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Browsing: Africa 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 …
- Launch Africa has been named as the most Active investor in Africa, according to the latest data from Big Deal.
- The data indicates that Launch Africa has been signing more than a deal a week on average in the last two years, and has the widest geographical spread.
- Launch Africa is followed by Flat6Labs who’s the only one of this very active group to focus exclusively on one region : Northern Africa (with 2/3 in Egypt and 1/3 in Tunisia).
Launch Africa has been named as the most active investor in Africa, according to the latest data from Africa: The Big Deal. The data indicates that Launch Africa has been signing more than a deal a week on average in the last two years, and has the widest geographical spread.
The firm also got involved in 12 percent of all equity deals between $100k and $10m that happened on the …
- Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.
- The energy sector was followed closely by the logistic & transport sector which experienced year on year growth of 38 percent, surpassing Fintech in Q4.
- Retail came next at $455m in investment, while other significant sectors growing year on year included Telecom, Media & Entertainment, Agriculture & Food and Deeptech.
Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.
This is according to latest data from The Big Deal which attributes the growth to two huge investments made in the region during the period under review that includes PEG Africa’s acquisition by Bboxx estimated at $200m and Sun King’s …