* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Africa’s Booming Markets: The 10 Fastest Growing Industries in 2023

August 11, 2023
in Business
Africa’s Booming Markets: The 10 Fastest Growing Industries in 2023
Share on FacebookShare on Twitter

In recent years, numerous industries have showcased a diverse range of booming markets that are capturing the attention of investors and putting Africa at the forefront of global economic expansion.

These advancements can be attributed to a combination of factors, including favourable demographics, technological advancements, increasing urbanization, and a growing middle class.

While this is impressive for the African continent, it is pertinent to introduce you to some of the industries that have emerged as key drivers of this economic surge.

Join us as we explore some of the fastest-growing industries in Africa in 2023, shedding light on the sectors that are not only transforming the continent’s economic trajectory but also contributing to its global relevance. 

Fintech

The fintech industry in Africa is booming, thanks to the continent’s high mobile phone penetration and growing internet access. This is because Fintech startups in Africa are developing innovative solutions to address the financial needs of the unbanked and underbanked population. 

A recent annual ranking of Africa’s fastest-growing companies named 9 fintech companies including Moniepoint, Paga, Scbank, 4G Capital, and Sankore, as some of the companies that recorded a fast growth rate.

Africa’s fintech industry will continue to bloom as the continent continually takes steps to ensure wider financial inclusion.

Renewable energy

This industry has recorded rapid growth in recent times with companies like Altech (Congo), Daystar Power(Mauritius), Easy Solar (Sierra Leone), Karmsolar (Egypt) and Herholdt’d Group (South Africa) recording remarkable growth rates.

Africa’s investment in renewable energy projects has created several opportunities for businesses that can provide renewable energy solutions to African countries.

Healthcare

It is no longer news that Africa grapples with several major health challenges, such as HIV/AIDS, malaria, and tuberculosis. This challenge has however created several opportunities for businesses.

Companies like Globe Medex (Egypt), Africa Healthcare Network (Kenya), and Hearx and Vertice Medtech(South Africa), recorded significant growth rates as stated in the report.

Oil and Gas

According to reports, Africa houses 1/6th of the top oil-producing countries in the world and contributed around 9.6 % to the world’s output in 2019. 

The African oil and gas industry has recorded significant growth as countries like Nigeria and Angola have with their large oil reserves attracted investors. 

Agriculture

Africa’s Agriculture industry has transitioned into a powerful one with renewed capacity for innovation, data analytics, use of artificial intelligence, and machine learning for field tracking. 

This comes as companies like Achill and Silverlands Vineyards (Namibia), Zamseeds (Zambia), and TGI Africa (Nigeria) amongst others have changed the face of agriculture and recorded significant growth rates.

Logistics and transportation

As people continue to settle in popular urban areas, Africa’s logistics and transportation sector will continue to grow. This is because logistics make up more than 70% of a product price in Africa, as compared to less than 6% in the United States.

A closer look at the report revealed that Nigerian companies like Neveah and Kawai Technologies we’re some of the fastest-growing companies in Africa’s logistics and transportation sector. 

Tourism

Africa is home to stunning natural scenery, rich cultural heritage, and friendly people. This is why the tourism industry is one of the fastest-growing industries. 

A report on African countries with international tourism receipts listed Egypt, Morocco, and South Africa as African countries with the highest international tourism receipts.

Education

The African continent is facing a major skills gap, as its population grows and the demand for skilled workers increases. This gap has created opportunities for businesses and made the industry one of the fastest-growing industries with companies like Cira Education in Egypt taking the lead.

Technology

With several startups developing innovative solutions to address the challenges facing the continent, Africa has become a hotbed of technological innovation.

Reports say African tech startups raised $5.2 billion in 2021, three times more than the previous year. This indicates the growing interest and investment in the African start-up ecosystem.

Another indication of the growth of this sector is how Silicon Valley investors, as well as those in Asia and Europe, have become overly interested in the potential of the African start-up scene, particularly in the tech hubs of Lagos, Cape Town, Johannesburg, Nairobi, and Cairo. 

E-commerce

The E-commerce market has also experienced remarkable growth in the last few years, with projections that it will reach a value of $75 billion by 2025. The report also revealed that African companies like Wasoko, Chari, and Copia recorded remarkable growth rates in the year under review.  

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/2023/08/11/africas-booming-markets-the-10-fastest-growing-industries/

Tags: Africa’sBoomingbusiness
Previous Post

Top 10 Richest Female Footballers in Nigeria, 2023

Next Post

7 Pros and Cons of Relocating to Austria From Nigeria

My standoff with the Bay Area’s most intimidating new sandwich – Yahoo

My Standoff with the Bay Area’s Most Intimidating New Sandwich

October 16, 2025
A Nobel Prize for explaining when technology leads to growth – NPR

Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

October 16, 2025
Sports/Rec calendar: Oct. 17–26, 2025 – Cascadia Daily News

Don’t Miss These Thrilling Sports and Recreation Events Happening October 17-26, 2025!

October 16, 2025
Task Force Urges World Bank and International Monetary Fund to Prioritize Climate, Restructure Lending Policies – Inside Climate News

Task Force Urges World Bank and IMF to Prioritize Climate Action and Overhaul Lending Policies

October 16, 2025
Opinion: California’s two-tier economy mirrors UK’s ‘Upstairs, Downstairs’ past – Times of San Diego

How California’s Two-Tier Economy Echoes the UK’s ‘Upstairs, Downstairs’ Divide

October 16, 2025
This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

This Haunting ’60s Country Song Will Break Your Heart All Over Again

October 16, 2025
Iron County nonprofit connects public to health experts – Upper Michigan’s Source

Iron County Nonprofit Connects Community with Health Experts to Improve Well-Being

October 16, 2025
Hear arguments in Supreme Court case that could undercut Voting Rights Act – CNN

Supreme Court Hears Crucial Arguments That Could Weaken the Voting Rights Act

October 16, 2025
Using nature to help tackle mental health issues – Inside Ecology

Using nature to help tackle mental health issues – Inside Ecology

October 15, 2025
Get Inspired at the Bay Area Science Festival on Saturday, October 25 – marinmommies.com

Get Inspired at the Bay Area Science Festival on Saturday, October 25 – marinmommies.com

October 15, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (869)
  • Economy (891)
  • Entertainment (21,763)
  • General (17,623)
  • Health (9,933)
  • Lifestyle (904)
  • News (22,149)
  • People (891)
  • Politics (901)
  • Science (16,101)
  • Sports (21,391)
  • Technology (15,871)
  • World (874)

Recent News

My standoff with the Bay Area’s most intimidating new sandwich – Yahoo

My Standoff with the Bay Area’s Most Intimidating New Sandwich

October 16, 2025
A Nobel Prize for explaining when technology leads to growth – NPR

Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

October 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version