The region full of countless treasures is facing an unprecedented boom of tourism. This has been possible by the easing of visas, more offensive communication, the flight connectivity with competitive prices, several new companies operating in the region and the internet coverage. The need for infrastructure and services is enormous to meet this growing demand. For instance, hotels despite the recent offensive of international hotel companies are very insufficient, find an accommodation is still challenging.
By 2030, consumer spending in hospitality and recreation in Africa is projected to reach about $261.77 billion.
.Africa has 60% of the untapped arable land in the world and can feed 3/4 of the planet. With the growth of the local demography and the external demand for exotic products, agriculture represents a huge and profitable opportunity. There is a variety of solutions to operate, being an import agent, a buyer directly from producers and other cooperatives and reseller, processing before exporting and add value, invest in local production and meet internal and / or external demand, or buy and rebranding before reselling.
For instance, to import, honey production is growing at high speed to meet an exploding global demand, same for food supplements, and seaweed for derivatives biodegradable products. The agribusiness market also includes opportunities for technological and technical services, sale of equipment (tractors, drones, irrigation, etc.) and other services.
Africa's food sector will be the next multi billion dollar industry globally.
The continent is experiencing a high rate of migration to cities, rent prices are very expensive, many countries are unable to build enough affordable housing, the very large needs of the tourism industry are reducing the supply of long-term rental with temporary rentals offered by certain platforms. The UN has projected that Africa will become the fastest urbanizing region in the world by 2025. Despite sizeable efforts by the public and private sectors, and construction costs that remain low, supply remains. strictly insufficient, several new cities have emerged, capitals are displaced, it is necessary to build massively for the growing middle classes, the investors and expatriates who settle, and the diasporas who return to their country. Demand and the potential for profitability are unevenly distributed, some cities and countries are more attractive than others and have a very favorable general environment for investing. Some countries are offering free land for real estate projects.
This underdeveloped and sometimes non-existent sector requires investment, there is a great need for equipment and structures, this has greatly increased with the demography and the emergence of a middle class, and recently put in the spotlight with Covid 19. The continent is facing a major challenge and public hospitals are poorly funded, health establishments are essential. Extremely low supply and high demand, it is therefore more an opportunity than a problem, the private market can offer quality solutions to dry up the very expensive massive medical tourism reserved for "elites", with quality and affordable services to through clinics, hospitals, medical equipment, research and development laboratories on traditional medicine. The continent will represent 14% of the world's medical business opportunities by 2030, just behind the USA at 21%. And the industry is promising, as it could generate nearly 16 million jobs on the continent. A situation that could benefit the private sector. Innovation now also plays a role with logistics solutions such as drones, remote consultations and medical measuring instruments.
ENERGY & ICT
Energy needs are enormous, especially electricity, with barely 1/4 of the population having access to the reliable electricity grid. The region is experiencing a boom in businesses offering clean alternative energies, solar panels, wind turbines, etc. from the sale of equipment and installation and maintenance services. Hydroelectricity and geothermal energy are also growing. The technological leapfrog effect makes it possible to respond to local problems with local solutions by disseminating technology everywhere, all creating a large market fond of disruptive technologies. Through these new sources, beyond providing electricity for domestic use, several other activities find an essential point of support for developing new business models with technological added value, in agriculture, telecommunications, means of payment and transport, the opportunities to settle there, create a startup or invest in projects with very high growth potential are innumerable, foreign investments are exploding (all African unicorns were created locally and have less than five years of existence) and the needs remain huge.
The continent has solid structural factors which are important vectors for the take-off of the manufacturing industry. Several companies, in the transformation of raw materials, food, clothing, agriculture ... are present on the market, their number is increasing very quickly, this is stimulated by the size of the market and very ambitious reforms. Much remains to be done however, and opportunities remain numerous with ongoing development and growth. With digital, opportunities are multiplying for sub-Saharan Africa. New technologies make it possible to rethink African industrial catching-up. These information and communication technologies (ICT) complement and support manufacturing activity. The various crises in the value and supply chains, again exacerbated by Covid 19 with countries that want to reduce the distance and their dependence on China are also causing an influx of companies to Africa.