We are glad to announce that ASSEK’s contribution towards the start-up Bill has been a success, with the Bill obtaining approval. The journey of Kenya attaining a Startup Bill began in November last year, with ASSEK having been in talks with Nairobi Senator Honourable Johnson Sakaja to draft the start-up Bill.
Kenya joins Tunisia and Senegal as the only african countries that have enacted Start Up Bills
The aim of this Start Up Bill is to:
- Foster a culture of innovation and entrepreneurship
- Provide framework for the registration of start-ups
- Provide framework for linkage of start-ups with private investors, financial institutions, the private sector, research institutions and such other institutions at the county, national and international level
- Provide framework that facilitate investments in start-ups
- Provide framework to facilitate the provision of fiscal and non-fiscal support to start-ups in Kenya
- promote an enabling environment for the establishment, development, conduct of business and regulation of start-ups
- Provide framework for the establishment of incubation facilities at the National and county levels of government
- The monitoring and evaluation of the legal and regulatory framework to encourage the development of start-ups
