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.
2. 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.
3. 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.
4. 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.
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.
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.
6. “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.
7. 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.
8. 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.
9. 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.
10. 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/
11. 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/