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

#8 – Shelter


After food, shelter is arguably the next most important necessity in our lives. Shelter in this regard refers to housing accommodation, office space and public buildings. The growing migration of Africans from rural to urban areas is putting a lot of demand on available housing in the cities and towns. Another factor responsible for the shortage of housing accommodation in Africa is its fast growing population. By 2050, the number of people on our continent would have grown to 2.3 billion; this would mean that the current housing problem could worsen in the near future if nothing is done to solve it.

Seeing the huge opportunities and potentials in our continent’s housing problem,entrepreneurs like Nigeria’s Aliko Dangote, who is currently Africa’s richest man, has been making very significant investments in cement production, a very critical material in building construction. Other building and construction materials like wood, glass, aggregates and steel have become hot-selling products. We took a close look at the lucrative potentials of this sector in our article: ‘Building and Construction materials – 9 Hot selling products that can make you money in Africa.’

Individuals, businesses and governments are making huge investments in Africa’s real estate market. Smart entrepreneurs are buying up undeveloped land around major cities in a bid to build their own houses and possibly earn rental income from tenants who need shelter too. Other popular real estate investments are in office spaces and shops for traders.