Finance Bill a huge boost for fintech start-ups next year

BDFINTECH

The government, through the Finance Bill 2023, has made a landmark proposition to incentivize startups and transform the fintech space. FILE PHOTO | POOL

In a pioneering move that aligns Kenya with global best practices, the government, through the Finance Bill 2023, has made a landmark proposition to incentivize startups and transform the fintech space.

This trailblazing approach, which defers taxation on share ownership schemes offered by eligible startups, sends a clear message: Kenya is ready and eager to become a leading hub for venture capital entrepreneurs in Africa.

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Note: The results are not exact but very close to the actual.