Profit-making idea: Efficient, affordable and well-stocked hardware store chain in Kenya

Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Read our previous posts here.

How we made it in Africa asked Adam Grunewald, co-founder and CEO of Lynk, a Kenyan marketplace transforming the informal economy, to identify one untapped business opportunity in Africa. Here was his response.

“Looking at our industry and the massive construction sector in Kenya, I think there is a lot of opportunity around building an efficient, affordable, and well-stocked hardware store.

“Similar to the evolution from small groceries or mama mbogas to supermarkets, I think it’s time for something similar to happen when it comes to building materials, tools, and other hardware.

“This is a sector that has a lot of inefficiencies in its supply chain and is a frustrating buying experience. Compound that with growing demand and you have what looks to be a great opportunity.”