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10 Low Cost Business Ideas That Will Make You Money From Anywhere In Africa

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10 Low Cost Business Ideas That Will Make You Money From Anywhere In Africa

Making money in Nigeria, Ghana, Kenya, South Africa, or any other place in Africa, has created a mirage of difficulties, because a very large number of the continent’s population lives below a dollar everyday. This poor economic situation has caused many to depend heavily on their governments and hope for the day they’ll truly revamp their policies, fight corruption, and initiate real economic measures that will help better the lives of the people.

While these problems exist, many on the continent are buying cars, going on vacations, acquiring properties, and living their lives to the fullest, to the shock of the entire world.

Where are these individuals getting these funds from? How are they making money in Africa? And how can you join the bandwagon?

While living a luxury life requires you owning and running a high-value business that’s extremely difficult for anyone with little to no capital to start up, there are several low cost business ideas you can start with and grow into something of value that’d make you a millionaire on the long run.

 

That said, here are 10 low cost business ideas that will make you money from anywhere in Africa, especially Nigeria, Kenya, Ghana, and South Africa:

 

1). Tailoring/Fashion Design1:

The fashion design industry in Africa is currently experiencing a fast rise. Many designers are creating amazing outfits, with a lot of them being featured and talked largely about on major fashion networks like Stylvo.This trend shows that the continent is moving in a great direction.

But irrespective of grand fashion design, many entrepreneurs can take advantage of the smaller part of the market called tailoring.

People in Africa always want to sew a certain style with their native attires, to be worn to different occasions and events, or simply mend a piece of clothing. This model of fashion design is the most common in Africa, especially Nigeria.

As an entrepreneur, you can learn sewing from a school, then purchase a sewing machine alongside a low cost rent to start up. All these can cost you anywhere from 50,000 Naira ($161) to well over 310,000 Naira ($1,000), depending on what scale you intend to start and grow your business at.

What’s The Long Term Benefit?

A long term growth with this model can help any audacious entrepreneur someday own a clothing manufacturing factory or a successful fashion line with the clothings all manufactured in-house.

This is one of the most affordable low cost business ideas any new entrepreneur can venture into.

 

2). Tutoring:

The tutoring industry is an extremely large and unregulated one. This literally has nothing to do with the school system in itself, but everything to do with what happens after school hours.

Many parents that want their children to learn just a little more in other to have a sound education, go on to hire an after-school tutor to privately coach them at home. These tutors visit the kids homes at specific hours and days to teach the child on a subject or two, usually within a one hour period.

While this may seem cliche, it is an extremely large industry because, one in every 10 parents hires a tutor for their kids.

If you’re knowledgeable on a particular subject, you could register on websites like PrepClass, so they can link you up with parents that need your services.

If you coach an average of 10 different kids at 16,000 Naira ($52) per child, you’d make 160,000 Naira ($520) in a month.

What’s The Long Term Benefit?

Home tutoring is just a first step to establishing a large after-school coaching centre. A person who acquires a lot of clients and also manages their personal finances well, can start up a tutoring centre within three years, after which, they may be able to own a primary or secondary school.

Low cost business ideas like tutoring can be a good step to establish something of great value many years down the line.

 

3). Recharge Card Voucher Printing And Selling:1

The volume of recharge cards purchased and used daily is at an unbelievably explosive rate. The extraordinary demand makes the business of printing and selling recharge card vouchers on a large scale, a very profitable venture for anyone who has the minimum sum to get into it.

What’s The Long Term Benefit?

The mobile phone era is only getting bigger. What this means is as you expand your recharge card printing business and network, your revenues will grow rapidly, giving you enough money overtime, to start up another valuable business you can run.

 

4). Beads And Ornaments Production:

Beads are one of the most common types of jewellery in Africa. Their primary use is for beautification, and they do a darn good job at that!

The demand for beads have also driven a lot of people to start learning how to make them. You could join these group of individuals by learning how to make extremely attractive beads and ornaments people would find difficult to resist, then price them slightly lower than the competition and sell them where others are sold.

This is one the most enjoyable low cost business ideas, largely because of the experience, which will help you create a major sell-out product if marketed to the right audience.

What’s The Long Term Benefit?

Starting from beads production, you could move on to producing more highly demanded and assorted accessories like ear rings, belts, handbags, shoes, and many more.

Carefully taking on one at a time and testing to ensure you’re spending the right amount of money and time will save you a lot, and help you build up a successful business on the long run.

 

5). Used Books:

Contrary to the belief that Africans hate to read, a lot actually wish they could, but because of the low standards of living, they find it difficult to acquire good books that they need to learn with.

