
If you’ve been following me for a while, you know my stance on banks in Africa – I find them utterly ineffective. It’s frustrating to see so much business potential being wasted on the back of a profit-first mentality.
That said, if you’re looking to invest and earn a solid return, there’s no better place than Africa right now. People are eager for investment opportunities because the local banks offer such challenging rates and conditions. This creates a unique chance for you to make a real impact while reaping the rewards!
Let me give you some facts.
The average interest rate in African markets is 23%
23%!!!!!!
I don’t know where you are reading this from, but this is absolutely insane.
Living in Kenya, I recently received one of those promotional emails claiming I qualify for a loan with an interest rate of just 20.5%.
Just 20.5%
It’s mind-boggling to think about the financial landscape here and how such rates can affect business. They are simply forced to find other ways to finance their growth.
This is where you come in.
Don’t worry, I am not asking you to close the funding gap on the continent.
I’d rather want to you think how you can put your money to use.
If you’d get half of the average interest rate on your invest, that would be a solid 11.5%
I believe a lot of stock portfolios would love to have an annual rate of 11.5%
This is how you have to think and also approach the project that you are keen to invest in.
Project owners here have a tough choice: they can either turn to a commercial bank to access capital or seek alternative solutions. Personally, I’ve seen that most businesses are opting for the latter. It’s a clear sign that they’re looking for more flexible and accessible funding options that the traditional banks just can’t provide.
This is your opportunity.
Do I need to tell you more?
You are literally the 23% solution. Structure your investment well, choose the right project and you are in business.
Let me know if you need more of such opportunities.
It can’t be easier to earn an extra income than this.
P.S.: Let me know if you want to deep dive into earning an extra income. Simply drop me an email and we can chat.
1.Join the AfriPreneur self-paced online courses! With over 15 years of experience in doing business in Africa, I’ll guide you on how to successfully invest and grow your business across the continent.
2. Join my upcoming live session on LinkedIn! We’ll explore real business cases and get hands-on insights on how to thrive in African markets. Let’s roll up our sleeves and learn together!
3. Sponsor the AfriPreneur Weekly! and promote your business to Africa’s most promising entrepreneurs and businesses!
4. Let’s share an espresso! By the time we get to the bottom of our espresso you’ll discover how I can help you invest and grow your business in Africa!
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