Browsing: 12 african startups

• Tanzania gives six months tax break to domestic start-ups, usually Small and Micro Enterprises (SMEs).
• Foreign companies in Tanzania enjoy a five-year tax holiday as permitted by the investment law.
• At the moment, new Tanzanian businesses are required to full tax payments despite the availability of this six months’ tax break provision

Start-ups in Tanzania are given six months of tax holiday as the government looks to boost the private sector competitiveness but a quick survey on the ground by The Exchange shows the program still lags behind.

The move to extend a tax holiday comes in the wake of persistent outcry by the private sector over the unfair competition by foreign companies that can afford to offer lower prices for their services and/or products.

However, does a reduction in taxes equate to improved productivity, increased efficiency and higher quality of services or products?

There is an overarching argument …

Google has committed US$6 million to support African startups as well as underserved communities on the continent.

In a statement, Nitin Gajria, Managing Director for Google Africa, and Rowan Barnett the Head of Google.org EMEA said the funding will go towards programs that will reaffirm its commitment to Africa.

The programs include a $3 million USD Black Founders Fund for African startups and a $3 million USD Google.org grant to help low-income communities develop entrepreneurial skills and funding.

The funding is expected to help African founders grow their businesses not only by providing capital but also by providing access to the best of Google resources.

At the same time, Google has also invited 15 companies from across the continent to the sixth class of the Google for Startups Accelerator: Africa program

Startup Fund

The Google for Startups Black Founders Fund Africa provides grants and technical assistance to early-stage startups led …