Did you know you can actually make money if you find and know, any of the listed best business to start in Africa? These are the 20 fastest growing businesses in Africa, also ranked best. Untapped best business opportunities for Africa. According to industrial surveys, and Google trends rank searches. These are the most searched, relevant best business to start in Africa.
Legit ways how to make money after an investment for Africans. Previously we shared businesses for Zambians, Nigeria and South Africa. Others may include making money online for these nations. No need to look for that job when you can become your own boss within months.
Don’t forget to check ways you can earn money, in case you’re from countries, including Zambia, Botswana, South Africa, Nigeria, Angola, Namibia and Malawi. After this, you should also know how to make over $100 thousand dollars per year from these best business to Start in Africa.
Top 15 Profitable Business Ideas in Africa
Despite your country of origin, these are trending opportunities to make money. Businesses have been tested and after close extermination we developed this list to guide your on your entrepreneurial path for 2021. Here’s a complete list to help you know what are the most profitable businesses in Africa.
Best Businesses to Start in Africa and Profitable Opportunities
1. Solar Panels Business
Selling of solar panels is number one and the the most profitable business in Africa. Most successful entrepreneur and motivational speakers have shared on the wide profit margin of this business.
There is so much one can do in Africa from selling and importing of solar panels. Akon Africa’s richest musician is one of few individuals making money from this business.. Most people have asked what is the best business to start in Africa? Well, from statistics collected people earn millions form solar business.
Starting your business is not that complicated. Remember we have wide range of businesses articles, full of suggestions that might work for you. Solar business has little restriction in Africa, very easy to get started as well and you can also try stock treading if you’re based in Zambia.
To get started selling solar panel, you will need capital of at least between $500 USD minimal to $2,000 USD. Find foreign solar suppliers to work with from China. Then start distributing locally in your country, in months should see results why its the best business to Start in Africa.
2. Mining Business
Typical activities in the mining industry for Africa, mostly includes metals production, metals investing, and metals trading.
The mining industry involves extraction of precious minerals and other geological materials which cost a fortune at the international stock exchange. The extracted materials are transformed into finished products for economic benefits.
Capital is required but mining is very profitable in Africa and has huge potential to make you millions within the shortest period. Commence with planning and construction phase, then obtaining permits, continuing economic studies, and refining mine plans.
Infrastructure development also takes place at this stage as mines are often located in remote areas that require construction of roads and electricity.
3. Private University
A “private” university is an institution whose funding comes from tuition, investments, and private donors, without any contribution from government or taxpayers.
Getting a business University degree from a top private university is an excellent way to enter a career in most countries. This business model, provides for great source to earn income and the third best business in Africa.
Business environments in Africa have a solid degree program foundation, that prepares you for the world of business. To start your career of owning an institution for education, only need a practicing license, partners and few investors.
Then hire lecturers with with highly relevant and marketable skills demanded by corporations in the business sector.
4. Cyber Security Company
Starting a Cybersecurity company is another highly profitable best business to start in Africa. These days, cybersecurity companies play an important role in helping safeguard businesses from cyber criminals.
Cyber-attacks are done to obtain unauthorized access, ruin or change data, or to extract money from victims.
Your company can make so much money just from safeguarding systems connected to the internet. It can protect data, software, networks, and other devices.
This form of business, involves to help individuals and organizations to safeguard their data and systems from hackers and any unauthorized and illegal access. A study performed by FireEye, showed people across the globe spend more than $175 million on cybersecurity.
5. Private Security Company
Private security companies have ranked on best business ideas in Africa. Governments also outsourcing these services, banks and private companies.
Global Labor Statistics, shows more companies providing guard and patrol services, make over $100.00 within few months.
This includes guard dog, parking security and security guard services. The average rate for security guards ranges from $10 to $50 per hour. Lowest fees for cheap security company, typically costs between $7,000 and $10,000 per month.
