MNM2615 Assignment 3
PORTFOLIO Semester 2
2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, 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 for Business
Establishment (5 Marks)
Africa, as a developing continent, has immense potential in several key
industries that are essential for its socio-economic growth. These industries
not only address critical challenges but also provide opportunities for
sustainable business development:
1. Agriculture and Agribusiness: Africa has vast arable land, yet
many countries still rely on food imports. Investments in modern
agricultural techniques, processing, and value chains are essential for
food security and job creation. Agribusiness offers lucrative
opportunities, especially in producing, processing, and exporting
agricultural goods.
2. Renewable Energy: With a growing demand for electricity and a
large portion of the population without access to power, renewable
energy sources like solar, wind, and hydroelectric power are critical.
Investing in green energy can reduce reliance on fossil fuels and
promote sustainable development.
PORTFOLIO Semester 2
2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, 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 for Business
Establishment (5 Marks)
Africa, as a developing continent, has immense potential in several key
industries that are essential for its socio-economic growth. These industries
not only address critical challenges but also provide opportunities for
sustainable business development:
1. Agriculture and Agribusiness: Africa has vast arable land, yet
many countries still rely on food imports. Investments in modern
agricultural techniques, processing, and value chains are essential for
food security and job creation. Agribusiness offers lucrative
opportunities, especially in producing, processing, and exporting
agricultural goods.
2. Renewable Energy: With a growing demand for electricity and a
large portion of the population without access to power, renewable
energy sources like solar, wind, and hydroelectric power are critical.
Investing in green energy can reduce reliance on fossil fuels and
promote sustainable development.
