WANT TO INVEST IN FARMING BUSINESS IN AFRICA? HERE ARE FOUR AGRICULTURE BUSINESS IDEAS FOR YOU
By: FS Initiative
No matter what your initial capital is, you can take advantage of these relatively affordable farming business ideas outlined herein.
- VEGETABLE BUSINESS IN AFRICA:It is one of the main activities carried out by farmers. This is because of its high profitability and simplicity depending on what you plant and sell. Usually, what you need is a suitable land to grow your vegetables.
This is a great business opportunity in almost every country in Africa especially, Ghana, Nigeria, Kenya, South Africa, Botswana, Zimbabwe, and Zambia.
In fact, you will appreciate the vegetable business idea when you actually start it. However, before you dedicate yourself to this business, you must have at least some essential knowledge about how to plant, maintain and harvest your vegetables.
There is also a myriad of free information on the internet that will surely guide you, should you run into any difficulty. Forums such as FS Initiative could also be of help directly or indirectly.
- FISH FARMING BUSINESS:Over the years, a good number of entrepreneurs have made money from the fish farming and selling of fish feed business. Food is always in high demand in any country, and that is where you, as an entrepreneur, need to grab the opportunity.Fishing is an excellent agriculture business idea in Africa that most people start with little capital.
According to the Food and Agriculture Organization (FAO) of the United Nations (UN), aquaculture continues to grow faster than other major food production sectors. From 2001 to 2016, fish farming recorded an annual growth rate of 5.8 percent. The official report also hinted that over 59.6 million people are actively engaged in fisheries and aquaculture in 2016 with Asia and Africa leading.
A recent study by the International Food Policy Research Institute (IFPRI) indicates that Ghana’s tilapia farming business has witnessed an increased growth in production. This has led to an improved incomefor the fishing industry and nutritious animal protein for consumers. Even with that, Ghana’s current tilapia consumption is over 1 million tonnes annually with 40% being locally produced and 60% imports.
This creates a tremendous business opportunity for African entrepreneurs. As an entrepreneur who loves aquaculture, you need to know how to start fish farming.More and more people are craving for fish for their protein and are low in cholesterol.
All you need to do is get a space, buy or build reservoirs, buy fingerlings and feed them for 4 to 5 or 6 months. You can sell the fish at a very profitable amount depending on weight and size.
The fish farming business has a lot to do when deciding which species to breed. You can choose to specialize in catfish, tilapia, trout, salmon, etc.
3.RABBIT FARMING BUSINESS:Rabbit farming is another lucrative farming business idea in Africa.As far as I know, no law prohibits the rearing of rabbits in any country. In Africa, a backyard rabbit business serves as a good source of additional income, food, and employment. This reduces poverty, hunger, and idleness.
Rabbits don’t compete with humans for food – they eat leftovers, and herbs. Implementing the rabbit breeding business does not require much capital for investment and maintenance. Since little space is needed, most rabbits could be kept in the yard or abandoned sheds.
- SALE OF FRESH FRUITS:This is similar to that of the vegetable business, but in this case, we will focus on fresh fruits. Here is the tip:
- You need to start with the type of fruit that grows in almost any environment.
- You can also decide to sell the by-products of the fruits. This will allow you to get more out of your fruit business.
For sure, you will have the support of your customers, as more people show interest in totally natural products. However, its price is slightly higher than those made with artificial flavours because it is made of fresh and natural fruits