Fintech Association Of Kenya’s Post

The Nigerian Startup Act, signed into law on October 19, 2022, provides a supportive legal and regulatory framework for startups in Nigeria. Our article highlights key provisions and innovations in the Act, including: 1. Applicability of the Act and the Startup Label 2. Entities Created under the Act and Regulatory Framework 3. Key Innovations in the Act This legislation aims to foster a thriving startup ecosystem in Nigeria. You can access the article here https://lnkd.in/e7g9x7hq. Read and download more articles on our insights page at www.Candelp.com #NigerianStartupAct #Startups #Innovation #TechLaw #Entrepreneurship #BusinessGrowth #LegalFramework #Nigeria #StartupEcosystem

Urgent and Important !!! NITDA is currently putting together the consultative forum for the Nigerian Startup Act. However, there aren’t enough registrations from the North. Please kindly register if you are a Start-up, an incubator, an Accelerator, an innovation hub or a VC. You are highly encouraged to do so if you are a female-led organisation. Register here: https://startup.gov.ng Please share

It's Did you know Tuesday ✨️✨️✨️✨️✨️✨️ To be labelled as a startup under the Nigeria Startup Act, 2022, a startup must be a Nigerian-registered limited liability company, existing for no more than 10 years, with at least one-third Nigerian ownership either as founder or co-founder. It should focus on digital innovation and own or develop a digital technology product, process, or software. . . . . #aspensahel #aspensahelupdates #startuptips #legaladvice #businesslaunch #startupjourney #legalconsiderations #startupterms #startupecosystem #didyouknowfacts #didyouknow #facts #nigeria #nigerianlaw #nigerianlawyers #legalinsights

UNPACKING AFRICA'S STARTUP FUNDING LANDSCAPE As we edge into the weekend, this week on Market Pulse, I dived into the latest African startup funding trends, and the numbers are telling. Watch as I break down the $138M raised in September 2024, with fintechs leading the charge. Some key takeaways: Nigerian startups are struggling to secure big deals, with only a few notable exceptions Kenya and Egypt are giving Nigeria a run for its money as the leading destination for startup funding Exits and acquisitions are on the rise, with @Syft's $70M acquisition by Xero being a standout deal But here's the question: What's driving this shift in Africa's startup funding landscape? Is it a sign of maturity, with investors seeking more refined and scalable businesses? Or is it a reflection of broader economic trends, with Nigeria's funding drought being a canary in the coal mine? Join the conversation! Share your insights and let's unpack the future of African startup funding together. Featured companies: FlapKap Paymob Fido Syft Risevestors Mutual funds HISA INGENIERIE Moove Partners: Newscentral_Africa Newscentral_Africa Nairametrics #AfricanStartups #StartupFunding #Fintech #MarketPulse #NewsCentralTV #Nairametrics #BusinessMedia #IndustryInsights"

Challenges Before Nigerian Startups "Part of the problems inhibiting   the start-ups from appreciable  growth is lack of government support  and poor business environment. Even With best innovation and  brilliant ideas,  without an enabling environment  and access to needed capital,  startups will continue to struggle. Government has a lot more to do  and successful entrepreneurs  should also do more in mentoring and   supporting startups“ Engr. Gbenga Adebayo, Chairman of the  Association of Licensed Telecom  Operators of Nigeria, ALTON, an industry association  for all Telecommunications  Operators in Nigeria, 

The Nigeria Start-Up Act 2022 (the ‘Act’) is a transformative legislative instrument designed to stimulate innovation, entrepreneurship, and economic growth within Nigeria’s startup community. Enacted as a collaborative effort between the Nigerian government and the tech community, the Act’s foremost objective is to position Nigeria as a key player in Africa’s innovation and technology industry by addressing critical challenges facing startups, streamlining processes, and establishing support mechanisms to ensure that Nigeria remains competitive in the global digital economy. The Act fundamentally creates the right incentives and ecosystem for startups to innovate and grow. The key provisions outlined in this article are legal and regulatory requirements every tech founder should be familiar with, emphasizing their implications for new and existing startups. Download this article to learn more and engage with us in the comment section or click the link here: https://lnkd.in/dB2wKKri and subscribe on the right bottom corner of the blog for direct messaging. #StartUpAct #Technology #Innovation #Entrepreneurship

For EandC Legal, we believe say legal information suppose dey easy to understand, and sometimes we go add small fun join body. Some time ago, we drop summary of Nigeria Startup Act for Pidgin so founders and entrepreneurs fit sabi how the law take support their startups, tech, and innovation for Nigeria. Today, we dey bring that summary back again so new startups go sabi wetin dey for the Act and how e fit benefit dem. But this time, we add one twist: we wan make una yarn with us for Pidgin. Test your Pidgin skills, drop your comment, and the best one go win better prize. Oya! Na to make sure say the law work for everybody, no matter the language. Make we join hand build stronger startup ecosystem togeda. #NigeriaStartupActinPidgin #EandCLegal #StartupEcosystem #LegalClarity

As a follow-up to my previous article on the legal framework regulating tech startups in Nigeria, I wrote a 5-minute article on the Nigerian Startup Act 2022, highlighting the key provisions of the Act, as well as its most significant achievements and challenges since its enactment. Click the link below to read:

Navigating the financing landscape for Tech Startups in Nigeria can be a daunting task for both seasoned entrepreneurs and newcomers. Understanding the various financing options and their implications is crucial for securing the necessary capital for growth and sustainability. In this detailed Q&A guide, we address frequently asked questions (FAQs) about financing strategies for Nigerian tech startups. We cover a wide range of topics, including sources of funding, the pros and cons of equity versus debt financing, the different stages of funding rounds, and the essential legal documents required. Click the link below to read the full publication. For further inquiries and consultation with the Technology, Media and Entertainment Sector, please reach out to [email protected]. https://lnkd.in/dnmxBEkB #strenandblanpartners #commerciallawfirm #techstartups #startupfinancing #venturecapital #angelinvestors

Discover the latest insights from the Emerging Leaders group in Africa! Dive into their newest "Legal Nugget" highlighting Algeria's strides in fostering innovation and entrepreneurship. Algeria's journey towards supporting startups is showcased in this insightful article. Learn about initiatives like the Algerian Startup Fund (ASF) and how they're revolutionizing the startup ecosystem by providing essential financing and support. Explore how recent executive decrees and new laws are creating favorable conditions for startup growth, including crowdfunding authorization and the establishment of simplified joint stock companies exclusively for startups. 🔗 Read the full article, written by Meritas members Nahla Djabi and Nadine Abaza (Matouk Bassiouny - Algiers, Algeria), to understand how Algeria is becoming a regional hub for startups driven by knowledge and innovation: https://lnkd.in/gWBKvFa9 #MeritasAfrica #IndependentButUnited #EmergingLeaders