Presentation
This presentation is the property of its rightful owner.
Sponsored Links
1 / 22

Presentation PowerPoint PPT Presentation


  • 89 Views
  • Uploaded on
  • Presentation posted in: General

5 th Global Forum on Innovation & Technology Entrepreneurship East London, South Africa (30 th May, 2013) Session on: Public Entrepreneurs & Flagship Initiatives By Eng. George Mulamula CEO DTBi & Senior Govt. Advisor Tanzania. Presentation. Brief Economic Country Profile

Download Presentation

Presentation

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Presentation

5th Global Forum on Innovation & Technology EntrepreneurshipEast London, South Africa (30th May, 2013) Session on: Public Entrepreneurs & Flagship Initiatives ByEng. George MulamulaCEO DTBi & Senior Govt. Advisor Tanzania


Presentation

Presentation

  • Brief Economic Country Profile

  • Entrepreneurship Ecosystem Domain & Stakeholders

  • Synopsis of Tanzania Entrepreneurship Environment

  • Challenges in Tanzania Entrepreneurship Ecosystem

  • Flagship Initiatives to address challenges

  • Expected Benefits

  • Conclusion

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Brief economic country profile 1 3

Brief Economic Country Profile (1/3)

  • Tanzania has Vision 2025, objective:

    • High quality livelihood

    • Peace, stability and unity

    • Good governance

    • A well educated society

    • A strong and competitive economy

  • In a population of 45Million, GDP per capita of $527 and GDP growth rate of 7%, with SMEs estimated to contribute around ⅓ of GDP (NBS & WB Statistics)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Brief economic country profile 2 3

Brief Economic Country Profile (2/3)

  • Unemployment, and improving the skills of the labour force are imprinted on the government agenda as part of the 2025 development vision

  • The Ministry of Finance and Economic Affairs runs several initiatives focusing on unemployment, along with supporting institutions related to education and vocational training.

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Brief economic country profile 3 3

Brief Economic Country Profile (3/3)

  • Exports total 21.7% of GDP, main commodities are cash crops, primarily tobacco, cashews, coffee, cotton, tea, gold, diamonds, cloves and sisal

  • Imports total $11.2bn p/a, and key imports include oil, machinery, transport equipment, raw materials, and consumer goods

  • Even with national fibre backbone, national computer penetration very low compared to about 83% mobile penetration

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Entrepreneurship ecosystem domain stakeholders 1 2

Entrepreneurship Ecosystem Domain & Stakeholders (1/2)

  • Policy (Regulatory framework and incentives, enforcement and property rights, etc.) - Government

  • Culture (Tolerance for risks, mistakes & failures, innovation, experimentation, etc.) – Public & Private Sector

  • Capital (Micro loans, venture capital, public capital markets, Angel Investors, IP Assets etc.) – Financial & Private Sector

  • Markets (Distribution channels, expertise in production, entrepreneurial network, etc.) – Public & Private Sector

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Entrepreneurship ecosystem domain stakeholders 2 2

Entrepreneurship Ecosystem Domain & Stakeholders (2/2)

  • Human capital ( Skilled labour, entrepreneurship training & professional training, etc.) – Learning Institutions & Private Sector

  • Support /Business Development Services and capacity development (professional services such as accounting legal and technical experts etc.), including Infrastructure (telecoms, energy, transportation incubation, fibre backbone, etc.) – Public & Private Sector

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Synopsis of tanzanian entreprenuership environment 1 5

Synopsis of Tanzanian Entreprenuership environment (1/5)

  • Following independence in 1961, Tanzania implemented a socialist state – now in a modern day Tanzania, post-Socialist legacy is still manifest in the business sphere

  • Lack of acceptance towards entrepreneurship which is slowly being overcome

  • Entrepreneurship is still seen as a ‘last resort’ for those who can’t secure formal employment

%th Global Forum: Entrepreneurship & Initiatives by Mulamula

8


Synopsis of tanzanian entreprenuership environment 2 5

Synopsis of Tanzanian Entreprenuership environment (2/5)

  • Other practical obstacles to establishing entrepreneur start-ups (which leads to many Enterprises remaining in the informal sector) include:

  • Cumbersome registration processes, the process often takes much longer, and involves dealing with multiple government departments with limited communications channels. (Now foreign company investments use a 1-Stop Centre at TIC)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula

9


Synopsis of tanzanian entreprenuership environment 3 5

Synopsis of Tanzanian Entreprenuership environment (3/5)

  • Difficulty recruiting and retaining few skilled workers with a strong work ethic

  • High costs of supporting infrastructure

  • Lack of practical skills and tendency to ‘copycat’ successful businesses

  • Difficulty in getting seed funding & tendering bonds

  • Within the informal sector, there is a 60:40 split between rural and urban owned businesses respectively

%th Global Forum: Entrepreneurship & Initiatives by Mulamula

10


Synopsis of tanzanian entreprenuership environment 4 5

Synopsis of Tanzanian Entreprenuership environment (4/5)

  • Financial Support

  • Government recently increasing access to capital for SMEs (through PM’s Office & Ministry of Finance), as difficult for the majority of the population to access funding from a commercial bank

  • Access to microfinance institutions (MFIs) requires collateral such as a house, land or a car, which many do not have access to.

