Future UDSM Entrepreneurs

For students aspiring to become successfull entrepreneurs

Challenges facing entrepreneurs in Tanzania.

with 24 comments

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.

Emmanuel Patrick:
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 anythincomputer@gmail.com
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.

DANIEL ELIHURUMA:
3rd year computer science at university of Dar es salaam, sugumosi@yahoo.com, My dream is to be entrepreneur in software development and Network essentials.

JUSTINIAN,GODFREY
3rd year computer science at university of Dar es salaam, gmwesiga2007@yahoo.com
OBJECTIVE: To use Information and Communication Technology Industry skills for growth while being resourceful, innovative and Flexible.

TUJU SHARALI;
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 (mushongi1985@yahoo.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.

we belong together

jasiri group at UDSM

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Written by udsmentre

March 18, 2010 at 8:58 am

Posted in Uncategorized

24 Responses

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  1. the challenges lack examples

    Nuhu Said

    May 12, 2010 at 6:09 am

  2. I would like to congratullation for good idea for constaints which facing the development of an entreprenuar

    sikumbili salvatory

    June 2, 2010 at 8:31 am

  3. I LIKE THE IDEAS,BUT THE CHALLENGES NEEDS EXAMPLES TO VALIDATE THEM,WE CAN NOT JUST SAY THEY ARE CHALLENGES,ARE THEY FROM NOWHERE OR OUR SOCIETY.

    LIVIN KIMARO-UDSM

    June 11, 2010 at 12:41 pm

  4. Yeah, we TZ are not good in business, we say that we have a dream but smtim we stuck just bcse of poor communication skills. I tell u even if they train you hundred times with quality trainings, u will only succeed if you are good in communicating. And bad enough, english is the language of the juggle.
    And don’t worry be a risk taker. I run my own firm and try a lot to communicate especially english.

    Openair Media Communications
    Box 14362,
    Kinondoni

    Also i am taking BBA at UDSM

    Pius John

    June 11, 2010 at 2:24 pm

  5. I Would like to add few problem that are dog development of entreprenuar in tanzania such, poor location of bussines,bad regulation of council city like dsm hawker known as machinga arrested by askari wa jiji this situtional are persish some goods or services.
    Best work.

    salvatory sikumbili

    June 16, 2010 at 9:05 am

    • The big challenge which facings an entreprenur in my country like Tanzania is Loan from Financial Sector.Due to fact that the procedure took long time until mjasiria mali to get Loan .for instace can take one months,two months,Most loans officer like Corruption.Therefore Entreprenurs haven’t financial to support this situation.My advice is that Government should establish informal sector in order to reduce fast unempolyment.

      sikumbili

      December 8, 2011 at 7:36 am

  6. I am taking Bsc in telecommunication Engineering at the University of Dar es Salaam,
    guys you did very well, you have got creative and innovative ideas, make sure you changed them to reality.
    keep it up.

    ATHANAS ALEX T

    June 28, 2010 at 9:52 am

  7. Fantastic!

    I saw something challenging into everyone’s dream. I realized that all of you are youth (not above 30 years by age). You have nice and big dreams. Impressively! Indeed, you are entrepreneurial driven young people! You have all the potential!

    Never stop dreaming. Dreams make someone think. Thinking bears ideas! Through thinking we become creative and innovative. This is the characteristic of entrepreneurship.

    Everyone has a dream and promising ideas but the question comes, “TAKING A STEP AND WALK AND WORK THE IDEA” I mean making initiative and implement the ideas into real action despite of the challenges is another issue.
    The young generation of Tanzania; we are the one to bring changes that trigger development of the nation economically, socially and politically regardless of the challenges which will never end SINCE in the dynamic and ever changing world challenges are born every passing second. So should we stop creating ventures because of challenges??
    For example 50 t0 60 years ago, the republic of SOUTH KOREA’s young entrepreneurs faced the same challenges like those we have today in Tanzania. But dedicated themselves to face them, they changed the face of their nation. In short South Korea were at similar level of development in all sectors with our nation. As we speak now it is the emerging economic, social and political powerful nation. What about Tanzania?
    why? It is because energetic young people wanted to live their dream and they made it.

    So, in spite of ever upcoming challenges, lets make action to live our dreams for Tanzania. Yes! We can!

    NB: The last point of culture, is it true that the Muslims now accept the business of pigs (pork)?

    “Think big to achieve big.”.

    Kampala International University-main campus
    Kampala, Uganda.

