When it comes to 21st century business focusing on providing a solution to a large set of people has proved to pay the most, As Africans are not left out especially with the event of technology

Here are 7 great companies that are taking the Africa business world by storm.

Konga

For facilitating e-commerce in Africa. Having raised around $100 million in investment since it launched in 2012, Konga has the potential to become an African e-commerce behemoth. But that’s not exactly what founder Sim Shagaya has in mind. “We don’t want to be Goliath,” he says. “We think the future in Africa belongs to a small army of Davids.” Konga, in other words, doesn’t want to be another e-commerce company, but enable other businesses to do e-commerce. Since opening up Konga Marketplace to small- and medium-size businesses via its SellerHQ marketplace in 2014, more than 10,000 traders have registered on the site. Konga, whose revenue grew 450% from 2013 to 2014, also launched its private logistics company KExpress last year, after its third-party courier partners were unable to cope with the thousands of daily orders the site generated

Eneza Education

For providing kids in rural Africa with a virtual tutor. The Kenyan startup, cofounded by two former members of Nairobi’s iHub community, creates educational content that kids in low-income rural areas can access on low-end cell phones. Through its “virtual classroom,” students between the ages of 11 and 18 can study subjects including math, science, and English, and take any of its 2,000 quizzes and more than 16,000 questions, with the option of a mini lesson if they score below 50%—all for the equivalent of 50 U.S. cents a month. They can also search Wikipedia by sending a text message, or ask teachers questions and receive a response within an hour. Teachers can also assign homework through the platform and receive reports on student performance. By the end of 2014, Eneza had more than 375,000 users across Kenya, up from 143,000 the previous year, including in northeastern Kenya, one of the poorest parts of the country. It hopes to reach more than 1 million students in rural Africa this year, and 50 million in the next five years in at least 10 different African countries

iROKOtv

For changing the economics of Nollywood. As one of the first African video-on-demand companies to stream Nigerian Nollywood movies legally, iROKOtv has shown investors the potential of an industry that accounts for around 1.4% of GDP in Africa’s biggest economy. The company, which has raised $25 million in venture capital investment, purchases the licenses to Nollywood movies and generates revenue through advertising and subscriptions. With more than 10,000 hours of Nollywood content, it claims to be “the world’s largest online catalogue of African broadcast entertainment.” But iROKOtv isn’t just popular with Africans: Only 11% of its subscribers are in Africa, and it has subscribers in 172 countries. Last year, iROKOtv began widening its appeal further by introducing Hollywood and Bollywood movies, telenovelas, and Korean soaps onto its platform—moves that, in fact, are geared toward increasing its subscription base in Africa, where people love international entertainment.

Leti Arts

For redefining entertainment in Africa. As one of the few interactive media studios in sub-Saharan Africa, Ghana’s Leti Arts is delivering entertainment content in largely unexplored genres. The startup, which received seed funding from the Meltwater Entrepreneurial School of Technology (see No. 6 on this list), develops mobile games and digital comics influenced by African history and folklore. In its flagship Africa’s Legends series, historical legends such as Ananse from Ghana, Wuzu the Masai, and Shaka from South Africa team up with fictional superheroes to battle crime, corruption, and dictatorship in Africa.


Meltwater Entrepreneurial School of Technology

For training and investing in entrepreneurs. Described by tech blogger and Ushahidi cofounder Erik Hersman as a “finishing school for tech startups,” MEST trains future entrepreneurs from Ghana and Nigeria by putting them through a two-year program that blends an MBA-style education with training in software development. Founded by Norwegian software entrepreneur Jørn Lyseggen, the school also invests in the best business ideas and teams that emerge from the training program, providing developers with $50,000 to $250,000 in seed funding for their businesses




What’s the Point?

One of the biggest excuses young people give for not starting a business is, “I don’t have an idea yet.”

They’re just sitting back and waiting for that big idea. You know, that one-in-a-million idea. They think it’ll fall out of the sky and into their lap when they least expect it. And that’s when they’ll get started.

If you want to be successful, just start selling something, anything. Figure out what people are buying and sell it to them. Michael started his journey by selling Pokémon cards to his schoolmates as an 8-year-old.

What you’re selling will likely change over time, but the principles will stay the same.

Do you know of other companies that should be listed here? please use the comment section.
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