  • Alternative is the forming co-operatives, with the group acting as collateral in the eyes of the lender (MFI)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula

11


Synopsis of tanzanian entreprenuership environment 5 5

Synopsis of Tanzanian Entreprenuership environment (5/5)

  • Focus on youth entrepreneurship

  • 53.3% of unemployed persons are under the age of 35, with unemployment lower amongst rural youth (32%)

  • Amongst unemployed youth (15-24), approximately 57% are female.

  • Unemployment levels are 1-3% amongst university graduates

  • The Ministry of Labour, Youth & Sports developing Youth Policy, administers a Youth Development Fund and a Small Entrepreneurs Loan Fund targeted at youth and other vulnerable groups. (Still requires more tangible action and attention from the government)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula

12


Challenges in tanzania entrepreneurship ecosystem 1 2

Challenges in Tanzania Entrepreneurship Ecosystem(1/2)

  • Lack of entrepreneurship policy, even though good SME policy, while corresponding policies not entrepreneur support “friendly”

  • Failure to translate entrepreneurship tendencies to curriculum (change in our education system towards entrepreneurship)

  • Lack of adequate mentorship/coaching to entrepreneurial start-ups and exposure to role models

  • Limited skills (managerial & technical)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Challenges in tanzania entrepreneurship ecosystem 2 2

Challenges in Tanzania Entrepreneurship Ecosystem(2/2)

  • Mindset towards record keeping, innovation, quality and compliance still low

  • Low appreciation of the value/use of expertise in business for most entrepreneurs

  • Low level of economic and financial literacy

  • Poor infrastructure e.g. Power, road network etc.

  • Though some of the business operators run multiple businesses, graduation from micro to medium is rare

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Flagship initiatives to address challenges 1 4

Flagship Initiatives to address Challenges (1/4)

  • Teknohama Business Incubator (DTBi): Incubator to build entrepreneurs with provision of full range of business development services and capacity building

  • Tanzania Open Data Initiative under OGP (President’s Office): through technology & innovation create entrepreneurs utilising machine readable open data for transparency, citizen participation, accountability and integrity. (Tanzania has just finished an eReadiness Open Data assessment)

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Flagship initiatives to address challenges 2 4

Flagship Initiatives to address Challenges (2/4)

  • START Skills Programme (COSTECH, WB): program bringing together universities students, the public and private sector to develop and create sustainable enterprises that are ICT-based solutions in real-life settings.

    • Has component of entrepreneurship and innovation using open data to be made available through OGP building

    • Capacity building for visualization of such data (mobile and web) to allow the delivery of services and feedback from the citizens for better governance.

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Flagship initiatives to address challenges 3 4

Flagship Initiatives to address Challenges (3/4)

  • Innovation Fund (COSTECH, UK DFID, DTBi & TANZICT): To address the “valley of death” syndrome, an innovation fund for entrepreneurs being set up, to be operational in Q4 2013.

    • Currently there is a little seed money being given to Start-up entrepreneurs who are innovative with a “bankable idea”

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Flagship initiatives to address challenges 4 4

Flagship Initiatives to address Challenges (4/4)

  • New Innovation programme in developing policy & projects (WB, DTBi, Aalto University & COSTECH): to support the above initiatives through building capacity in delivery of the Tanzania Open Government Action Plan through promotion of open and collaborative models on innovation and a culture of open data.

    • Implementation to be by effective organizational arrangements, stakeholder ownership, policy makers & using appropriate instruments and feedback mechanisms.

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Expected benefits 1 2

Expected Benefits (1/2)

  • Development of mindset and enterprising culture among the youth, women & citizenry

  • Increased entrepreneurship training in Learning Institutions

  • Critical mass of youth having appropriate skills (soft & hard) to be creative, innovative & entrepreneurial

  • Policy statement & strategic project implementation having positive impact on Entrepreneurship & Innovation ecosystem

  • Increased numbers of MSMEs with high involvement of women and youth, creating jobs & wealth

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Expected benefits 2 2

Expected Benefits (2/2)

  • An innovation/entrepreneurial policy & enabling legal/regulatory framework from Government with supportive institutions towards entrepreneurship activities

  • Use of ICT in innovation & entrepreneurship, both as a tool and an enabler, while tapping the use of open data to achieve Tanzania’s Vision 2025 and being part of “code4africa”

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Conclusion

Conclusion

  • The process is designed to unleash the creativity and innovation of our youth & nationals in order to find solutions for Tanzania’s pressing socio-economic problems through the lens of viable and sustainable entrepreneurship

  • Tanzania Govt. is dedicated to creating a viable innovative & sustainable entrepreneurship ecosystem

  • Partnerships are important and all are welcome to partner with Tanzania in realising her vision 2025

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


Presentation

T H A N K YOU

%th Global Forum: Entrepreneurship & Initiatives by Mulamula


  • Login