitable business. The most important thing is to ensure that you understand the market.
Globalisation has resulted in extensive exchange of cultures among different people. Africans have adopted some foreign cultures and have in turn exported their own. One way in which this has been achieved is in the sale and purchase of clothing. As a business person you can sale clothes and shoes between Africa and the rest of the world.
There are many East African business opportunities that you may want to consider. With proper research, you will understand where you can best fit in. Consulting with persons who have instated in this region for some time is strongly advised.
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.
The agricultural industry is one of the biggest sectors of the region. Huge earnings are realised from the sale of cash crops and animal products. There are many areas in these sector in which a potential investor can do business. The sale of farm inputs and agricultural equipment is one of them. The produce is often used as the collateral. Alternatively, loans can be obtained from a number of financial institutions.
Apart from selling of agricultural inputs the other opportunity lies in the buying of produce from the farmers and selling it at a profit. Although many of them are organised into units responsible for the sale of their produce, there an equally huge number that operate as individuals and are willing to sell it to a third party. As a third party you will complete the export process and this will no doubt earn you some good money.
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.
Technology has grown in leaps and bounds within the African continent. There has been particularly high growth in mobile telephony and the use of the internet. These increased rates have resulted in increased demand for mobile phone devices and computers. Export the devices to the region is one way you can set up a profitable business. The most important thing is to ensure that you understand the market.
Globalisation has resulted in extensive exchange of cultures among different people. Africans have adopted some foreign cultures and have in turn exported their own. One way in which this has been achieved is in the sale and purchase of clothing. As a business person you can sale clothes and shoes between Africa and the rest of the world.
There are many East African business opportunities that you may want to consider. With proper research, you will understand where you can best fit in. Consulting with persons who have instated in this region for some time is strongly advised.
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