Looking to grow your money without locking it away for years? Short-term investments are perfect for African professionals, entrepreneurs, and savers looking to preserve or grow wealth within a 1–3 year timeframe. Whether you’re saving for school fees, capital for a business, or a personal project, here are 10 of the best short-term investment options to consider across Africa.
1. Mobile Money Savings Platforms
In many African countries, mobile money platforms like M-Pesa (Kenya), MTN MoMo (Ghana, Nigeria, Uganda), and Airtel Money offer high-interest savings products directly from your phone.
- Easily accessible via mobile
- Competitive interest rates
- No need for a traditional bank account
Perfect for those who want simple, flexible savings on the go.
2. Fixed Deposit Accounts at Local Banks
African banks offer fixed deposit accounts that lock your money in for periods ranging from 30 days to 12 months, with guaranteed interest.
- Predictable returns
- Low risk
- Offered by major banks in Nigeria, Kenya, Ghana, South Africa, and others
Tip: Shop around different banks or fintechs to get the highest fixed deposit rate.
3. Treasury Bills and Government Bonds
Many African governments issue short-term debt instruments (like T-Bills) through central banks. These are accessible in Nigeria, Kenya, Ghana, South Africa, and others.
- Low-risk, government-backed returns
- Terms range from 91 to 364 days
- Returns often outpace inflation
Purchase through banks or investment platforms authorized by your country’s central bank.
4. Micro-Investment Apps and Fintech Platforms
Apps like Cowrywise and PiggyVest (Nigeria), Ndovu (Kenya), and Chumz (East Africa) allow users to invest in mutual funds and savings products with small amounts.
- Low entry barriers
- Flexible investment periods
- High interest compared to savings accounts
These platforms make investing accessible to first-timers and low-income earners.
5. Agricultural Crowdfunding and Agri-Investments
Agritech startups like ThriveAgric, FarmCrowdy, and E-Farms allow you to invest in agricultural projects and share in the profits at harvest.
- High short-term ROI potential (3–12 months)
- Supports local farmers and food systems
- Risk-sharing models available
Due diligence is key—stick to verified, regulated platforms.
6. Cooperative Savings and Lending Groups (SACCOs & ROSCAs)
Known by different names (chamas, tontines, ajo, stokvels), these community savings groups allow members to contribute and borrow on rotating terms.
- Trusted, time-tested systems
- Short borrowing cycles
- Often pay out profits at year-end
Great for community-based investing with minimal bureaucracy.
7. Real Estate Flip Projects and Short-Term Rentals
In cities like Lagos, Nairobi, Johannesburg, and Accra, investing in quick property renovations or Airbnb-style rentals can generate returns in under a year.
- Potential for high short-term gain
- Demand for affordable housing is strong
- Leverage through real estate syndicates or joint ventures
Risk: Requires upfront capital and market knowledge.
8. Dollar Savings and Forex Accounts
With many African currencies facing inflation or devaluation, holding funds in USD, EUR, or GBP through domiciliary accounts or fintech wallets (e.g., Chipper Cash, Eversend) is a smart short-term hedge.
- Preserves value against inflation
- Accessible via apps and local banks
- Ideal for saving for imports, tuition, or travel
Ensure the platform is licensed and allows easy conversion.
9. Unit Trusts and Money Market Funds
Available across banks and investment firms in countries like Kenya, Ghana, South Africa, and Nigeria, money market funds are short-term mutual funds that offer higher returns than savings accounts with low risk.
- Professional fund management
- Daily liquidity
- Consistent performance
Check for funds with strong historical returns and low management fees.
10. Informal Trade and Commodity Flipping
Short-term buying and reselling of goods—such as electronics, clothes, or food items—can yield profits within weeks or months.
- High ROI with minimal capital
- Low entry requirements
- Opportunity in local markets, social media, and e-commerce
Best for entrepreneurial minds willing to manage their own hustle.
How to Choose the Right Short-Term Investment in Africa
Before choosing where to put your money, consider:
- Your risk tolerance: Are you comfortable with fluctuations or only want capital protection?
- Liquidity: Will you need to access your funds quickly?
- Your financial goal: Is this for emergency savings, a business, or education?
- Platform safety: Is the platform or product licensed and regulated?
It’s smart to diversify. You might keep some cash in mobile savings, some in a government T-Bill, and test a small amount in a micro-investment platform or short-term hustle.
Final Thoughts
In Africa, short-term investing is about creativity, caution, and adaptability. With the right mix of tools—from fintech to traditional savings and local opportunities—you can grow your money while keeping it flexible. Stay informed, invest wisely, and don’t leave your money idle.
