Authorities in Rwanda are putting plans in place regarding the enactment of a Startup Act to push policy reforms that will support the advancement of startup businesses in the country. Should the Act be passed into law, Rwanda will become the third African country to execute such a bill, after Tunisia and Senegal.

More African countries are now working on the idea of implementing a Startup Act to foster the growth and sustain the viability of startup tech companies and other SMEs, as well as drive overall economic growth.

Pan African community, i4Policy, is at the heart of creating a working draft for Startup Acts in Africa and will be working together with the Rwandan government in its efforts to integrate the Act into its national policy. More than ten (10) other African countries including Ghana and Mali are reportedly teaming up with i4Policy to establish a Startup Act.

The startup ecosystem in Nigeria remains one of the largest in Africa. There are over 250 organisations classified as startups in Nigeria, with more than 110 of them owned by Nigerians.

Recent government policies in Nigeria have, however, frozen out some promising startups in the country like the Opay, Gokada and Max.

Read more here - https://technext.ng/2020/08/27/african-countries-are-embracing-the-startup-act-to-build-solid-ecosystems-will-nigeria-be-left-behind/