SME Opportunities in Africa

Small Business Ideas For African Entrepreneurs

It is important to understand that there is no shortage of business opportunities in Africa. Investing in a business in Africa when it is well thought out gives a higher percentage of return and can scale really fast as most markets are not saturated and there is hardly any competition.

As Entrepreneurs, we need to think creatively and find ways to ensure the needs of people in our communities can be met at an affordable cost. Below we have suggestions for a wide range of business opportunities that can be pursued in any nation in the world under the right conditions. Since our focus is Africa, for each business opportunity we offer extra support for African entrepreneurs who want to start their businesses or grow their existing business. Feel free to contact us about how we can help your business work in Africa.

The business opportunities listed totally depend on your ability and capacity. As you grow yourself and your organisation it can move from a micro business to small, large and even to a global business. There are no limits to what you can achieve with your small business as long as you are ready to learn and take action.

A business opportunity consists of four  closely interrelated areas that need to be met within the window of opportunity in a region. The key areas that determine whether or not a business opportunity is feasible  are:

  • Market demand (there is a gap or need in the market) that is not currently fulfilled; sometimes people are aware of the need and talk about sometimes they are not because hey do not know there is a better way
  • A strong means of fulfilling that need; feasibility in the targeted market. This is where your creativity as an entrepreneur comes in. If you create a business that follows the same model as everyone, the same factors that affect them will affect you. You need to think beyond this and while not throwing away the baby with the water build a model that takes advantage of market opportunities while protecting yourself from the risks as much as you can.
  • Economic benefit or good return for the investment made; pricing is crucial. You don’t want to steal from your clients but you also do not want to be a charity. People should pay a fair price for a good product / service. And often they do wherever you are in the world.

KEY TO GOOD BUSINESS OPPORTUNITIES IN AFRICA

The combination of how the key areas (or elements) are combined determine the success of a business. The more unique the better the returns for the entrepreneur. Overall the more control and expertise an entrepreneur has over these areas the more successful they are likely to be.

In Africa, there are numerous business opportunities since none of the sectors is fully developed or saturated. It is the continual assessment of individuals in different communities to meet the needs of their community that will result in more and more business opportunities in the different markets for themselves.

SECTORS

Advanced Engineering;  Agriculture, Horticulture & Fisheries;  Business & Consumer Services;  Chemicals;  Construction;  Creative & Media;  Defence & Security;  Education & Training;  Energy;  Environment & Water;  Financial & Professional Services;  Food & Drink;  Global Sports Projects;  ICT; Leisure & Tourism;  Life Sciences;  Marine;  Mass Transport

SMALL BUSINESS IDEAS A-G

Academic & Freelance Writing Services
Accounting & Book Keeping Services
Advertising Agency
Aerial Photography
Affiliate Selling
Art; Prints, Paintings, Wood Carvings, Iron Sculptures, Mirror Art
Artificial Plants
Baby Business; Food, Clothing, Education & Toys
Bakery
Barber & Saloon
Basket Weaving
Beauty Shop
Bicycle Tours
Bottled Water
Building Material Supplies  and Services
Business Consultant
Butchery
Call Centre
Calligraphy
Card Design
Candle Making
Career and Personal Coach
Car Maintenance
Catering Services
Chicken / Poultry  Farm
Child Care
Christmas Decorations & Ornaments
Coaching Services
Cooking Classes
Commercial Cleaning
Computer repair and VAS Business
Courier Services
Cyber Café
Dance Trainer
Day Care
Disability Opportunities
Disc Jockey
Driving School
E-Commerce
Editing service
Educational Toys
Electronic Repair
Embroidery
Entertainment Centre
Entertainer; Artist, Musician, Puppeteer, Comedian or Poet
Etiquette training
Event Rentals; Games, Crockery, Tents and Furniture
Event and Party Planning
Events Master of Ceremony
Exports;  Approved Products
First-Aid Training
Fish Farming
Florist
Forex Trading
Frozen Yoghurt Shop
Fruits Salad Kiosk / Parlour
Furniture Refurbishing
Goat Rearing
Graphic Design and Digital Printing
Grocery Delivery
Gym and Wellness Centre

SMALL BUSINESS IDEAS H-M

Hair Products; Wigs & Weaves
Hatchery
Health Services
Home Business Ideas
Home Cleaning
Home Maintenance
Holiday Camps
Ice-cream Shop
Imports; Cars, Shoes, Clothes, Jewellery, Machinery and Industrial Chemicals
Interior Decoration
Internet Marketing Consulting
Jewelry Business
Juice Parlour
Language Training
Laundry Services
Leather Business; Processing of Leather Items
Maggot Production
Maid Service
Massage Salon
Matchmaking
Micro Finance
Mobile Money Outlet;  Mobikash/Zap/ Airtel/Orange Money/M-Pesa
Mobile Toilet Rentals
Motivational Speaker
Motor Vehicle Towing Services
Movie Making Business
Movie Shop Business
Moving Services
Mining
Network Marketing
Oil And Gas
Pig Farm
Public Relations Agency

SMALL BUSINESS IDEAS N-S

Natural Home remedies
Newspaper Vendor
Online Marketing Consultant
Online Market Places
Ostrich Farming
Photography & Video Services
Photo Gift and Promotional Items; Mugs and Plates
Proposal Writing
Pool Cleaner
Tuition Services
Rabbit Rearing
Real Estate Development
Rubber Stamps
Second Hand Clothes / Flee Market
Security Guard Company
Skin Care Products
Shoe shine
Silk Warm Farming
Snake Farming
Sports Bar
Steam Cleaning and Upholstery Service

SMALL BUSINESS IDEAS T-Z

Tailoring; Designer Household Items
Tailoring; Bespoke Clothing
Taxi and Transport
Travel Agency
Truffle Production
T-shirt Printing
Tour Guide
Vehicle Parts
Venture Capital Broker
Water Supply Services
Waste management
Web Design, Hosting And Internet Solutions
Wedding consultant
Writing services

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