6. Logistics Business
consider starting up a shipment company for courier services. If you are tech savvy entrepreneur, you can create a platform to lower shipping prices for customers. As an entrepreneur, you want to choose the best idea in the best industry that would appeal to your market and skill set.
This is one of the trending logistical ideas that can satisfy the need for business owners to lower their freight shipping costs.
Work from home if you choose and offer comparisons between different shipping companies, include price differences and time estimates.
Create innovative solutions to support business operations and shipping. From shipping to transportation, the logistics industry has several profitable opportunities available. Logistics providers generated over $135 Billion in revenues last year.
7. Car Dealership Business
Launch a business that sells new or used cars at the retail level. Based on a dealership contract with an automaker, you can choose from a wide range of cars to sale.
Car dealerships are profitable, because you can sale from neighborhood dry cleaner to a mega-retailer like Walmart. Best business to Start in Africa, has to do with auto dealerships, the rows of shiny new cars might prompt shoppers to believe that they’re where the business makes most of its money.
On a $50,000 car, a hold back represents $500 to $700. The hold back allows dealers to sell a car at invoice price, or even below invoice, but still receive money to cover the costs.
8. Delivery Business
Delivery business make money from just one fee for all orders, either way it is guaranteed income per order.
Starting your own delivery business is a great way to be your own boss and make a respectable living without a lot of hassle. Delivery charge is that it is paid for by the customer as they order.
Gives freedom of being a small business owner without reinventing the wheel, a delivery business may be a good fit for you.
Requires low start-up costs, especially if you already have a vehicle, starting a delivery service is a very achievable goal, and here are a few tips to get you on your way.
9. Construction Company
The construction companies has different types depending upon the type of job the companies perform. Construction, includes acquisition of land, design, financial planning, execution, operating, maintaining and paper works denotes the construction company type.
Construction usually is done or coordinated by general contractors, who specialize in one type of construction such as residential or commercial building.
Heavy and civil engineering construction contractors build sewers, roads, highways, bridges, tunnels, and other projects related to our Nation’s infrastructure.
10. Web Hosting & Domain Selling
Make money from reselling domains: Process and sale domain registration on any website on behalf of major domain registrars.
Its one of the fastest growing business to make money online in Africa through domain registration and hosting. Such business ideas falls under passive income.
WHMCS provides all needed advanced features and tools to resell domains. Hence, with no degree and computer science knowledge its possible.
Withing minutes, WHMCS domain registrar will be operational to Make money from each domain purchase made through that customizable domain platform.
11. Car Wash business
Car wash business and process of starting a new car wash can be done quickly, this includes prospecting site locations. Make sure the process of securing financing is in place and actually assessing the availability of your market.
There’s so much you can do in Africa just by owning a car wash for motor cleaning services. and earn some side cash.
12. Barbershop & Saloon Business
Cutting of men hair is one of the trending businesses in the country which never runs out of fashion. Beauty and fashion will always be part of human nature. Everyone wants to look amazing hence just but that shaving machine, if you can not do it yourself.
Hire someone to do the job and second thing is for you to get your business located at a busy area, so you can get customers. It can be combined with a saloon to diversify and offer wide range of services.
13. Food Restaurant
This business is one of the best business in Africa that can make money for you. It’s a dream that may have been put on hold as the pandemic forced restaurants to halt indoor dining or even close their doors permanently.
You don’t even need an ice cream maker machine, but only a refrigerator, cream and some recipes for the flavor. Owning and operating a restaurant is a dream job for many aspiring entrepreneurs.
If you have some more money then get a customized ice cream machine and start making that money. This is one of the quickest money making business today, people will be flooding from all ends just to eat and buy your product.
14. Clothing Business
Popcorn never run out of fashion, despite it not been movie or theater night. People in this country love popcorn and majority don’t have time to cook them. If you stay near a cinema, that’s an advantage to tour business. Start selling fried popcorn’s today and make some cash.
15. Supermarket Business
supermarket business keeps growing in Africa, varying consumer choices and continuous changes in quality standards.
