The Start-up Bill, 2020, sponsored by Senator Sakaja, has been published. The Bill bears similarities to laws in Tunisia and Senegal that offer better fiscal incentives for start-ups, including the scrapping of registration fees on intellectual property rights, the introduction of start-up scholarships and funds and ease of registration and dissolution where the start-up fails to get a product-market fit.
The Kenyan Bill, at least on paper, seeks to encourage growth and create a favourable environment for innovation. Despite sharing similar objectives when compared to their counterparts, it fails to tick the boxes in support of the innovation and entrepreneurial spirit.
