Why Entrepreneurship in Africa is Surging

Entrepreneurship in Africa is on an exponential upsurge. The vibrant entrepreneurial landscape is being propelled by several factors: a young demographic driving innovation, increased access to technology breaking down traditional barriers and an indomitable spirit refusing to settle for the status quo.

As we examine the landscape, certain strategic sectors stand out as burgeoning opportunities for astute entrepreneurs ready to leave their mark, catalyze economic growth and stimulate lasting social impact.

Financial technology (Fintech) is reshaping the African banking landscape

The Fintech sector in Africa has been a hotbed of innovation, thriving against all odds. World Bank data reveals that approximately 66% of Sub-Saharan Africa’s adult population remains unbanked. This gap presents a unique challenge and an equally distinctive opportunity.

Fintech startups leverage cutting-edge technology to bridge this financial chasm, offering innovative digital solutions that redefine the traditional banking experience. For entrepreneurs, the fintech sector offers an immensely lucrative venture due to its scalability potential. More importantly, it paves the way for financial inclusion — a key determinant in driving economic development and stability.

Related: The Future Of Fintech May Well Be In Africa

Agribusiness: The cornerstone of Africa’s economic prosperity

Africa’s agribusiness potential is vast and significantly untapped as a predominantly agrarian continent. Agri-entrepreneurs are channeling this potential and innovating to tackle challenges head-on — these range from agricultural productivity to supply chain management and to market access. The agribusiness sector has evolved into a lucrative domain for entrepreneurs. The industry offers a cornucopia of opportunities for creating sustainable solutions that address food security concerns while yielding considerable…