10 Business Opportunities in Africa That Will Create More Millionaires in 2015 and Beyond PART 2

 

photo courtesy of suratisweetmart.com

I started this series on the last post. Here are more thoughts on the topic.

Retail

Africa’s retail market is a multi-billion dollar business opportunity. In addition to its over 1 billion population, more Africans are buying stuff due to their growing economies, rising middle class and rapid urbanization.

Africa’s retail market is going through a monumental shift. Retail is gradually moving away from informal trading in open markets to organized retail in shopping malls and online stores. Africa’s home-grown supermarket chains like Shoprite, Game, Woolworths and Nakumatt are entering more countries and are spreading fast across the continent.

What Are You Seeing?

photo courtesy of the collectiveint.com

ONE day a professor entered the classroom and asked his students to prepare for a surprise test. They waited anxiously at their desks for the test to begin. The professor handed out the question paper, with the text facing down as usual. Once he handed them all out, he asked his students to turn the page and begin. To everyone's surprise, there were no questions....just a black dot in the centre of the page. The professor seeing the expression on everyone's face, told them the following: