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MNM2615 Assignment 3 PORTFOLIO Semester 2 2024
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MNM2615 Assignment 3PORTFOLIO 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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