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TOPIC: CHALLENGES OF SMALL INDUSTRIES AND SOLUTIONS

CHALLENGES OF SMALL INDUSTRIES AND SOLUTIONS 29 May 2017 11:51 #200

  • Agape7
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What are current challenges facing small industries to fuel the economy of Tanzania? Give the way forward for these challenges.
The government is making it's best to establish and maintain the industries so as to make the economy grow at high speed. But there are those citizens who have established their industries but face a lot of challenges. We would like to know these challenges and what forward do you suggest.
Most welcome all for contributions.

Thanks.

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Last Edit: by Agape7.

CHALLENGES OF SMALL INDUSTRIES AND SOLUTIONS 29 May 2017 13:56 #201

It is my pleasure to contribute on this topic as it touches the current main agenda of Tanzania to be the industrial country. Based on many publication these are seems to be commonly mentioned issues skilled manpower, finance, raw materials, machinery/spare parts, and sometimes information. the other problems as proposed by Mwang'ombola M. is that

The long distances involved in distribution, prohibitive transport costs (due to extremely high prices for fuel and spare parts, and the very poor state of main roads), and difficult communications have led to ever-higher black-market prices read more

Read more

Also there is one of the big problem that many small industries management team is the concept on acquisition of loans or dept managements. Mukwasiyo S. (2016) explained about the management of debt as one among the challenges that face most people whereby they are not exactly sure about what the amount they borrow is for improvement of the business but what is actual done some is for other different activities.

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Last Edit: by erkjonas.

CHALLENGES OF SMALL INDUSTRIES AND SOLUTIONS 29 May 2017 14:38 #202

  • Agape7
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Thanks very much for the feedback Mr. Jonas.
So what is your say on this aspect since it seems very critical issue in many developing countries? A way forward?

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