New businesses are springing up in Africa due to African youths’ strong, indomitable spirit. According to Galway Academy, the entrepreneurship landscape in Africa is one of the best things to look out for in the global market.
The new businesses coming out of Africa are due to the vibrant entrepreneurial landscape of the young demographic responsible for driving innovation and breaking down traditional barriers.
Galway Academy could confirm that certain sectors are outstanding in the number of opportunities they afford entrepreneurs and how they will catalyze economic growth and stimulate enduring social impact for the continent of Africa.
Sectors Where Entrepreneurs Are Starting New Businesses
- Renewable Energy
African entrepreneurs are already looking into the renewable energy sector for new business ideas. They are charting a sustainable path for the future using abundant sunlight and wind the continent is blessed with.
Galway Academy says the benefits offered by these businesses are:
- Solving the chronic energy deficit challenge
- Contributing to a sustainable planet
- Health Tech
The health tech sector is pioneering a healthy and resilient Africa. The sector is carving a new path to improve accessibility, affordability and quality healthcare services. Galway Academy says these startups leverage digital platforms and data-driven approaches to solve problems in Africa.
These challenges include:
- Shortage of healthcare providers
- Remote patient monitoring
- Disease surveillance
- E-commerce
The e-commerce sector has grown over the years due to rapid internet usage and smartphone penetration. More African entrepreneurs are starting new businesses that will shape market dynamics and reshape consumer behaviour.
