February 27

Senegal’s New Start-Up Laws to Favor Women Entrepreneurs

The newly enacted Start-up Act in Senegal is expected to boost female-led businesses in the country, by providing tax breaks and other benefits to innovative businesses in fields from agriculture to mobile banking.reneurs

The law, drafted in a hackathon by more than 60 key Senegalese entrepreneurs in 2018, is expected to take effect later this year. It is targeted at female and youth-run businesses in particular, as well as other start-up businesses that are doing good.

Providing a guide to business operations in the country, the Act is expected to promote innovation and entrepreneurship, and encourage data collection and sharing among entrepreneurs to help them develop better business plans as well as looking into tax policies, startup financing, and labelling.

Photo courtesy of Bioversity International.

Source: Ventures Africa (link opens in a new window)

public policy, startups