Challenges facing entrepreneurs in Tanzania.
GROUP NAME: JASIRI
Members of the group
Sanga Rehema : I’m currently a University student taking a Bsc. in Industrial Engineering and Management. My vision is to become a successful entrepreneur in future.
A university of Dar es salaam student (2006-2010) pursuing BSc. In Industrial engineering and management. I expect to live my dreams through entrepreneurship because I believe that, success comes through infinity expectations, day dreaming and keeping an eye to the target ALWAYS
Masanche Emmanuel firstname.lastname@example.org
3rd year computer science at university of Dar es salaam.
My vision is to have my social network www.ANYTHINCOMPUTER.ning.com be so popular that every entrepreneur can use it.
3rd year computer science at university of Dar es salaam, email@example.com, My dream is to be entrepreneur in software development and Network essentials.
3rd year computer science at university of Dar es salaam, firstname.lastname@example.org
OBJECTIVE: To use Information and Communication Technology Industry skills for growth while being resourceful, innovative and Flexible.
Hi, I am a final year student in the college of natural and applied sciences of the University of Dar es salaam, I will live my dream through own effort and struggle, thanks.
MUSHONGI, Bella (email@example.com)
Am pursuing Bachelor of commerce and management at university of Dar es salaam. my inspiration is to be a very famous and successfully entrepreneur.
Challenges facing Tanzanian Entrepreneur
Lack of capital
Many Tanzanian find it difficulty to initialize business due to lack of initial capital, capacity limit of banks to offer loans, long loan procedures to access loans from banks and lack of collaterals required to validate ones ability to apply for loans.
Lack of entrepreneurship training
Most of the experts in Tanzanian have spirits and skills in entrepreneurship but due to high costs of training materials, funds for accommodation and traveling leads inadequate training.
Lack of entrepreneurship skills
Most of Tanzanian are uneducated and they lack skills on matters relating to entrepreurship. Their involvement in entrepreneurship may lead to a lot of risks so they opt not be involved.
Poor government policy, regulations and laws
Tanzanian government does not have clear policy on supporting entrepreneurs and helping them to build their potentials.
Culture and beliefs
In Tanzania we have a mixture of several religions each with its beliefs for example if an entrepreneur decides to invest in keeping pigs it is acceptable to Muslims. These always result into a narrowed market to some business opportunities.