- Improved infrastructure; good roads, adequate security, availability of water, electricity will
encourage entrepreneurial
development.
- Favorable government policies such as lessening tax burden by providing tax holidays, providing
incentives and
simplifying procedures and cost of obtaining relevant legal documents required
- Availability of market for goods and services/Expanding market due to devolution of services
- Increased accessibility to education and training/Expanded capacity to provide training for
better skills to
entrepreneurs.
- Availability of resources/Increased accessibility to credit from commercial financial institutions
and also from the
government through government initiated projects like uwezo fund and women enterprise funds.
- Political stability/absence of political chaos/No inter-clan fighting creates a conducive
environment for entrepreneurs to
venture into varied investments with confidence.
- Favorable natural conditions/enough rainfall for agro-based businesses.
gideon1 answered the question on October 2, 2017 at 16:59
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