It s the new way of making money and doing good at the same time. It s ok to be rich.
We took a close look at the lucrative potentials of this sector in our article.
How to make money in african countries. They re also passionate about impact. There are many avenues for you to make money whilst being in africa and work online. How to make money in africa step by step step 1.
Building and construction materials 9 hot selling products that can make you money in africa. Since many african countries have enormous natural resources the second option is to invest in commodity etfs like those focused on copper and gold. But algeria angola ethiopia ghana kenya morocco sudan and tunisia will.
One of the reasons why africans cannot develop is that people seldom. Much of that 2 5 trillion will be spent in three countries. Other building and construction materials like wood glass aggregates and steel have become hot selling products.
How to bid and make money in africa s procurement sector the procurement sector is often the largest domestic market in developing countries. The first option is to purchase middle eastern and frontier market etfs that include exposure to african countries. Did you know that in some african countries public procurement contracts account for about 50 to 70 percent of total expenditure and around 10 percent of gdp.
If you want to make money in africa you have to. First i need to make one thing clear. Africa is blessed with a lot of solid minerals including gold iron ore tin columbite and diamonds among several others.
If we re honest with ourselves we know that life would feel a whole lot better if we didn t have to ever worry about making the rent paying our kids school fees affording the best things in life or taking a refreshing vacation to a beautiful foreign destination. You can start a business that explores and extracts these minerals for sale. It s called impact entrepreneurship.
We shouldn t feel any guilt about it. They want to create value that touches and improves people s lives. Identify a problem successful people are problem solvers.
Businesses like this get a lot of foreign investment. Nigeria 20 egypt 17 and south africa 11. What are your capabilities and interests.
Barring the traditional freelancing and affiliate models which you can read up on anywhere take advantage of what you have being present in the continent and your knowledge about african countries here are some suggestions. The most popular etfs to invest in africa include. Labour arbitrage for outsourcing.
But africa s new and emerging generation of millionaires are not just excited about money.