You could take advantage of this trend by sourcing used books in various neighbourhoods. You can do this by moving from house to house, asking and offering to by them for a small price, which you could in turn sell for a higher price, but far lesser than what’s been sold in the market.

If you can’t do the sourcing yourself, you can have people do it for you at different neighbourhoods, then pay them a small fee whenever they deliver.

What’s The Long Term Benefit?

Low cost business ideas like selling used books, can grow into a successful large business on the long run. Starting with the books, you could overtime go on to setup a printing press that manufactures high quality books from recycled materials for a price close to that of the used books.

This way, you can grow a successful business that breaks the market price through manufacturing economically affordable books and educational materials that the poor and middle class Africans can afford.

 

6). Food Stuff Retail:

Food is a basic need of life, and frankly, anyone who doesn’t feed will cease to live at some point. You can take advantage of this universal basic need to start a roadside food business. Here, you could sell food items like palm oil, raw rice, raw beans, processed cassava (popularly known as garri in Nigeria), and a whole lot more.

By selling food items, you’re taking advantage of one of the longest standing low cost business ideas that leverages our core human needs, and guarantees you’ll always be in business.

What’s The Long Term Benefit?

Selling food items can be a start to setting up a grocery store or a super market. Starting small should never be a problem, but ensure you manage your finances, take good accounts, and slowly, your business would grow into something of value over many years.

 

7). Freelance Writing:

Freelance writing is one of the best low cost business ideas to venture into because, it literally requires an investment of almost $0, but great writing skills and enough time to spend on the internet looking for writing gigs.

Some freelance writers get paid as high as $100 to $1000 per article, while some others could make as high as $35,000 from ghost writing books.

A blog that covers freelance writing to a great extent is WritersInCharge. They’ll show you everything you need to know on how start, run, and grow a successful freelance writing career on the internet.

What’s The Long Term Benefit?

Freelance writing is a great way to build a publishing career. The articles you write can be a strong reference point, and will help you go a long way in landing great writing deals with publishing houses or even in setting up your own full-on professional writing company.

 

8). Pest Control Services:

Pests like rodents, reptiles, bed bugs, and harmful insects pose a big threat to residential/commercial houses and especially farms.

Most farms for instance, suffer from disease outbreak, which could be largely triggered by a pest infestation.

By setting up a pest control service, you could take advantage of the pest problems most people have and create a recurring revenue stream for yourself in an industry like agriculture, where they’d require you to come in once in a month or every two months for a routine clean up.

What’s The Long Term Benefit?

Pest control is the first step. Your knowledge on the types of pests that terrorise your customers a lot can help you move on to manufacture pesticides or insecticides created just for them. This way, you can produce what your potential customers could easily use, and knowing how to reach them, you could quickly grow a successful new business.

 

9). Baking And Distributing Roadside Snacks:

Road side snacks like fried plantain chips, doughnuts, sausage rolls, and a whole lot more are very common in many parts of Africa, especially Nigeria. Motorists always try to lookout for people selling them so they can make a purchase to quench their hunger or even thirst.

You could take advantage of the market the average road traffic creates, by baking snacks you could distribute to people who sell on the road, to market on your behalf.

What’s The Long Term Benefit?

By starting with basic roadside snacks targeting a small neighbourhood, you could silently build a brand that’d would go on to live in the minds of people over a long period of time.

Another great place they could be sold at is in a school, whether primary, secondary, or tertiary. Students always have a knack for buying junk, and could build a craving for your product in a short time.

Low cost business ideas like this are great for stay-at-home moms.

 

10). Small Scale Farming:

Farming, depending on which aspect you decide to venture into, could be a low cost business idea to take advantage of. Grass Cutter farming for instance, can be started for less than 70,000 Naira ($226), because anyone can first start up with just one colony.

The same applies to poultry farming and many other aspects of farming you may be considering.

What’s The Long Term Benefit?

Farming has outstanding benefits for anyone who ventures into it and is willing to hang in for the long run. This has stayed true over many years, with it being Africa’s primary resource point.

To start, first find a successful farmer in a particular farming niche, and learn from them, so your crops or farm animals don’t die.

From a slow growth, your farm could grow larger over a long period of time, especially when backed by a bank loan.

 

 

What are your thoughts on these 10 low cost business ideas you can start in any part of Africa or just Nigeria? Let me know by leaving a comment below.

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DSS finally speaks up on continued detention of Omoyele Sowore

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Omoyele Sowore in court

The Department of State Service has finally spoken up on the continued detention of the convener of the #RevolutionNow protests, Mr. Omoyele Sowore.

