Companies investing in labelled startups can deduct up to 30% of their income or profits, with a ceiling of 200 million Algerian dinars (approx. USD$1.5 million)
In the wake of the Heritage Bank crisis, fintechs are grappling with the challenge of rebuilding customer trust. While those covered by the NDIC can leverage this as a selling point, others must find alternative ways to demonstrate their commitment to financial security.
Signed into law by President Alassane Ouattara on January 22, 2024, this new Startup Act in Ivory Coast marks a new era for tech entrepreneurship in the country.
As more startups layer financial services onto distribution networks, the message is clear: surviving Africa’s B2B e-commerce crunch may hinge less on moving goods, and more on financing them.
Temu’s expansion comes less than a year after Jumia Technologies AG, often dubbed the “Amazon of Africa,” shut down operations in South Africa and Tunisia.
As more startups layer financial services onto distribution networks, the message is clear: surviving Africa’s B2B e-commerce crunch may hinge less on moving goods, and more on financing them.
