HomeBUSINESS15 Profitable Untapped Business Opportunities in Africa in 2022

15 Profitable Untapped Business Opportunities in Africa in 2022

There is a lot of business moving on in Africa right now. though there are also a lot of profitable untapped business prospects in Africa.

If you are looking for business concepts that no one or few people are executing, then you have come to the proper place. In this article, we examine some of the untapped business options in Africa and share some insights on setting up a thriving business in Africa.
List of Untapped Business Opportunities in Africa
Here is a complet list of some of the untapped enterprise opportunities in Africa:

Agribusiness in Africa

Africa has a lot of natural materials that can grow food for the continent and medicine and additional conveniences.
The continent’s climate is helping to growing almost anything. With the current situations experienced by some nations in Asia, Africa is becoming an perfect choice for people who want to finance in agriculture.
Here are some good ideas on starting an agribusiness experience:
Packaging Unprocessed agricultural yields like cocoa beans, coffee beans, and palm oil into opportunely packaging for consumers.
They are processing Unprocessed agricultural products into concluded goods other industries can devour or use as raw materials.
Growing and exporting agricultural crop like rice, cassava, yams, and bananas to global markets.
Starting an organic agriculture farm to produce organic foodstuffs like fruits and vegetables for local and export markets.

Business Process Outsourcing – BPO

As the name implies, this kind of business entails out-sourcing a business process from a customer to a third-party assistance provider.
You can deliver Business Process Outsourcing assistance in Africa. There are already a lot of business strategy centers in Africa. But the possibilities for investors of BPO ventures still abound.
This is among profitable untapped business prospects in Africa. The growth of the BPO industry will grow as internet penetration increases.

Food Processing Business in Africa

You do not own to go big; even small businesses can earn money from this venture.
Say, for instance, you want to process cocoa beans into chocolate products as flour, powdered milk, & candy bars; with the existing cocoa crisis, you have an immense market for your products. This firm idea can be a goldmine with the right money and marketing plan.

Off-Grid Solar Development &Supply Business

Many African nations still rely on kerosene, candles, and dry cell batteries as power sources.
This is a tremendous market option for those who can provide off-grid solar growth and supply services.
The off-grid solar system is a renewable power source that can power up homes and headquarters with or without connection to the nationwide grid.

Manufacturing of Electric Bicycles in Africa

Electric bikes are becoming very popular in the developed world, particularly with increasing oil and gas prices and environmental considerations.

In Africa, electric bicycles can be a convenient alternative for vehicular transportation. And besides, if you source or manufacture these bikes locally, that will be another untapped business chance in Africa.

Untapped E-Commerce Business

Another very lucrative untapped industry opportunity in Africa is the e-commerce business.
With advancement in internet penetration and mobile phone usage, e-commerce is taking off in Africa. The other explanation eCommerce is an excellent business option in Africa is the young population in Africa.
These youthful Africans are always online, particularly on their mobile phones. This is because they are more trend-conscious and have a lot of disposable income to pay on the latest style trends or whatever they see online.
There are many possibilities for those interested in the E-commerce business. One idea is to get online payments from customers utilizing local currencies.

Blue Economy Business in Africa

The Blue Economic business is one of Africa’s most profitable possible untapped business prospects.
Blue Economy refers to ocean-related initiatives that contribute to economic growth, social action, and improved living standards for individuals living near coastal communities.
Examples are fish farming, oil investigation, biofuels from algae, and manufacturing medicines from aquatic organisms.

Eco-Tourism in Africa

Africa has many visitor attractions: wildlife, safaris, nature paths, and other exciting locations.
This is an ample chance for African countries to expand their tourism industry by providing lodgings for visitors and offering outings around the country or continent.
Business ideas in the Eco-Tourism enterprise are many.

Data Storage Business Opportunity

With advances in information & Communication Technology, more data is being generated.
There is a growing need for data warehouse services, as there is limited space to store the ever-increasing importance of digital content.
Business proprietors can offer cloud-based backup answers to individual users or companies. Another idea is to deliver internet-based file-sharing platforms to share their data depository.

Cybersecurity opportunities in Africa

Another attractive business opportunity in Africa is cyber-security.
With over 1.7 billion people online woldwide, there is a demand for cybersecurity assistance to protect user uniqueness and assets from unauthorized access.
Cybersecurity professionals can help companies ensure their communications networks against cyber-attacks and intellectual property theft.
And if you have the skills to glimpse vulnerabilities in computer techniques, you can become a cyber-security consultant.

Fintech Industry in Africa

Mobile phone penetration is absolutely high in Africa.
And with the huge spread of mobile devices, there is an immense opportunity for the Fintech industry in Africa.
Financial technology (FinTech) suggests using technological instruments to provide financial assistance, such as cash transfers and lending. These technologies retain cryptography, mobile payments, blockchains, crowdsourcing, biometrics, machine learning, artificial intelligence, , and more.

Opportunities in Edutech

Africa is a mainland with the most considerable illiteracy groups in the world.
It is estimated that 65% of grown-ups in Sub-Saharan Africa cannot read or write.
This is a vast untapped business option for those who want to educate young Africans on how they can satisfy from technology and use it as a tool for their development.
The Edutech initiative involves developing digital content to teach students how to use the internet to learn.
The best interaction idea in this industry is to develop mobile applications for kids with games, quizzes, and educational videos that guide digital literacy skills.

Urban Logistics Solutions in Africa

There are much options to be explored in the Urban Logistics Solutions business.
As African cities resume to grow, businesses need advanced technologies and answers that can help them manage the growing importance of goods that they receive and have efficiently. This is an option for entrepreneurs with knowledge in building marketplaces for trading goods in the digital space.

Low-cost Healthcare

One of the most significant challenges for Africa is healthcare.
Africa has the lowest life longing and child mortality rates in the world.
This is a huge business opportunity for entrepreneurs and investors to deliver low-cost medical care.
There are many ideas: health insurance, telemedicine, mobile clinics, online pharmacies, etc.
Business owners can also create new ideas that can improve the healthcare industry.

Affordable Housing Options

There is a significant housing deficit in Africa that has been going on for quite some period now.
This is a choice for those who want to be entrepreneurs and investors, as the African government’s focus is to provide inexpensive houses for their citizens. Entrepreneurs can offer consulting services to those involved in the real estate enterprise. Another idea is to supply low-cost home structures that can be constructed utilizing local materials.

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