I love any business that has to do with agriculture. As I have always said, since people must eat, anyone who is involved in the provision of food related products will always be in business. Also , most agricultural businesses are not capital-intensive and they have an available market.
Moreover, Africa is a developing continent and most agricultural businesses can be started in a small-scale and do not require the use of sophisticated equipment.
The following livestock businesses are among the most profitable animal farming you can go into.
1. Poultry farming – This is the most common livestock farming in Africa and it has empowered a lot of people financially, both in rural and urban areas.
The numerous business opportunities in poultry farming which includes the rearing of broiler for meat, raising layers for eggs, setting up a hatchery, production of poultry feed mill and many others, makes poultry farming very profitable.
2. Goat rearing – Goat meat is loved by many people in Africa due to its unique taste. Goat rearing is a good aspect of livestock farming with high prospect of income generation. This can be done in small or large-scale. In rural areas, most families keep goats in their backyards. However, you can move above the subsistence level by setting up a larger goat farm.
3. Fish farming – This is another great livestock farming with an available market, low startup cost and high prospect of income. Catfish farming is the most common fish farming in Africa. You can start this business in a small-scale by setting up your own fish pond using a 1000 litres open plastic container.
4. Cattle rearing – Cattle are kept for meat and milk. This is a very lucrative business as cattle provide the majority of meat eaten in Africa.
In Nigeria cattle rearing is mainly done by nomadic farmers who go from place to place with their cattle in search of pastures.
However, cattle rearing is best done in a ranch as practiced in Europe, America and other continents, as it helps the cattle to grow better, reduce stress on the farmers and the cattle, provides more security for the cattle and averts conflicts associated with cattle destroying people’s farmlands by grazing on crops.
5. Pig farming – Pig farming is profitable. If you doubt this you can read the story of Anna Phosa, who became one of Africa’s largest pig farmers by starting her pig farm with just 4 piglets. Today, her pig farm has about 30 staff and supplies over 100 pigs weekly to buyers.
The good thing about pigs is that they give birth to many piglets and pork is loved by many Africans .
6. Snail rearing – This is not a popular livestock farming because few people are into it. This gives the business very little or no competition for you.
Snails are expensive and scarce in our local markets and hotels.
However, people buy nails regardless of how expensive it is because of its high nutritional value.
7. Dog breeding – Dog meat is cherished by several people, especially in Southern Nigeria. However, most people do not keep dogs for meat. Dogs are mainly kept as pets and for security reasons.
When I bought a security dog recently, I was amazed as to the high cost of dogs, especially the foreign species like the German shepherd, Rottweiler, Bull Mastiff, Pit bull etc.
You can go into dog breeding and sales. This is a very lucrative business. You just breed the dogs and sell the puppies and keep some of them to be sold as adults.
8. Honeybees farming – Honey is expensive in most African countries because few people are involved in honey bees farming. This is a business you can consider as there is very little competition in this business. However, you need to get trained before you can begin.
9. Rabbits & grass cutter farming – This is another business with little competition. Rabbits and grass cutter meat is cherished by many people. You can sell your grass cutters and rabbits to restaurants and hotels and directly to consumers.
10. Sheep Farming – Just like goat rearing, sheep farming is a lucrative livestock business as it provides a good income to the farmer by sales of the animals for meat or sales of wool which is used by textile industries.
The above livestock farming are among the top most lucrative in Africa. You can sell your animal produce at local markets to consumers, retailers and distributors . You can meet the management of hotels and restaurants and offer to be their supplier. You can try any of the businesses in small-scale and before launching into it in a larger scale.
You will also find the following articles very useful:
- 50 Top Business Ideas For Students In Universities, Polytechnics and Colleges In Nigeria.
- 30 Lucrative Businesses You Can Start With 100,000 Naira or Less in Nigeria.
- 35 Most Profitable Businesses In Nigeria With High Demand.
How do I raise the capital to start a business ?
Have you done any of the above businesses or are you considering to start any other them? Let me have your thoughts using the comment section below.