Both Government and the private sector have allocated large budgets to improve this sector. More opportunity for technical and vocational education is needed due to high demand in skilled labour in the continent.
While the sector will continue to offer opportunities in 2018, entrepreneurs should be exploring export orientated manufacturing. Governments offer attractive incentives for component manufacturing, as well as an entrepreneur’s ability to develop overseas markets for such products. In a country like Tanzania, where there is a furniture making business every few miles or a cloth tailor every other block the challenge lies in mobilizing these talents to work collaboratively in producing in masses for a wider market. Entrepreneurs who can organize these skilled labour into manufacturing units while maintaining quality in design and processing will have successful ventures. And this model can be applied in various industries.
Business tourism is increasingly growing in attractiveness due to Africa being recognized as an exotic place with great potential. Due to the fluctuation of many African currencies savvy entrepreneurs can capitalize on the continent being an affordable destination to host international conferences, when compared to some of the more established / traditional conference destinations.
Agriculture being the backbone of many African countries, still faces a lot of challenges where farmers do not have access to markets. The industry has high incentives and presents opportunities for entrepreneurs to add value in agriculture by branding, packaging and marketing already produced products.
v) Infrastructure at large
Governments, at all levels, are investing in upgrading services and facilities and smaller contractors should seek ways to get involved in the various scheduled projects. Apart from low-cost housing, basic services, such as water, electricity, sewage plants, as well as supplies, repairs and upgrades to government buildings and various infrastructure sites, are needed in cities and towns across the continent.