    Mshindi Andrew

    August 6, 2010 at 1:10 pm

  8. Mshindi Andrew

    August 6, 2010 at 1:13 pm

    • Thanks for the comments brother Mshindi, what you’ve just said is completely true, we are the young generation, the energetic generation, psychologists suggests that, people of our age think faster and innovative than other age groups, We need to wake up if we are asleep and get on the road for the journey towards success.
      Pork business?it’s not officially accepted. Thank you and have a great time.

      udsmentre

      August 8, 2010 at 6:40 pm

  9. I was very excited reading from different contributions submitted by various prospective entrepreneurs. of couse I can generally say that your dreams are impressive but in other hand they are useless if can never be pursued. The majority of graduates anticipate to be employed in offices and strives for white collar jobs rather than self employnent. i urgue my fellow youngersters to work on their dreams with hopes. Hopefully they will be successful

    Sebastian Philbert Ruta

    August 29, 2010 at 4:24 pm

    • That is very right brother, any dream or plan if not implemented is useless. An idea or a business idea without putting it into action is even more useless. We need to work hard to implement whatever is our mind.

      tuju

      September 8, 2010 at 4:05 pm

  10. I would like to join hands, you the ones you plan to be enterprenuers. Dont be discouraged WITH whatever challenges.Keep your dreams alive because GOD is with you.

    MASASILA KULWA

    July 5, 2011 at 8:50 am

  11. also lack of business premises; 40 – 80% of business people in Tanzania are street vendes because of shortage of premises are in high cost.

    Glady

    January 20, 2012 at 8:55 am

  12. perfectly this remain as a big challenge to the national as well to our community starting from individual level,so let us be a catalyst of change to overcome the economic crisis in Tanzania.

    HENRY, MDALINGWA

    March 10, 2012 at 2:38 pm

  13. Keep the passion guys. If you can dream it, you can achieve it!
    I was in the same situation few years ago and I’m now running a
    Marketing firm that’s helping many companies increase their profits
    using Strategic Marketing
    …………………………………
    Dr. Said Said
    CEO & Founder of Strategic Marketing & Design

    Dr. Said

    May 2, 2012 at 2:57 pm

    • i’m interested & equest for your contact please mr.said said please, i mean full address

      cretus

      May 22, 2013 at 7:09 am

      • I’ve been travelling here and there lately. But to make sure you keep in touch with me just book for an appointment via my website http://saidsaid.net then I’ll get back to you.

        Dr. Said

        June 25, 2013 at 5:07 pm

  14. Good. But reference is important

    jamila mongi

    May 3, 2012 at 1:30 pm

    • Jamila, which reference exactly that you are talking about?

      udsmentre

      May 3, 2012 at 4:22 pm

  15. Most people imagine that business is harder than employment but in reality it is not. It is just riskier and pays good returns to those who take the risk. We are taught in school to work hard to get a job but this is not the best way. To be your own boss is!

    One author by the name Jim Rohn says ““Formal education will make you a living; self-education will make you a fortune.”
    Self-education is what you learn when you start your own business. Dont be afraid of “failure”. Thomas Edison carried out 100 experiments before he discovered the light bulb. If you failed once go back and try again after all, when you ‘fail’ you simply discover what does not work so that you can try another method.

    You can start learning today. I will help you. You can reach me on ainaeny55@gmail.com

    Aina.

    Aina

    May 14, 2012 at 12:14 pm

    • Nice words Aina. A multi millionaire internet marketer with the name Eben Pagan says, “Education pays, business education pays more and money and wealth education pays the most and the latter isn’t taught in school.”

      Business allows you to learn money and wealth education which isn’t taught in school.

      About Thomas Edison, he did 10,000 trials before he made the light bulb and he became the greatest inventor in history with 1093 inventions.

      Dr. Said

      June 12, 2012 at 2:31 pm

  16. it is true that Tanzanian entrepreneurshp are faced by diffrent problems,also there some problems caused by them like mis use of their capital for thngs that are not neccesary,

    always dreams come true.hope we will reach our dreams.

    omary

    May 30, 2012 at 7:16 pm

  17. They say that ” you better try and fail instead of not trying at all!” It’s also advisable that you start small for a journey of a thousand miles begins with a stride & 1 million shillings is just an accumulation of 1 sh, 2sh, 3sh……1,000,000.So, go for it buddies and involve God in all your endouvers.Let us be positive thinkers always and all shall be well.I’m with you guys on the same page so, count me in.cheers!!! (BAPRM student @ SAUT)

    JUSTUS NYAMEYO

    November 2, 2012 at 7:43 pm


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