Addressing a news conference in Abuja on Tuesday, the spokesman for the Service, Mr. Peter Afunanya, insisted that the appropriate persons have not come for his release.

He claimed that personnel of the service were being threatened and despite that, the DSS has continued to hold the rights of citizens in high standard.

The DSS spokesman explained that those who came for Sowore’s release were protesters and administrative procedures must be followed for him to be released.

He stressed that only the persons who stood as sureties for Sowore can secure his release from the DSS custody.

Sowore has remained in the custody of the Service, weeks after a Federal High Court in Abuja granted him bail along with his co-defendant, Mr. Olawale Bakare, with some conditions.

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Another tanker carrying kerosene has fallen in Onitsha

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Tanker in Onitsha

Another tanker has fallen at Tarzan area, along Owerri/Onitsha expressway, in Onitsha, Anambra State on Tuesday.

The tanker was loaded with kerosene reports and it would be the tenth tanker to fall around Anambra State, within a space of two months.

In October, two tankers ladened with petroleum products fell in Onitsha, causing loss of lives, wares belonging to traders, houses and cars parked in automobile mechanic workshops.

Tuesday’s incident happened at about 10 am, which showed that the driver defied a previous order given by the state government which banned tankers from carrying petroleum products in the state at day.

The state police command’s public relations officer, SP Haruna Mohammed confirmed the incident, saying that men from the command were on ground to forestall any outbreak of fire.

Governor Willie Obiano, while placing a ban on the movement of Petrol laden tankers a month ago had called on security agencies, including the police to strictly enforce the ban.

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Pastor arrested with coffin, female underwear in Enugu

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Enugu pastor

A self-acclaimed pastor, Sunday Egbo has been arrested by the Enugu State Police Command and paraded after a small coffin, multiple female pants and braziers were recovered from his house.

Samuel is the General Overseer and founder of Christ Mercy Ministry, Ajuonu, Obukpa, Nsukka Local Government Area of Enugu State.

The end came for the said pastor after he allegedly raped a female member who had come for prayers.

The development led to his arrest and subsequent recovery of the items.

He told journalists that he procured the coffin and other items from a native doctor in Kogi State, with the hope of making money and attracting favour.

While admitting to raping the female member, the pastor said, “I paid the native doctor N200,000, to get the coffin and the flute. He told me to do certain things, after which I will get a Ghana-Must-Go bag full of money in my room.

“But after two weeks, the money did not come as the native doctor told me.”

He left advice for other men of God.

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10 corpses get burnt in fire outbreak at OAU morgue

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corpses in oau morgue

It is double wahala for dead body as ten corpses were burnt in a fire outbreak that occurred at the morgue of the Anatomy Department, Obafemi Awolowo University, Ile Ife, Osun State today November 19th.

The corpses were being used by the students of the department for their practicals were kept in the OAU morgue.

 

Confirming the incident, the spokesperson for Osun Police Command, Folasade Odoro, said no life was lost in the incident.  She added that the cause of the fire is being investigated.

 

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62 year old man sentenced for drug trafficking in Lagos

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Man in prison for drug trafficking

A Federal High Court in Lagos has sentenced a 62-year-old man, Nurudeen Aremu, to nine years in jail for drug trafficking in cocaine.

Aremu was charged by the National Drug Law Enforcement Agency (NDLEA) on three counts bordering on conspiracy and drug trafficking.

Aremu was first arraigned on March 7, and he pleaded not guilty. However, on Nov. 14, he opted to change his plea and was subsequently re-arraigned. On his re-arraignment, he admitted guilt.

On Nov. 15, the Prosecution counsel, Mrs Juliana Iroabuchi, tendered nine exhibits which were all admitted.

Justice Onyetenu found Aremu guilty of the offence and sentenced him to four years imprisonment on count one, three years’ imprisonment on count two and two years jail term on count three.

Earlier, the prosecution counsel said that Aremu committed the offences on Dec. 27, 2018.

She said that he was arrested at the Gate C, Departure Hall of the Murtala Mohammed International Airport, Ikeja, during an outward clearance of passengers on board an Ethiopian Airline flight to India.

Iroabuchi said that Aremu concealed 2.66kg of cocaine in a brown travelling bag.

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“I am not owing workers”, Yahaya Bello claims after election victory

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Yahaya Bello

Newly elected Kogi state governor, Yahaya Bello, on Tuesday, rubbished claims that he was owing salaries, stressing that such were “lies.”

