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Browsing: African Startup League
- 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 …
- Africa Startup League announced a Sh122.84 million innovation competition that will kick off in February 2023.
- The continental-wide contest is open for innovators, entrepreneurs, micro-enterprises, and early-stage start-ups to attain access to finance, as well as the much-needed expertise required to scale businesses.
- East African startups raised US$2.3 billion between 2019 and May 2022. The amount represents 23 per cent of the overall funds raised by African startups during the period.
Africa Startup League, a community-powered company builder for startups, has announced a Sh122.84 million innovation competition that will kick off in February 2023.
The Africa Startup League is a critical Humanity Node ecosystem infrastructure component and key decentralized gross domestic product of Africa (DGDPA) accelerant.
The continental-wide contest is open for innovators, entrepreneurs, micro-enterprises, and early-stage start-ups to attain access to finance, as well as the much-needed expertise required to scale businesses.
The model is a unique startup studio …