President Ruto to sign bill that will give tax break to Kenyan startups
- The Startup Bill 2022 will be signed into law by April 2024, providing employment opportunities for Kenyan youth and tax breaks for startups.
- The bill offers incentives to registered startups, including tax breaks, access to information on resources and support, and a credit guarantee scheme for financial support and training.
- The bill aims to establish a legal framework to boost tech growth, foster innovation, and attract talent and capital.
The Startup Bill 2022 is a positive step towards supporting the growth of startups in Kenya. By providing incentives such as tax breaks and access to credit, the bill aims to create employment opportunities for the youth and foster innovation. The establishment of a legal framework will further boost tech growth and attract talent and capital. However, it will be important to ensure effective implementation and monitoring of the bill's provisions to maximize its impact.