Bello said his administration met salary backlog owed workers in the state, but insisted that his administration was not owing workers.

The governor-elect, who said this while featuring on Channels Television, also alleged that thugs of the Peoples Democratic Party, PDP, stabbed a resident after he was declared the winner of Saturday’s election.

Bello also alleged that the wife of his deputy was also shot after he emerged winner of the election.

He said:

“All these reports of me owing salaries are lies. Past governors of Kogi State were owning salaries starting from Audu to my immediate predecessor. Kogi state is not owning any dime at the state level, what is left is the ten percent from the previous government.

“As for El-Rufai kneeling, he was begging that Kogi people should forgive Bello for ensuring security and ensuring the state was peaceful and not because he could not pay salaries.”

 

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FUTA suspends 6 over viral assault video

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FUTA

6 Students of the Federal University Of Technology Akure (FUTA), Ondo State who were involved in assaulting a fellow student have been indefinitely suspended.

The incident which was captured in a viral video showed the victim get beaten up and injured by her attackers in a private hostel.

Confirming the development, the Dean of Students’ Affairs of the University, Prof. Gbenga Onibi disclosed that since the video went viral, the authorities have been working to identify the attackers and achieved success through the cooperation of the students.

“It came as a shock and no one is happy about it, we saw the trending video and we were contacted; since then the university has been working to get all those involved.

“We were lucky enough while working on that and realised that the students were unease because they were not happy at the act. They tried to locate the assaulters; luckily we have been able to identify six of them, even the cameraman that shot the video.”

 

He added that the University has a zero-tolerance for such activities and the students have been immediately suspended.

 

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Court of Appeal upholds Taraba Governor’s election

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Taraba Governor Darius Ishaku

The Court of Appeal has affirmed Mr Darius Ishaku of the People’s Democratic Party (PDP), as the duly elected Governor of Taraba state.

A five-man panel of the court that sat in Abuja led by Justice Chidi Uwa held that the current Taraba governor was duly elected.

The court held that the All Progressive Congress (APC) had no candidate in the March 9, 2019 governorship election in Taraba state, by virtue of the disqualification of Mr Abubakar Danladi, by a Federal High Court in Jalingo on the 6th of March 2019.

 

The Taraba State Governorship Election Petition Tribunal had on the 20th of September 2019, delivered a judgment that Mr Danladi was not qualified to contest the 2019 election.

The appellants failed to prove their claims that the election was marred by irregularities and failure to comply with the electoral act. It dismissed the appeal for lacking merit.

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Archbishop of Canterbury replies SERAP’s letter on Sowore

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Archbishop of Canterbury

The Archbishop of Canterbury, Most Revd Justin Portal Welby has responded to an open letter by Socio-Economic Rights and Accountability Project, (SERAP) concerning the continued detention of Omoyele Sowore and Olawale Bakare

SERAP had urged him to use his good offices and friendship with President Muhammadu Buhari to prevail on him to obey court orders most recently involving activists who had remained in arbitrary detention despite a court order for their release.

This development was disclosed in a statement on Tuesday by SERAP deputy director Kolawole Oluwadare.

Responding on behalf of the Archbishop of Canterbury through an email last night, Dominic Goodall, the Chief Correspondence Officer at the Lambeth Palace, said:

Goodall’s email read in part:

“Thank you for taking the time to share your comments and concerns on this matter, which have been noted. Please be assured that I will communicate your concerns to the Archbishop and his staff team so that they are aware of your concerns. Thank you again for taking the time to write.

“We are very delighted that our letter and the concerns that it raises have caught the attention of the Archbishop. Given his public record for justice and human rights, we have absolutely no doubt that he will prevail on President Buhari to obey not just the court order for the release of Sowore and Bakare but all court orders.

“But it should never have reached this level, as the government ought to have obeyed court orders as a matter of routine”

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“Nigerians deserve Buhari”- Reno Omokri, speaks on Kogi Election

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Reno Omokri

Reno Omokri, a former aide to ex-president to Goodluck Jonathan claims Nigerian deserve the leadership of President Buhari. He also gave reasons why he has been silent on the outcome of the Kogi election.

Omokri took to Twitter on Monday to announce that his silence was as a result of the attitude of Nigerians towards him and the likes of Femi Fani-Kayode and Dino Melaye.

Describing Nigerians as being ungrateful, the former presidential spokesman further announced that henceforth he will stop criticizing President Muhammadu Buhari’s government and concentrate on evangelism.

According to him, Nigerians deserved the Buhari-led government.

Omokri on his Twitter page wrote

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