In a move expected to boost the country’s startup ecosystem, Kenya’s President William Ruto has promised to sign the Startup Bill 2022 into law. Speaking during the Kenya Innovation Week (KIW), the president said he will sign the bill into law by April next year. “By March, or April next year, we will have a firm startup law in Kenya, which will assist many of our innovators de-risk their innovations and turn them into businesses,” he said. The Startup Bill which has been in the works since 2021 seeks to govern the interactions between the government, incubators, start-ups, and investors. When the bill finally becomes law, Startups will further gain access to much-needed resources, including funding, mentorship, and training.

Source: Daily Nation November 30, 2023 23:52 UTC