LIVING IN IBADAN #NIGERIA – LAND & PROPERTY PRICES IN IBADAN (REAL ESTATE IN IBADAN)
- April 11, 2021
- Real Estate Business
Real estate in #Ibadan is the next thing. The land mass of the…
Characterized by a landscape of new roads and buildings like shopping malls, hotels, and apartments, Uganda is becoming one of the best places to do business in Africa. The country offers various lucrative business opportunities for entrepreneurs.
With $10,000 or less, you can start a very profitable business anywhere in Uganda. With more capital, you can venture into bigger businesses like real estate and property sales and management. Though there are several business opportunities in Uganda, here are the best 10 sectors for investors to explore: Before we continue, permit me welcome you to Positive Africa. Here on this channel, our main goal is to bring out the best about our beloved African continent by means of information and education. Consider subscribing if you are new so you never miss out on any of our videos.
Top 10 Small Business Investment Opportunities in Uganda
1. Food processing
Much of the food consumed in Uganda is imported. And the country spends several millions of dollars annually on food importation alone. This creates huge opportunities for businesses that can produce and process foods locally.
The demand for quality food is increasing with the growing population, especially in the urban areas. If you don’t have a fat capital, you can still start a small food processing business that offers value added processed foods like grains, nuts, cereals, fruits, and vegetables.
Due to the rapidly increasing number of new buildings and structures in Uganda, there is a booming demand for construction products and services. With a capital of less than $1000, you can start a business that makes and sells cement blocks or stabilized earth bricks.
With more than $10,000, you can venture into concrete pipes making or start a business that leases construction machinery such as trucks, asphalt mixers, bulldozers, concrete mixers, and concrete vibrators. If you have capital exceeding $50,000, you can establish a plant that makes concrete slabs, beams, and pillars. Better yet, you can lease even more sophisticated construction machines.
3. Real estate
This is another booming sector in Uganda that investors can explore. With a capital of between $10,000 and $50,000, you can start a real estate business by offering low-cost houses for sale. Selling medium cost houses would require a capital somewhere between $50,000 and $100,000. And for high cost houses such as residential villas, apartment complexes, office complexes, and housing estates, you will require a startup capital about the tune $200,000.
4. Small manufacturing industries
With little capital, you can venture into small scale businesses that manufacture products that are in high demand. With capital between $1000 and $10,000, you can start a sewing or tailoring business that produces clothing for men, women, and children.
You can also start a business that offers printing and typesetting services. With capital between $10,000 and $50,000, you can invest in furniture or soap making businesses. And if your capital exceeds $100,000, you can consider starting a business that manufactures plastic wares.
5. Tourism and hospitality
Uganda is one of the most visited vacation destinations in Africa. Because Uganda plays host to many visitors annually, there are opportunities for investors to make money off these visitors. With around $100,000 or more, you can set up a resort or lodge for tourists.
You can also set up a hotel or motel that gives the visitors a feeling of home even when they are miles away from home. If you have very little capital, you can turn your home or unused space into a bed and breakfast lodge for tourists.
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