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MNM2615 Assignment 3 PORTFOLIO Semester 2 2024

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MNM2615 Assignment 3 PORTFOLIO Semester 2 2024 QUESTIONS AND ANSWERS

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  • September 21, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
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MNM2615 Assignment 3
PORTFOLIO Semester 2
2024




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, 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) Theoretical Discussion: Industries Africa Requires

Africa is a rapidly growing continent with a need for industries that can support its

development and economic growth. Key industries essential for the future of business in

Africa include:

1. Agriculture and Agribusiness: Africa has vast arable land, and the agriculture

sector presents significant opportunities, not only for local food security but also

for exports. Agribusiness, such as food processing and value addition, has

potential for high growth.

2. Energy and Renewable Resources: Africa has abundant resources for both

fossil fuel-based and renewable energy production, such as solar, wind, and

hydropower. Expanding energy infrastructure is crucial to support industrial

growth and urbanization.

3. Technology and Telecommunications: With an increasing population of young

people and a growing middle class, Africa's digital economy is thriving. There are

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