Mbarang’andu and Tunduru Wildlife Management Areas established in 2003 and officially gazetted in 2010 and 2009 respectively are key areas in Tanzania southern tourism circuit, which have remained relatively unexploited. The objective of this study was to examine entrepreneurial opportunities, level of opportunities utilization and develop entrepreneurial gaps in the two WMAs. Focus group discussion, site visitation, interviewing selected households and the documentary review was deployed in data collection. Both Mbarang’andu and Tunduru WMA have a high potential for photographic tourism, camping, beekeeping, fish farming, and heritage tourism. The common on-going business venture to both WMAs is tourist hunting where the investor/the tourist hunting company pays an equivalent of 30,000$ contractual fee per annum together with the equivalent of 10,000$ as corporate social responsibility