Africa is a diverse continent with a wide range of cultures and ways of life. There is no universal way of looking at things across the continent. In this article, we will be looking for different ways to make money with African Lifestyle and giving you some advice to make it easier for you to afford expenses.
Through Agriculture
Agriculture is a pillar of sustainable development in many African countries. More than 70% of all Africans rely on this sector for their livelihood, making it crucial to all of their economies.
It plays an important role in distributing food, creating jobs, and providing the fuel for transportation. The importance of agriculture to African economies makes it a key priority for the continent and its people to make money within Africa. According to worldbank.org, the agricultural sector of Sub-Saharan Africa (SSA) is one of the largest contributors to the country’s GDP, accounting for 18.5% in 2020.
Through Music and Fashion
Fashion trends in Africa are constantly changing. With the advancement of technology and fashion trends, people across the globe are following these trends. In this light, it is not surprising that fashion brands take inspiration from African culture. You can easily make money from Africa’s fashion and showcase it to the outer world through Africa’s diverse culture.
Most African countries derive their primary income from the music industry. With the rise of celebrity culture, African brands often have a global reach. African celebrities have been at the top of the fashion world for now.
Through Infrastructure
Infrastructure is a fundamental part of the African lifestyle. Without it, their economic success will be difficult. The continent’s infrastructure has been heavily impacted by the political unrest in Africa, especially in Angola and Nigeria.
Infrastructure makes it easier to send money and goods to Africa so that they can survive even though countries are experiencing political unrest due to corruption and war.
Through ICT
Information and Communication Technology (ICT) is also a major driver of the economy in Africa. It has become an indispensable part of every African’s daily life, and it is a key determinate for the economic growth of countries on the continent.
As the ICT industry continues to expand, they should also ensure that their kids don’t grow up thinking that they have to be good at technology. They should ensure that they are good at something other than technology.
Through Tourism
The tourism industry is growing rapidly in Africa. According to Africanews, it accounts for 8.5% of GDP and employs over 2% of the workforce through hotels, travel agencies, airlines, and restaurants. The trip to Africa is about more than just a vacation. It’s about learning about the culture and history of a nation, getting to know its people, and in return, creating memories that will last a lifetime.
Conclusion
In this article, we looked at making money through the African lifestyle. We have put together valuable information that includes everything you need to know to do so. By looking at the progress of African countries, experts estimated by African Union Development Agency that by the year 2065, only 1.7% of African countries will be living in extreme poverty.
