Saturday , June 19 2021

Poultry, cannabis, vocational training and more

There is an opportunity to supply locally produced packaging materials for the horticultural sector of Ethiopia.

Here are nine business opportunities on our radar, as highlighted by top African entrepreneurs and investors.

1. Tapping in demand for plums in Angola and Mozambique. “Poultry is a big market and in the context of Africa it is at the top of the list,” says Henri de Villeneuve, founder of SAPA, an investment car that supports the entry of European agro-business groups into East and South African markets. . To be successful in plumbing, he notes, producers need to be integrated and control the value chain, starting with the feed. The cost of the feed is often good for about 70% of the price of the chicken. “Second, do not produce chicken for local consumption near the sea, as you may be affected by imports from Brazil or elsewhere. Instead, we produce chicken off the coast, because high transport costs make a domestic barrier a barrier to entry for competitors, ‘explains De Villeneuve. “It also helps to be aware of abnormal situations like gaps for increased demand. In Angola, everyone wants to have chicken at Christmas. They will charter 747s to import hin to meet local demand over this period; if you know this and are ready to trade, it can be a great investment opportunity. Prospects for agribusiness in East and Southern Africa: Investor shares his insights

2. Vocational training in Côte d’Ivoire. “From the perspective of an employer, there is still a huge gap between traditional theoretical training and the needs of companies,” explains Nouss Bih, who oversees the portfolio of investment firm Investors & Partners in Ivory Coast. “Our investments in the education space are focused on companies that focus their training on a clear market need. We have invested in technology-enabled solutions that can address this need on a large scale (for example, our investment in online professional training platform Etudesk), but we are also aware that for many vocational training there is still a need for in- person learning. We have invested in a number of companies with a physical presence, such as the Institut de Management, the Gestion et d’Hôtellerie (IMGH) and the Center des Métiers Michèle Yakice, which specialize in hospitality and tailoring training, respectively. Read our full interview with Nouss Bih.

3. Production of cannabis products in South Africa. From hemp products to the export of pharmaceutical ingredients, the emerging cannabis industry of South Africa presents several investment opportunities, according to joint CEO SilverLeaf Investments Pierre van der Hoven. The main areas of opportunity are the cultivation of cannabis, followed by the extraction of oil from the plant, test laboratories, and the retail and branding of CBD products. There are also investment opportunities in the manufacture of pharmaceutical cannabis products (not a well-developed area in South Africa), but this requires a permit from the South African Health Products Regulatory Authority (SAHPRA) and is a long and expensive process. Van der Hoven answers our questions about the potential in the cannabis sector.

4. Co-housing for young professionals in Lagos and beyond. Co-living is a residential model for residential homes that normally offers a private bedroom, with shared common areas. Typically, co-living referred to a scheme where three or more unrelated individuals share a private home, but it has evolved to where large mortgage developers now create apartment blocks with shared housing with short-term or flexible leases. Some of the benefits included can be stylishly furnished common areas, amenities of the utmost range, as well as services such as cleaning and security. Living spaces also make it easier to meet new people and make friends. “We think there is a massive untapped opportunity for general housing in general on the continent, but even more specifically in Lagos,” says Gregoire Schwebig, founder of AfricaWorks. Click to learn why Schwebig is bullish on co-living offerings in Nigeria.

5. Export of niche high-speed consumer goods (FMCG) from West Africa to the United States. The African Growth and Opportunity Act (AGOA) offers eligible sub-Saharan African countries free access to the US market for a wide range of products. Michael Clements, head of the West Africa Trade & Investment Hub, a USAID-funded initiative, believes that exporters should consider niche FMCG products, such as dried mangoes, various fruit jams, sugar-free chocolates, and canned canned goods. “West Africans living in the US love canned fish and he flies off the boards; there are not many American companies that produce this product, ‘he notes. Read about these and other West African products that are in high demand in the US.

6. Production of essential oils in East Africa. Maxima Nsimenta, CEO of Livara – a Ugandan brand that produces natural and organic products for hair, skin and body – believes there is potential for processing essential oils in East Africa. “We import quite a few essential oils, yet it is possible to produce locally. We grow flowers in Uganda and Kenya, but mainly for export to Amsterdam and Europe. We are not going the extra mile to use parts of these plants to extract essential oils. Lavender, for example, is a beautiful flower, very rich in oils; we could extract essential oil from lavender. A small forest of lavender sells for about 15,000 shillings (about $ 4) in Uganda; However, 20 ml of lavender oil will go for about $ 40. There are many local industries that need essential oils. They are used in pastries and beverages as well as daily cosmetics such as lotions, creams, hair products and perfumes. Some small-scale industries – such as those that produce perfume candles – also use essential oils. Find out more about this opportunity.

7. Alternative egg whites of insects. Several entrepreneurs in Africa have introduced insects as an alternative form of egg white. In Kenya, Ecodudu (interview with co-founder Adan Mohammed) produces organic fertilizers and animal feed from insect larvae, while the Rwandan company Magofarm (read more) also produces animal feed proteins from the black soldier fly. Ghanaian outfit Legendary Foods (founder Shobhita Soor tells us more about her business) focuses on human consumption and sells edible insects as a direct substitute for meat and fish.

8. Packaging material for the Ethiopian horticultural sector. “In general, there is a great opportunity for import exchange in Ethiopia, because a comprehensive list of goods is brought from abroad. In our sector, a great example of this is packaging,” explains Jacie Jones, Director of Perennial Foods Group, an agribusiness company operating in Ethiopia. “With a growing horticultural sector, there is a captive market of countless companies currently importing all their packaging (boxes, liners, bags and punches) .With local suppliers of high quality, Ethiopian companies were able to prevent the use of expensive foreign currency and could meaningfully reduce the carbon footprint of their packaging. ”Additional information about this business idea.

9. Private facilities for parents in Ghana. “Many parents in Ghana are only in their old age,” says businesswoman Leticia Osafo-Addo. “And there are very few formal care facilities for seniors.” Osafo-Addo, who trained as an anesthetist and critical care therapist in Germany before returning to Ghana, is the founder and MD of the food processing company Samba Foods, named on the alternative board of the Ghana Stock Exchange. ‘I think this is an opportunity. When I originally returned, I saw that there were no formal care facilities or even plans on how to care for parents. “Children and descendants who want to leave the country – and would pay for it – arrange care services for their parents,” she says. Click to read more about this idea to make a profit.

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