[Company name]
MNM2615
Assignment 3
PORTFOLIO
Semester 2 2024
QUESTIONS WITH DETAILED ANSWERS
, 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) Industries Africa Requires for Business Establishment (Theoretical Discussion)
Africa has a wide range of industries that are crucial for its economic growth and
development. Some of the key industries include:
1. Agriculture and Agro-processing: Agriculture remains a backbone for many
African economies, providing employment for a large percentage of the
population. Investment in agro-processing can boost value addition to raw
products, reduce food imports, and stimulate rural economies.
2. Manufacturing: Africa’s industrialization agenda highlights the need for
manufacturing industries. Establishing manufacturing units can reduce the
reliance on imported goods and promote the continent’s self-sufficiency. This
includes textile, automobile, and electronics manufacturing.
3. Energy and Utilities: With growing demand for energy, Africa requires investment
in renewable energy (solar, wind, hydropower), as well as utilities like water and
waste management systems. The energy industry is key to powering other
sectors of the economy.
4. Technology and Telecommunications: The technology sector is rapidly growing,
particularly in mobile telecommunications, fintech, and e-commerce. Investment
MNM2615
Assignment 3
PORTFOLIO
Semester 2 2024
QUESTIONS WITH DETAILED ANSWERS
, 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) Industries Africa Requires for Business Establishment (Theoretical Discussion)
Africa has a wide range of industries that are crucial for its economic growth and
development. Some of the key industries include:
1. Agriculture and Agro-processing: Agriculture remains a backbone for many
African economies, providing employment for a large percentage of the
population. Investment in agro-processing can boost value addition to raw
products, reduce food imports, and stimulate rural economies.
2. Manufacturing: Africa’s industrialization agenda highlights the need for
manufacturing industries. Establishing manufacturing units can reduce the
reliance on imported goods and promote the continent’s self-sufficiency. This
includes textile, automobile, and electronics manufacturing.
3. Energy and Utilities: With growing demand for energy, Africa requires investment
in renewable energy (solar, wind, hydropower), as well as utilities like water and
waste management systems. The energy industry is key to powering other
sectors of the economy.
4. Technology and Telecommunications: The technology sector is rapidly growing,
particularly in mobile telecommunications, fintech, and e-commerce. Investment
