Forwarded from Shega Media
𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮 𝗙𝗶𝗻𝗮𝗹𝗹𝘆 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗟𝗼𝗻𝗴-𝗔𝘄𝗮𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗟𝗮𝘄
After half a decade of revisions and cross-ministry debates, Ethiopia has ratified its first Startup Proclamation, bringing long-awaited legal clarity, financing pathways, and innovation incentives.
It provides clear startup classifications, outlines access to public and private financing instruments, and creates pathways for incentives. This includes duty-free privileges, tax breaks, and credit risk guarantee schemes.
The challenge going forward? Implementation. For the proclamation to be more than symbolic, regulatory agencies must move swiftly to operationalize the bill’s provisions, design accessible funding mechanisms, and ensure the incentive schemes are inclusive, transparent, and startup-friendly.
𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗿𝘆.
https://shega.co/news/ethiopia-finally-approves-long-awaited-startup-law
#Ethiopia #StartupProclamation
After half a decade of revisions and cross-ministry debates, Ethiopia has ratified its first Startup Proclamation, bringing long-awaited legal clarity, financing pathways, and innovation incentives.
It provides clear startup classifications, outlines access to public and private financing instruments, and creates pathways for incentives. This includes duty-free privileges, tax breaks, and credit risk guarantee schemes.
The challenge going forward? Implementation. For the proclamation to be more than symbolic, regulatory agencies must move swiftly to operationalize the bill’s provisions, design accessible funding mechanisms, and ensure the incentive schemes are inclusive, transparent, and startup-friendly.
𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗿𝘆.
https://shega.co/news/ethiopia-finally-approves-long-awaited-startup-law
#Ethiopia #StartupProclamation