A new U.S.-Nigeria trade deal could unlock more investment for Nigerian startups
The U.S.-Nigeria Commercial and Investment Partnership (CIP) was signed in July 2024 to support Nigeria's startup ecosystem. The CIP aims to remove regulatory barriers and promote private investment, enhancing access to U.S. venture capital.
After service suspension, Starlink faces high-stakes push for South Africa licence
Starlink has cut off services for South African users accessing broadband through international roaming plans. ICASA has intensified enforcement against unauthorized use of Starlink's services, leading to service terminations.
Kenya to start taxing startup workers’ shares before they get paid
The Finance Bill 2025 proposes to repeal the tax deferral on Employee Share Ownership Plans (ESOPs), imposing tax liabilities at the point of vesting. The bill seeks to eliminate the 100% investment deduction for companies investing in hotel buildings, manufacturing sites, and equipment.
Kenya to scrap tax breaks on startup employee stock options in 2025 Finance Bill
Kenya proposes to scrap tax breaks on employee stock ownership plans (ESOPs) for early-stage startups. The Finance Bill 2025 aims to remove the provision allowing tax deferral on stock received in lieu of salary.
South Africa seizes Starlink kits in crackdown on local resellers
ICASA has begun seizing Starlink equipment from local resellers to enforce telecom laws. The regulator's actions are part of a broader effort to shut down unauthorized usage of Starlink's satellite internet services.
