Mali is about to join the league of nations to enact a Startup Act

by | Mar 28, 2019

Yesterday, at the Francophone Africa Investor Summit, Malian Minister of Digital Economy, Arouna Modibo Toure announced that Mali would soon enact a Startup Act.

Before the Minister’s proclamation, stakeholders of the Malian startup community (including tech hubs and entrepreneurs) had given voice to a bill that would put in place a policy to promote startups.

To that effect, they have come together to draft a public document in which stakeholders can comment and annotate on frameworks and policies that help startups face the challenges of development, growth, investment incentives, job creation and economic value.

As if fated to have a good outcome, Arouna noted in his speech that the Malian government will indeed pass the Startup Act as proposed by the tech hubs and entrepreneurs, without any change.

Advertisement

What that means in principle is that Malian government is about to throw its full support for startups.

This is not the first time an African government is supporting its startup community at full scale. The Tunisian government took the lead in this regard last year, having seemingly creating an enabling environment for home-grown startups by passing into law the Tunisian Startup Act.

It’s a good thing that African countries are waking up to the potential that startups wield in the digital age, and this is increasingly being validated by the overdose of foreign attention. Driving this home though, the question is, will Nigeria follow suit any time soon?

The Nigerian startup ecosystem is picking up, thanks to the proliferation of smartphones, slight growth in broadband penetration and funding for high-impact/growth startups

Although the Nigerian government has taken a public position — coming particularly from the office of the Vice President, Prof. Yemi Osinbajo — to support startups and SMES, it feels like the progress is slow.

There’s a lot that can be achieved with government support, but the least will be to provide an enabling environment as well as create reformist policies that will assist local startups in their quest to solving the country’s biggest challenges.

On the other hand too, it is time for all startup players in Nigeria to engage the National Assembly to pass into law a Startup Act, taking into consideration the peculiarities of Nigeria.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.

Advertisement

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap