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I SEE MONEY IN AFRICA
I SEE MONEY IN AFRICA I SEE MONEY IN AFRICA
occasionally, which is why people prefer not to waste consumed daily, and you can’t run at a loss if you
money buying party equipment; they prefer to rent venture into this business and do it well. You can create
them. Event rental businesses help people add spice to numerous job opportunities for many people and also
their events and retain beautiful, long-lasting contribute to their economic growth. The poultry
memories. You can purchase and rent out this business also has the potential to create food security
equipment to make events look more glamorous. and industrialisation. For example, in Namibia, the
broiler industry contributed 0.71% to its overall gross
6. NURSING HOME BUSINESS: Compared to Europe, domestic profit in 2017.
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the notion of setting up an institution that caters to the
elderly is quite foreign to most African countries due to 8. COSMETICS BUSINESS:
their cultural beliefs. However, with the fast-growing The cosmetics industry is
population of Africa, it has become expedient for a billion-dollar one, as it
nursing homes to be established regardless of thrives on people’s desire
conservatism or cultural beliefs. It is generally to look and feel good with
believed that young people are expected to take care of soaps, lotions, make up,
their elderly parents, but the pressure for work and etc. You can decide on the
labour seems to stand against such belief. It appears manufacture and sales of
the only viable solution is the nursing home. You can cosmetic products. An
tap into this gold mine by establishing a nursing home example of a successful
and hiring well-trained nurses. entrepreneur in the
c o s m e t i c b u s i n e s s
7. POULTRY FARM BUSINESS: Poultry farming is a industry is Renchia Droganis—a South African who
profitable business which started from her kitchen and sold around her
involves the rearing of neighbourhood. She went from making $400 to
domestic birds commercially making $1 billion monthly from the sales of her
for mass production of meat products to other countries.
and eggs. Meat and eggs are
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