Entrepreneurship education has become an important issue in many education systems including Tanzania and has received a remarkable emphasis in Higher Learning Institutions (HLIs) in recent years. Although many researchers have highlighted the role of teaching and learning strategies in enhancing entrepreneurial capabilities, there is an on-going debate on whether the strategies employed for teaching and learning of entrepreneurship in Tanzanian HLIs are creating business-ready graduates with entrepreneurial capabilities. This study aims to review the existing literature on entrepreneurship education by assessing whether the teaching and learning strategies are equipping students with the desired entrepreneurial capabilities. Through a desk research and narrative review of the existing empirical and grey literature, the results indicate that the status of entrepreneurship teaching in HLIs ineffective in terms of promoting entrepreneurial capabilities of graduates. This is highly attributed to inappropriate teaching and learning approaches as at present, the HLIs rely on traditional teaching and learning methods extensively. The study recommends that teaching and learning strategies should be revised to reach the goals of entrepreneurship education.