Africa has become home to new Business Ideas

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Africa has become home to new business ideas, innovations and profitable investments. There is a huge demand for many services and products and individual investors, entrepreneurs are benefiting from franchise business especially due to the ability of franchising model that demonstrates stability in economic uncertainties.

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Africa has become home to new Business Ideas

  1. 1. Franchises have recorded a high rate of resilience against wilting during economic downturns in the past years. Franchise sector has been on upbeat and demonstrated ability to survive harsh economic slowdowns.
  2. 2. In Africa, many small businesses, franchises in particular have sustained and demonstrated unhindered performances during economic lows. They have also acted as effective employment generators across Africa.
  3. 3. South Africa, especially, has shown a tremendous increase in the number of new franchise businesses and is expected to grow substantially during 2013- 14. In South Africa alone, Franchise sector has contributed 11.8% towards economy over two years during 2008-10.
  4. 4. “THE LOCAL FRANCHISE INDUSTRY IS GROWING AT A PROGRESSIVE RATE AND, ACCORDING TO FRANCHISE SOUTH AFRICA; THE COUNTRY HAS MORE THAN 400 FRANCHISE SYSTEMS AND ABOUT 23,000 FRANCHISE OUTLETS.” - SAID JEREMY LANG, REGIONAL GM AT BUSINESS PARTNERS. Undoubtedly Franchising is gaining popularity but of course not just in the developed nations. Big brands have seeped into markets of most of the Sub Saharan Africa as well, creating new generation of entrepreneurs. Brands such as Mc Donald’s, IIHT Technologies, Fish and Chip Co and House of Paint are but a few of the examples of many franchising businesses that have entered markets across economies on Africa.
  5. 5. “THE LOCAL FRANCHISE INDUSTRY IS GROWING AT A PROGRESSIVE RATE AND, ACCORDING TO FRANCHISE SOUTH AFRICA; THE COUNTRY HAS MORE THAN 400 FRANCHISE SYSTEMS AND ABOUT 23,000 FRANCHISE OUTLETS.” - SAID JEREMY LANG, REGIONAL GM AT BUSINESS PARTNERS. There are many franchise expos across Africa capturing global attention. The plethora of franchise interest by investors is no new news for the common man of Africa. There are regulating bodies in many nations including South Africa, Egypt and Kenya that are ensuring effective Franchising eliminating the possibilities of fraudsters taking advantage of their respective countrymen.
  6. 6. The franchise opportunities in Africa are overwhelming and are growing by the day. Many Small and Medium Entrepreneurs (SMEs) are setting examples with their successfully run franchises. IIHT Technologies entered Africa 6 years ago and set its first franchise in Nigeria. It is now successfully operating franchises in Angola, Benin, Cameroon, D R Congo, Ghana, Ivory Coast, Liberia, Mozambique, Nigeria, Togo and Zimbabwe.
  7. 7. It caters to the IT education need of the Students and IT professionals by offering skill based education and training in latest technologies. Its state of the art infrastructure has enabled effective learning and internalization process. Education and training has high demand all over Africa as individual nations are investing highly on ICT development and improving technologies. Companies such as Google, Microsoft, IBM, Sony and many fortune 500s entering the market, need for individuals with IT training is projected to be very high.
  8. 8. Africa has become home to new business ideas, innovations and profitable investments. There is a huge demand for many services and products and individual investors, entrepreneurs are benefiting from franchise business especially due to the ability of franchising model that demonstrates stability in economic uncertainties.
  9. 9. IIHT Technologies has many successful business partners not only due to its proficiency in operations but also because there is huge need for bridging the skill gaps in all nations alike. IIHT Technologies seek for business partners from across African continent. Email us at franchise@iihttechnologies.com with queries or visit http://www.iihttechnologies.com/
  10. 10. Corporate Headquarters #15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com web: www.iihttechnologies.com/

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