Note: The 2019 version of the article happens to be available. Follow this link to learn it.
The most recent Africa riches Report by “” new world “” riches reveals these day there are simply over 160,000 millionaires in Africa.
Interestingly, from 2000 to 2013, how many millionaires regarding the continent expanded by significantly more than 145 %, set alongside the growth that is worldwide of 73 per cent.
In the past few years, the majority of the ‘new millionaires’ have now been young business owners and investors that have created guaranteeing companies and committed to lucrative sectors of Africa’s fast-growing economies.
In 2010, more millionaires that are new join the club.
In this specific article, I’ll reveal to you the business that is top in Africa that may make more millionaires in 2016.
1) Solar Powered Energy
Picture credit: africanbusinessmagazine.com
Solar power is just one of Africa’s many abundant resources that are natural. Many components of sub-Saharan Africa enjoy significantly more than 300 times of free God-given sunlight every 12 months.
Nevertheless, over 600 million people in the continent, particularly in rural areas, don’t get access to electricity that is reliable. Generally in most towns and towns, energy outages will be the norm and individuals frequently have to count on loud petrol and diesel power generators.
Solar technology is free, definitely neat and numerous. Plus it supplies the alternative that is best for folks in remote areas of Africa who will be away from reach of electricity grids.
Interestingly, some entrepreneurs that are smart increasing to your challenge of smoking cigarettes Africa through solar power, and tend to be very possible to join the millionaires club in 2016.
I’ll share a couple of examples that are interesting…
A solar energy provider in Tanzania recently raised $25 million from international investors and won a $5 million grant from USAID off Grid Electric.Read More »11 online business offerings in Africa That Will Make More Millionaires in 2016