After a two-year stint in regulatory purgatory, Africa's two largest tech hubs are off the 'grey list'. VCs and payment startups can breathe… a little.
The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.
Under Nigeria’s sweeping Tax Reform Acts, what was once a simple paperwork exercise has become a high-stakes tax event that can trigger massive liabilities before a single dollar of new investment reaches the bank.
