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South Africa

Research: Unpacking Nigeria’s agriculture opportunities

by 

Growth in the urban population of Africa can potentially lead to a US$1tn regional market for African producers by 2030. Agriculture and food processing are vital for creating this $1tn industry. Food processing is any intentional change in food occurring before consumption. Changing consumer demographics related to lifestyle changes, urbanisation, and tourism is resulting in an increased demand for convenience and processed foods. However, Africa’s agriculture and agribusiness industry is underperforming, providing opportunities for investors to benefit from this huge market.

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PROFILE: Local boffin impresses Google

BY NAFISA AKABOR

What does it take to be called a Google developer expert? This local software developer has managed to attain that status. Rebecca Franks is Africa’s first female Google "developer expert", which is a term given to a recognised industry leader in certain Google technology who actively contributes to the community. She earned the status after a nine-month process of submitting a very detailed application, along with two rounds of interviews with a fellow "expert", and a "Googler".

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ENTREPRENEUR: Founder of Zenzele Fitness Itumeleng Phake

BY STAFFORD THOMAS

Great entrepreneurial ideas can come out of the blue. For Itumeleng Phake, founder and owner of Zenzele Fitness, his came while working with wealthy clients at RMB Private Bank. "RMB was looking to upgrade its inhouse gym," says Phake. "It got me thinking about the potential of a business that would relieve corporates of the complexities involved in setting up and operating a gym." He had hit on the makings of a thriving venture. "I realised it was a business that could easily be scaled up," he says. "There is also very little competition in the market." He had the idea but not the considerable financial resources needed to turn it into a reality. Equipment for a single gym runs to as much as R3m.

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