Investment in Africa

Africa has remained a continent with abundant natural and human resources that has not been tapped. These resources are waiting for investors within and outside the continent to tap in and reap the dividends. The various sectors that require investors are listed but not limited below:

Agriculture. This sector remains untapped despite various attempts by many administrations to develop it. The continent has enough arable land to grow agricultural products. The land is so fertile with enough Sun shine and rain fall. And with a moderate investment, there is guarantee of profit and return on investment. Some of the areas to invest on agriculture are cropping and animal husbandry. The areas in cropping to invest on are but not limited to are…cash cropping (palm plantation, palm oil production, palm kernel, cocoa, rubber, groundnut, etc), food cropping (yam production, cassava production and processing, rice production, beans etc), Animal husbandry (poultry, piggery, fishery, snail, honey production etc). To invest in cash cropping such as palm or coca production therefore, West African sub-regions countries should be considered such as Nigeria, Togo, Benin Republic, Cameroon. The region of these countries should be Southern parts. These areas have good weather conditions for these crops.

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Mining. The continent has great deposit of solid, liquid and gaseous minerals in her soil that still require investment. Though this sector has enjoyed great exploration by various administrations, but still remained unexplored. And many of these deposits are discovered every year. Some of the minerals are but not limited to: Gold, Silver, Coal, Tin, Limestone, Iron ore, Zinc, Crude oil, Natural gas etc. These following countries have these mineral deposits: Nigeria (crude oil, iron ore, limestone, coal, tin etc) Ghana (gold, crude oil etc) South Africa (aluminum, tin, coal etc). These minerals deposit are in abundance, and requires exploration.

Energy. The continent is so blessed with all year round Sun shine, many bodies of water, wind and so. These natural recourse can be enhanced to generate electricity. Many African countries do not enough electricity to drive their industries. The following countries need electricity, Nigeria, Togo, Equatorial Ginie, Republic of Benin etc. fortunately these countries have enough all round Sun shine, natural gas, and petroleum. These can be used to generate renewable electricity using solar panels and its components or gas turbine or petroleum generator.

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Production. The continent depends so much on imported goods from Europe, Asia, America etc. Production plants can be established there close to sources of raw materials. And with her abundance human resources, cost of labor will be cheap. In this way, finished goods can be exported to other continents to make great wealth. It is always important to locate any industry to the source of raw materials as this will reduce the cost of production. These raw materials from agriculture, mining, petroleum industries are exported to other continents, hence increase the cost of production and the cost of products. With available human resources, there the cost of labor will be low.

It is time for investors to go bak to Africa and tap into her abundant resources.

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by Okwuegbunam Francis E.