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Encourage entrepreneurship and startup growth through supportive legislation
African entrepreneurs endure unfavourable policy and regulatory environments, which make it difficult to set up, grow and expand innovative ventures.
However, countries such as Tunisia and Senegal are beginning to see the importance of promoting local enterprise, and are establishing the necessary policy frameworks for boosting innovation. The two countries pioneered startup acts in Africa. Côte d'Ivoire, Kenya, Nigeria, Rwanda, South Africa, and Uganda have followed suit and are now preparing the legislation needed to advance startup growth, while borrowing from Tunisia’s and Senegal’s success. Overall, the advancement of supportive legislations contributes to the development of an enabling policy environment for startups, even as it provides an opportunity for dialogue and engagement between the private and public sector players. Concertation between these two groups of stakeholders has been found to be instrumental in achieving broad buy-in.
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