hidden business opportunities in nigeria

In 2004 she started her company, SoleRebels, by successfully raising capital of $10,000 from family members.īy using locally-sourced, hand-loomed and organic fabrics combined with recycled materials like old car tyres and uniforms, she created a unique eco-friendly brand of footwear products that became one of the most popular African footwear brands in the world. And rather than blame and criticize the situation, Bethlehem decided to find a market. What these artisans lacked was access to a lucrative market. She stumbled on an interesting business opportunity after years of noticing how artisans in her community remained jobless and poor, despite their excellent craftsmanship and ability to make great-looking and high-quality footwear. SoleRebels (Ethiopia)īethlehem Alemu, Founder of SoleRebels, Republic of Leather, and Garden of Coffeeīethlehem Tilahun Alemu grew up in Zenabwork, a poor village in the suburbs of Addis Ababa, Ethiopia.

Let’s meet the top business opportunities in Africa: 1. The success stories you’re about to read prove that there can be a goldmine of wealth and unexpected success when you take on tough problems. Rather, you’re about to witness some of the most innovative and refreshing opportunities that smart entrepreneurs are currently exploring across the African continent. The business opportunities you’re about to learn do not belong to the ‘old-school’, traditional and uninspiring industries – like crude oil, gold, timber, agricultural commodities, and diamonds. This article is a snippet of over one hundred of the most interesting business opportunities in Africa right now. Therefore, the bigger the problems you can solve, the higher the potential rewards you get.Īs strange as it sounds, this is the secret behind all the success stories you’re about to read. Strangely, while most people are irritated and frustrated by these problems, the entrepreneurs who are building a fortune and impacting lives in Africa are excited and inspired by these tough problems.īecause they see problems differently, the entrepreneurs who are succeeding in Africa apply their creativity and innovation to solve tough problems in a way that makes money, creates jobs, and positively impacts people’s lives.Īfrica is a market that overwhelmingly rewards problem-solvers. If you’re a victim of the one-sided poverty story of Africa that the mainstream media constantly feeds us, you should be familiar with the picture. You see, when most people look at Africa, all they see are problems and challenges: hunger, disease, unemployment, illiteracy, waste, financial exclusion, inadequate electricity, and a long list of others. The big difference is that most of the smart entrepreneurs who are building a fortune in Africa right now - like the entrepreneurs in the success stories you’re about to read - have a unique perspective on the continent.Īll of them are actually succeeding because they see Africa differently. Like China and India, Africa’s journey to economic prosperity will create a lot of big winners.

And by 2050, the continent’s economy could quadruple its current size and be worth up to $29 trillion. And the success stories you’re about to read prove just how much these opportunities are worth.Īccording to the IMF’s recent World Economic Outlook, six of the ten fastest-growing economies in the world are in Africa. There is an abundance of amazing business opportunities in Africa.

Hidden business opportunities in nigeria