Want To Make Money In Africa? Start By Solving Any Of These 8 Serious Problems

#4 – Education

The standard of education in many parts of our continent has deteriorated very badly. Poor access to quality education at all levels – from basic primary education to university – is another serious and nagging problem across Africa. The poor quality of government education and low investment in the education sector has put it in a state of crisis in many African countries. Because many Africans understand that education is one of the few bridges out of poverty, millions of poor families on the continent are desperate to find good schools for their children. However, the existing schools and training facilities are both unaffordable for many people and not even enough to cater to the needs of Africa’s large and rapidly growing population.

To solve the problem of inadequate opportunities for affordable quality education, some entrepreneurs on our continent have come up with interesting solutions. Omega Schools, based in Ghana, is a chain of low-cost private schools that offers basic primary education to children in poor families for an incredibly low and affordable fee (less than $1 a day per student). Bridge International Schools in Kenya uses a similar low-cost model to provide affordable education to thousands of children in East Africa for less than $5 per month per student. Before these amazing businesses started, it was thought impossible to educate poor people at a profit.

Our recent article, ‘The business of Education in Africa – 7 lucrative opportunities you can exploit in this  huge and growing market’ looks at some of the interesting opportunities that can be exploited by smart entrepreneurs in Africa’s education sector.