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MNM2615 Assignment 3 PORTFOLIO Semester 2 2024
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MNM2615 Assignment 3 PORTFOLIO Semester 2 2024 QUESTIONS WITH ANSWERS
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MNM2615 Assignment 3PORTFOLIO Semester 2
2024
QUESTIONS WITH COMPLETE ANSWERS
[School]
[Course title]
, MNM2615 Assignment 3 PORTFOLIO Semester 2 2024
a) Discuss the industries that Africa requires with a view to establishing a business in Africa (5
marks for the theoretical discussion).
b) Provide example on which industry does the chosen SME fall in to and provide two more
industries that the chosen SME contributes in (10 marks for the practical application). (15)
a) Discussion on the Industries Africa Requires for Business Establishment (5 Marks)
Africa is a continent with immense potential for industrial growth and development due to its
abundance of natural resources, growing population, and increasing demand for goods and
services. The industries that are crucial for Africa's economic growth and development include:
1. Agriculture and Agribusiness: Agriculture is the backbone of most African economies,
contributing significantly to GDP and employing a large portion of the population.
However, there is a need for transformation from subsistence farming to agribusiness.
Investments in technology, food processing, and supply chain management can help meet
local and international demand.
2. Renewable Energy: With Africa experiencing energy deficits, renewable energy
industries such as solar, wind, and hydroelectric power have become critical. Establishing
businesses that focus on generating clean, sustainable energy will contribute to solving
the continent's electricity shortages, especially in rural areas.
3. Manufacturing and Industrialization: Manufacturing industries in Africa are essential
for reducing dependence on imports and creating jobs. Africa requires industries that
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