23May

Investment in Africa: the new trending sectors

Thanks to a globalized economy, the African continent is on the rise. It is an el dorado for investors looking for business opportunities. Because of that, it became the number one favorite destination for an expansion of a business activity and it is not very surprising knowing that half of the countries with the highest growth rate in the world are from Africa. This last few years, most of the new millionaires and investors set their eyes on the black continent looking for a profitable sector to invest in. Investing in Africa has therefore become the new trend for business moguls but what exactly are those sectors?solar energy, agribusiness,not to forget internet access, are all very lucrative sectors in Africa.

Solar energy

In Africa, there are plenty of potential and opportunities for investors. Some sectors are more popular than others because of their profitability like the solar energy business. It represents one of the most abundant resource in Africa since it is available 300 days a year. In fact, according to recent studies from Irena, the African continent is the most favorable place in the world for solar energy development. Based on what he said, investments in solar parks, nowadays reach approximately 1.3 million of dollars for every MW installed compared to a world average MW installed of 1.8 million.

The agribusiness

Apart from solar energy, the agribusiness sector in Africa is very popular. It is a relatively unexplored business that represents a real gold mine. Based on this observation, Aliko Dangote,the richest man in Africa presumably invested 1 million dollar in rice production. Obviously, he is aware of the amount of money Africa spend in importing rice.

Internet access

It is estimated that the internet access market in Africa is worth billions.According to Mckinsey Global Institute firm, Internet could be instrumental in bringing 318 billions of US dollars in the continent gross domestic product by 2025. Those numbers go to show how promising this sector is in terms of investing in it.

An urgent need in human resources

Those new trending sectors call for new skills and for that reason human resources would need to be trained so they can deal with it accordingly. Thus, many young people are leaning toward pursuing a career in those demanding field.

31Jan

Tips for “Repat”: How to Plan my Professional Return Project ?

Diaspora Advice – This article was published by a “repat” in the blog africanamazone.com is still relevant. We feel this attachment to Africa from the very first lines of this reflection that the author wanted to share, on a subject at the heart of the concerns of the African diaspora: the return to Africa

28Jan

Africa – Investing in human resources, a priority. Why?

For entrepreneurs in Africa and its diaspora, investing in the continent is the main solution to participate in its development. Several investment niches are mentioned. The creation of startups in the field of technologies and services causes more fundraising.

18Sep

Hire Millennials in Africa

Millennials are an exciting and interesting part of the workforce on the African continent. Todays research shows that they represent a pretty big part of the African workforce, whereas they make up about 30% of the overall population(1). Despite all this, millennials are mostly depicted negative in the media.