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.
One of the major investment opportunities in East Africa is exploration of natural resources. The region has a lot of deposits of precious minerals. Many of these deposits remain undiscovered and those that have been discovered have not been fully explored. Setting up a company to explore these minerals would surely earn huge returns. Recently oil reserves have been demonstrated in some areas and this is likely to attract of attention from the business community.
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.
Apart from the selling of inputs, the other area that may provide an opportunity of investment is the purchase of agricultural produce. You can act as a link between the farmers and their markets. Many of them want to cash in as soon as possible without going through the hustle of looking for markets. After buying the produce at an affordable price, you can look for the market and make a profit.
East Africa is known all over the world for its unique wild life varieties and beautiful scenery. The weather is also pleasant during the better part of the year. For decades, it has been a preferred destination for tourists from all over the world. The numbers sometimes run into hundreds of thousands per year. This sector provides a major investment opportunity in areas such as hotel and hospitality, travel agencies 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.
Clothes are one of the defining components of a given culture. Although Africans have been known to be quite conservative as regards their culture as evidenced by their dressing styles, there has a huge change in this in recent times. Fashion has crossed boundaries and has been readily embraced. The sale of clothes and shoes from other parts of the world is now a very profitable business.
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.
One of the major investment opportunities in East Africa is exploration of natural resources. The region has a lot of deposits of precious minerals. Many of these deposits remain undiscovered and those that have been discovered have not been fully explored. Setting up a company to explore these minerals would surely earn huge returns. Recently oil reserves have been demonstrated in some areas and this is likely to attract of attention from the business community.
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.
Apart from the selling of inputs, the other area that may provide an opportunity of investment is the purchase of agricultural produce. You can act as a link between the farmers and their markets. Many of them want to cash in as soon as possible without going through the hustle of looking for markets. After buying the produce at an affordable price, you can look for the market and make a profit.
East Africa is known all over the world for its unique wild life varieties and beautiful scenery. The weather is also pleasant during the better part of the year. For decades, it has been a preferred destination for tourists from all over the world. The numbers sometimes run into hundreds of thousands per year. This sector provides a major investment opportunity in areas such as hotel and hospitality, travel agencies 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.
Clothes are one of the defining components of a given culture. Although Africans have been known to be quite conservative as regards their culture as evidenced by their dressing styles, there has a huge change in this in recent times. Fashion has crossed boundaries and has been readily embraced. The sale of clothes and shoes from other parts of the world is now a very profitable business.
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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