Home > Business, Zimbabwe > Business Opportunities: Carpe Diem #1

Business Opportunities: Carpe Diem #1

 This is the first of my Carpe Diem Posts in which I will be looking at various opportunities. This is just a little bit of information to get you started. Don’t forget to give your idea a work out and do your homework before you go too far and take the necessary steps to start strong.. Watch this space for more information on other industries.

Opportunities for business are everywhere. In a country where every sector has experienced a major hit, there is definitely room for new entrants. In Zimbabwe there is a saying that goes, ‘Mari yako chete’ meaning your money is your only obstacle. This is true in general. There aren’t too many barriers to entry because there is very little production of any kind going on in Zimbabwe.

Communications and Computing

The African cell phone industry is the fastest growing market in the world. Wider access to internet, broadband, ADSL and 3G access is required in Zimbabwe. There is a need to increase capacity and service provision. Whether it is land lines, cell phones, internet, computers, all these and associated goods and services are areas of opportunity.  In South Africa internet browsers increased by 121% in two years. The numbers are encouraging if South Africa and the rest of Africa is anything to go by.

Mining

Zimbabwe is rich in mineral resources, Chrome, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum and recently a larger deposit of diamonds have been found. This is a highly specialized industry and again the investment required is large. This industry is highly regulated, commodity prices are regulated and various licenses are required to start mining.

ConstructionThis industry has been stagnant during the downturn. Numerous projects have been going on for years. Roads, buildings, houses have been under construction for decades. The money has not been there. 2010 has seen a few of these projects completed, so it looks like there is light at the end of the construction tunnel.

Transport business.

This includes trucking, passenger transport and freight. Transport is always on demand that is one thing for sure. The major drawback can be high start-up cost and maintenance costs. This is a very hands on business and requires good management to keep the profits coming in over a long period of time. I can think of the likes of Express Motorways, Chitanda Buses, Chigumba Buses, Msabaika Buses all, here today gone tomorrow. If managed well, transport is good business.

Agriculture

At the moment, the agriculture industry is almost nonexistent yet it is the back bone of the country. About half of the country’s industries are dependent on agriculture for the supply of raw materials. There are some issues in the industry as widely known and reported internationally. Erratic rains and lack of resources have also help put the industry firmly on its knees. Opportunities exist for small and large-scale farming as the country needs food security. I’d say you need to be passionate about farming and have some money to invest.

 Mining

Zimbabwe is rich in mineral resources, Chrome, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum and recently a larger deposit of diamonds have been found. This is a highly specialized industry and again the investment required is large. This industry is highly regulated, commodity prices are regulated and various licenses are required to start mining.

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Categories: Business, Zimbabwe

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