Author name: wealthideas

It’s boom time for all kinds of clothing businesses… but don’t become that next corner shop! Where do Africans get their clothing from? Yes, I know we buy it in shops and open markets but where does it really come from? Who makes them? The answers to these questions hold the key to fully understanding […]

Textiles – The demand for fabrics is on the rise providing multiple opportunities for you! Every piece of clothing – shirt, dress, suit or blouse – first exists as a sheet of fabric; it is the most important raw material on which the clothing industry is built. Every year, millions of rolls of clothing materials

Clothing accessories: you can make cool profits with all kinds of small stuff. If you think the clothing industry is huge, think again. The accessories we often wear with our clothing make up a much larger market that is worth billions of dollars every year. Clothing accessories include a wide range of items; some of

The opportunities in Africa’s mobile hardware market are still huge. Mobile phones are now the fastest selling device in the world, even more so in Africa! Many of the major mobile brands, especially Nokia, Samsung, Blackberry and Apple, continue to compete aggressively to gain a larger share of the action. Although the market for brand-new

You may have noticed that there is somewhat of an app hype happening in Africa‘s tech scene. It is just so cool to build an app. In Nairobi‘s iHub young leaders in the technology space tell us they are trying to move away from that and focus more on apps that can solve real problems

There are several opportunities to service Africa’s growing telecoms industry With millions of people to serve and lots of ground to cover, telecom companies are rolling out communications masts/towers and base stations across Africa. As more people go mobile in Africa, there is also a huge investment in telecom infrastructure and networks to support this

Produce grains that Africa imports so far: Grow and process wheat, rice, or oats! An important fact is that countries like Nigeria import millions of tons of rice, oats, and wheat each year; most of it arrives from the West and Asia. In fact, in 2013 alone, Nigeria spent roughly $1 billion to buy wheat

Tomatoes are one of the most popular vegetables and a staple in many Nigerian dishes. However, the poor quality of locally grown crops, combined with a weak transportation infrastructure, causes the country to import almost $500 million in tomato paste every year, according to a recent Harvard report. The sad thing is tomatoes are grown

Have you heard of it? This is the kind of new and innovative product that is coming out of Africa and Nigeria appears to be the biggest promoter of this interesting trend. As part of its plans to become self-sufficient in food production, Nigeria appears to be doing its best to substitute imported wheat with

Open a business feeding Africa’s love of meat dishes Meat (especially beef and goat, and in some countries pork and lamb) is one of the largest sources of animal protein in many diets across Africa. It is usually a favorite addition in sauces, soups, and stews and is eaten everywhere on the continent. Although meat