A new survey by ZenBusiness has found that the industries that most attract entrepreneurs vary from country to country and depend on various factors such as infrastructure, business climate, and culture.
According to the survey, Personal services are the most-searched-for small business type in 22.7% of African countries, the largest share of any continent. These include interior design in Mauritius, cooking gas refills in South Africa, and photography in Namibia.
The map below shows the businesses entrepreneurs want to start the most throughout Africa.
The report also found that the range of businesses being searched for by prospective entrepreneurs across Africa varies from cooking gas refills in South Africa to interior design in Mauritius. In Zimbabwe, as well as Burkina Faso, the Republic of the Congo, Madagascar, and Mali, searches related to starting a recycling business outnumber searches for any other business type.
One factor influencing the aspirations of African entrepreneurs may be the region’s growing waste problem. According to a recent survey, 58% of young Africans are dissatisfied with current recycling efforts on the continent. In Zimbabwe, 80% of respondents are dissatisfied, the largest share of any African country. In Zimbabwe, as well as Burkina Faso, the Republic of the Congo, Madagascar, and Mali, searches related to starting a recycling business outnumber searches for any other business type. View the map below to see the businesses entrepreneurs want to start the most throughout Africa.
Here are the best small business entrepreneurs want to start in Africa.
Nigeria – Point of sale (POS)
Ghana – Real Estate
Kenya – M-Pesa
Tanzania – Clothing
Uganda – Wholesale
Ethiopia – Real Estate
Zimbabwe – Recycling
South Africa – Cooking Gas Refill
Rwanda – Real Estate
Egypt – Import/Export
Morocco – Freight
Senegal – Cleaning
Algeria – Contracting
Libya – Software
Tunisia – Import/Export
Cape Verde – Jewelry
Cote D’Ivoire – Cleaning
Mozambique – Clothing
Zambia – Second-hand Clothing
DR Congo – Construction
According to the World Trade Organization, small- and medium-sized enterprises account for 45% of GDP in developing and developed countries and 66% of total jobs. The ability to start and grow new businesses is crucial to the health of any economy, and the types of businesses that entrepreneurs start within a given country can significantly shape the path of its economic growth.