In order to succeed improving customer needs and relationship is essential to enhance their satisfaction and improve the reputation of the business.
Its good for selling tomatoes, vegetables and other necessities need for cooking and which society considers nutritious. Just find a shop within the market or outside your yard and start selling fresh foods.
People will never have to go out to that close supermarket when you can provide vegetables and onions at a favorable price.
The supermarket sector of retail industry provides high growth opportunities and the stores market share is very profitable.
Small Business Ideas in Africa 2020/2021
Here’s small business ideas in Africa
1. Blogging Business
Make money from a blog. Blogging is considered just an ordinary hobby. Well through blogging you can make a good amount of money. Earning money online is very simple with a good blog.
You just need a need a website. Hence blogging platforms can also be used to get you going with earning cash from a blog.
- Also Read: How to Make Money Online South Africa
- Also Read: How to Make Money Online Nigeria
- Also Read: How to Make Money Online Zambia
- Also Read: How to Make Money Online UK
To make more with websites you need thousands of traffic accessing your website and clicking the ads. Hence 90% of websites with a lot of traffic have more authority and ranking. The more authority, more you stand a chance of getting deals from companies ready to pay for ad placement.
Earn money through YouTube.com. Content makers and creating have been making some cash from the platform. Advertising and signing up for the YouTube partner program is the first step.
Just make videos, get 1000 subscribers and 4000 watch hours to get started. After this you van make from 1, 100 to 1000 dollars it all depends with how many people are viewing videos.
3. Freelance Works
Earn money on Upwork.com which is a platform that connects businesses and people with skills. Anyone from freelancers, web design professionals are making money through this platform.
Due to low barrier entry, you just need to sign up and get started. Create an agency profile for your business and do jobs for people in need.
You’re making active income from coding, content writing, digital products and content promotion etc. Go on and get started with Upwork.com today to make that cash from what you’re good at. Secret to making more is just having any good looking robust profile for your wok.
Make money with Amazon.com: Did you know you can buy and sale just about anything on Amazon. Jeff Bezo’s company making multi billions of dollars a day is among easiest platforms to make money online in Africa, Just need to choose a way best fro you and get earning per month. You can earn anything from 1 – 20,00 dollars per month with Amazon.
Start making money on Flippa.com. Top-ranked number one global website for buying online businesses and products. You can become a business owner withing minutes just after placing a bid. The website operates similar to E bay, on that people sale businesses and websites.
Get started and become among 500,000 plus Buyers on Flippa earning money from Africa online. Sale that businesses, Apps, websites etc.
Business making 100 dollars per month can be sold for over 100,000 thousand on Flippa. I have personally used this platform to sale my first website. Its absolutely free and legit, just relax, find that business sale and join those making money.
4. Graphics Designing
Another best business to Start in Africa is through Shutter stock.com. This a good platform to earn money online today. Here’s a tip to of making money from Shutter-stock. First of all what is Shutter-stock? Its an an American provider of photography, premium stock images, instruments and music,including editing software.
So if you’re a talented graphic designer, photographer and probable have experience in video editing. Monetize your talent through Shutter-stock, sign up and begin earning passive income. Anytime anyone buys your image, you get paid, just continue making more amazing videos.
5. Drop shipping
Make money form Drop shipping: Selling peoples stuff for a small profit without meeting with the producer. Drop shipping helps you become a middle man. Here’s how Drop shipping works:
Goods and products in stock go to the customer’s after placing an order. Then details of the order go to the manufacturer after ordering through your online store. Then send shipment details to manufacturer, who then sends the order through ship parcel to the customer through courier companies.
Its a good way of how to make money online in south Africa 2021. The best part of this business is you set the price desired to get as commission on any product been sold online.
To conclude: Here’s other ways you can make money from home. If you have questions on best business to Start in Africa, especially on how to make money online in Africa don’t forget to drop us a comment and sign up for our newsletter.