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Promising investment & business opportunities in africa that are creating wealth and jobs – VIRTUAL EDUCATION

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VIRTUAL EDUCATION… As one of the business opportunities in africa.

There is a trend of ‘academic inflation’ currently happening across Africa.

To compete for limited job opportunities, Africans in the labor market are investing in higher or specialized academic degrees, diplomas, and certifications in order to make their CVS (résumés) more impressive, and boost their chances of employment, promotion, and career progression.

Learning institutions outside Africa are also benefiting from the explosion in demand for higher and specialist education. The top destinations are universities in North America, Europe and Australia. Academic degrees from the US and UK now cost Africans an average of up to $45,000. So many have seen a business opportunities in africa.

Worse still, the overwhelming demand for higher education in Africa has now led to a string of fake universities in Europe and America that are involved in an elaborate multi-million-dollar scam of offering admission for non-accredited courses, degrees, and programs.

While the demand side for quality higher education in Africa has dramatically evolved, the supply side largely remains as it’s been for more than 40 years.

The truth is the traditional business model of sprawling, location-based, and come-to-us-if-you-want-to-learn university campuses can no longer match the current growth and sophistication of demand for higher education on the continent. People want flexible learning options that allow them work, learn, and earn, all at the same time.

Africa’s higher education systems are ripe for disruption and there are already a few interesting entrepreneurs, investors and players leading the charge who see this as business opportunities in africa.

Myeazyschool is a virtual education startup based in Cameroon founded by Mpako Enongene Ivo. Mr. Enongene and his team, introducing an online learning platform has been much more than delivering curriculum content.

Computer and Electrical Engineer. Master’s Degree Student Electrical Engineering University of Buea Physics and Computer Science Teacher MINESEC cameroon. Author Physics Textbooks

myeazyschool platform provides students with unlimited access to subjects in every class from the best teachers. Students can now learn from passionate tutors across countries within Africa and interact with their mates studying the same subjects.
Myeazyschool also provide lecture for some common competitive entrance examinations in some countries. In Cameroon for example, lectures are available for ENAM, ENS, ENGINEERING, MEDICINE, GCE ADVANCE & ORDINARY LEVELS, Just to name a few. They also provide lectures for extracuriculla activities like driving, swimming, cooking, sports, mechanics etc. With more than 20,000 students currently signedup and making use of the platform, myeazyschool is rated the number one Virtual Learning platform in Cameroon.

UNICAF is also a virtual education startup that partners with accredited universities around the world who have seen business opportunities in africa to offer online degrees to underserved markets, with a focus on Africa. Its online platform provides access to affordable higher education to Africans who want flexible learning options, have work obligations, or cannot afford conventional tuition fees.

UNICAF is the leading online platform offering affordable, quality higher education to underserved markets, in collaboration with reputable universities in the UK, US, Europe and Africa.

With more than 16,000 students currently enrolled in its programs, UNICAF recently raised €25 million from investors, comprising investment banking giant Goldman Sachs, Edex, the UK’s CDC Group, and University Ventures. The funds will be used to grow student enrolment to 100,000 over the next 5 years.

The African Virtual University is also another trailblazer disrupting the conventional model of higher education on the continent. In partnership with universities within and outside Africa, the intergovernmental organisation has already trained 43,000 students using its virtual online platforms.

By the year 2040, PwC estimates that Africa will have the world’s largest labour force, ahead of both India and China.

To address the current and future skills shortages in this market, smart entrepreneurs and investors are cornering a potentially lucrative market by focusing on flexible and scalable business models that are cost-effective, yet profitable.

The growth in the virtual education space will be one of the most interesting business opportunities in africa to watch this year.

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Afro Success Stories

African Entrepreneurs creating Jobs and Employment in Their Communities – Olasupo Abideen

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Olasupo Abideen ” My greatest achievement is being a 25yr old employer who employs 35 people and has trained 475 Others” as one of african entrepreneurs.

Meet Olasupo

I am a 25year old one of Nigerian african entrepreneurs, founder/CEO of OPAB Gas with over 6 years of transnational experience leading and working with diverse teams to facilitate youth empowerment, development projects and youth involvement in policy. I am a UNESCO ESD Young Leader, a WEF Global Shaper and a Fellow, Young Africa Leadership Initiative.

