Here they are: 

✅ Opportunity 1 – Car leasing business 

Basic requirements:    

A comfortable car (saloon or SUV depending on your target market)

The opportunity:         

Uber, Bolt, and Little have rapidly transformed urban transport in Africa, catering to everything from airport transfers to daily commutes. Both locals and foreigners appreciate having a reliable driver just a tap away.

Investment need:       

Starting from USD5,000 depending on the size of the car.

My tip:

Invest a bit more to offer quality cars, install a tracker, source for a reliable driver. Once you have a driver, agree on a weekly fee, collect the fee without delay and incentivise the driver to own the car after a certain period of time. You need to do the math, but I can send you a formular to use.    

✅ Opportunity 2 – Sourcing in China 

Basic requirements:    

You need to know which products are in high demand in your chosen African country, as well as have a general understanding of how trading works.
The opportunity:         
Most goods that people need regularly are manufactured in the Far East, particularly in China. While many traders are already in this market, the key challenge is sourcing. Many currently fly in and out of China, which can be costly. You can fill this gap by becoming a trusted “one-stop shop.” However, it’s essential to offer a diverse range of products and introduce new items regularly; otherwise, you’ll only compete on price.Most of the drivers hire cars on a weekly base for a weekly fixed fee. 

Investment need:       

Starting from USD5,000

My tip:

Products that women regularly consume, along with those for kids, are always in demand. Start small, go and check out the suppliers in China (once you learnt the ropes) and then scale your business from there. 

✅ Opportunity 3 – Co-Investments 

Basic requirements:    

A good network of people who are already invested in African markets
The opportunity:         
Investing doesn’t always require you to go 100% alone. Smart co-investing strategies can help share the initial investment burden and reduce risk. Just ensure that your contractual agreements with co-investors are clear.

Investment need:       

Starting from USD1,000

My tip:

Co-investing can be a lucrative way to allocate smaller amounts of money to existing projects. Be clear about your investment goals before you start searching for the best opportunities.

Wishing you best of luck in creating your own extra income here on the African continent.

P.S.: I am sure you have many more ideas for business ventures in Africa. Let’s schedule a first call to discuss more.