Some East African Business Opportunities You May Wish To Know

By Judy Sullivan


There are many business East African business opportunities that may interest you as a potential investor. The African continent is undergoing rapid growth and is opening up to the rest of the world for investment. The region has numerous natural resources and is already a big exporter of raw materials. At the same time, it imports quite heavily from the western world. Many countries in the region have young economies meaning that they have quite a lot in untapped opportunities.

A major area that you may want to consider for investment is the exploration of natural resources. There are numerous deposits of precious metals in the region most of which are economically viable. Entering this sector does require that you secure a sizeable amount of capital because of the huge expenses involved but what is certain is that you will earn yourself tremendous returns. The discovery of oil reserves in some areas has already attracted a lot of attention.

The agricultural industry is one of the biggest sectors of the region. Huge earnings are realised from the sale of cash crops and animal products. There are many areas in these sector in which a potential investor can do business. The sale of farm inputs and agricultural equipment is one of them. The produce is often used as the collateral. Alternatively, loans can be obtained from a number of financial institutions.

Apart from selling of agricultural inputs the other opportunity lies in the buying of produce from the farmers and selling it at a profit. Although many of them are organised into units responsible for the sale of their produce, there an equally huge number that operate as individuals and are willing to sell it to a third party. As a third party you will complete the export process and this will no doubt earn you some good money.

The region is known all over the world for its beautiful wildlife and scenery. It has been a major tourist destination receiving thousands of visitors annually from varied destinations. There is a particularly high inflow of the tourists during the winter season in Europe. You can plug in a number of areas here including the hotel industry, travel agencies and tour guide companies.

There is a lot of enthusiasm for technology in Africa. Internet usage rates have soared over the last few years. Related to this increase is the increase in demand for computers, mobile phones and other electronics. If you put your money in technology, you most certainly will not be disappointed. All that you need to do is to research well to clearly identify your target clients.

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 several sectors of East African business that may generate good returns for the investors. A proper understanding of markets is needed if you want to succeed. Consult with other investors in this region so as to make well-informed decisions.




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