Since receiving the $5000 Seed Capital in December 2018, my Company has created employment for thirty-five (35) University undergraduates (through our Work Student and Student Ambassadorship Program), opened ‘four (4) new Gas stores’, and trained ‘four hundred and seventy-five (475) unemployed youth and corps members‘ (through our #Gasprenuer Initiative). As a means of giving back to the community, we have also helped ‘five (5) kids’ return to school through our #StreetToSchool programme for our Community.

My Humble Beginnings

I watched my mother walk long distances to gather firewood and buy coal to cook for my family in my growing up years in my village in south-west Nigeria, where I was raised. It wasn’t peculiar to my mother; this was commonplace for all families. We all knew it wasn’t safe. We knew that if it made them this uncomfortable, there was no way it was safe, but we didn’t know there were alternatives. After all, this is how our grandparents and their parents before them lived.

It bothered me to see my mother’s red eyes, and the wet eyes of other women in our rural community bothered me a lot. Even though I did not know until recently that cooking with firewood is equivalent to smoking 400 cigarettes per hour, and is one of the three causes of mortality among women and children, I knew there had to be something I could do, but I couldn’t figure it out; or better put, I did not have enough education nor access to information to figure it out.

 

My Business Idea

The Idea to start my business came from a need that I identified and solving that problem meant a business opportunity. As a student of chemistry at the University of Ilorin, I was exposed – through volunteering – to MDGs (and subsequently SDGs), and I took a keen interest in clean, renewable energy, that could be used instead of orthodox fuelling options, and one of them was Liquefied Petroleum Gas.

After a long time of advocacy for SDGs, as an undergraduate, my SDGs advocacy and youth development organization, Brain Builders International, signed an agreement with the Kwara State University’s Community Development and Entrepreneurship Centre to train young Nigerians african entrepreneurs on the Sustainable Development Goals, their benefits, and ways toward actualisation.

I noticed that every time I took the 55min trip to Kwara State University to facilitate these training sessions, I would encounter students carrying gas cylinders: either going to fill Gas in Ilorin or coming back from Ilorin after filling Gas. I later learnt that the only cooking gas supplier in the community at that time was exploiting the students by using a manual scale that could be manipulated and also selling at a rip-off price.

 

Solving the Problem

In 2017, I took a soft loan from a friend, added some of my own moneyand after conducting intense market research, filing necessary papers, and satisfying ethical and professional standards, we opened our first OPAB Gas station. The services we offered hinged on three things; convenience, safety, and trust. Students could now focus on academics, as we did not only sell gas at the standard rate, but we also offered pick-up and delivery services. We used safe measures alongside a digital scale to address the issue of trust. Within three months we had broken even.

The TEF Intervention

In 2018, I applied for the Tony Elumelu Foundation Entrepreneurship Programme but was only selected for the GIZ list to be one of the 210 beneficiaries of the training and $5000 funding. The training provided by the foundation on business planning, financial intelligence, scalability, among others could only be likened to a mini MBA.

Immediately after the training myself and my team we started discussing how to dominate the market in which we operate and capture new markets.

With the seed capital, we were able to expand our business.

 

Our Growth and Milestones as one of african entrepreneurs

  • Expansion: We have expanded the business to 6 stations in two townships to target the student populations and made over $25,000 since receiving the seed capital from the foundation.
  • Employment: Staff strength – 2 (in 2017), 35 people (2019).
  • Gas on Wheels: We now own delivery vans and offers delivery services
  • Digitization: We now take orders on the business’ website in both cities where we operate.
  • Introduced Customer Loyalty service
    • Health safety card – to educate users about safety measures.
    • Customer reward: Points reward system.
    • Holiday Promos
  • we also have a few impact initiatives that we run.
  • OPAB Gas has trained 450 Youth Corps members, unemployed youth in Kwara State on the economic merits of the Gas economy and the many opportunities that abound in the sector.
  • In line with the UN SDGs, OPAB student work experience – an internship programme where we train students. During this internship, they work on Sundays for a stipend. They then receive N10,000 for every 1000kg of gas sold.
  • OPAB gas student ambassador scheme – delivery service.

 

The Future

The vision for OPAB Gas has always been to solve energy availability and ease of use for everyone across Nigeria so we are constantly working on ways to reach out to more Nigerians.

Our OPAB telemetry solution will allow people to monitor and manage their gas usage, notify them when it is almost finished, connect them to the nearest gas stations and pay for gas with existing mobile money applications.

 

 

Contact Details

Website: https://opabgas.com

Instagram: @opabgas_

Phone call/WhatsApp: 07068775529.

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