Senegal's start-up act to boost female-led business in first for West Africa

News Service
16:05, 21/02/2020, FridayU: Update: 16:09, 21/02/2020, Friday
REUTERS
Senegal's start-up act to boost female-led business in first for West Africa
File photo


HACKATHON

More than 60 Senegalese entrepreneurs helped draft the law in 2018 in a "hackathon," or collaborative workshop, said Eva Sow Ebion from i4Policy, an Africa-wide initiative for start-up policy reforms, which led the process.

Francophone Africa has lagged behind English-speaking African countries like Kenya and Nigeria in terms of tech and entrepreneurship, which some experts attribute to ease of doing business.

In 2018, only 5% of the $1.2 billion raised for tech start-ups in Africa went to French-speaking countries, with Senegal leading, according to the global investment firm Partech.

Senegal's new law defines "start-up" as a business label and grants companies that fit the criteria three tax-free years as well as training.

"This will change everything," said Thiam, who said her business was crippled in its early stages by taxes.

Senegalese women often run informal businesses cooking street-food and selling clothes but do not register them, which means they miss out on social benefits and funding opportunities, said Marina Gning, co-founder of a company that makes reusable menstrual pads.

The tax breaks have now been written into law but the government has yet to create a platform to register start-ups.

Sakho said there is a governmental group working on it and that they should be done by mid-year, but several entrepreneurs expressed concern about the amount of work that remains.

"I think there's a chance unfortunately that when it comes to implementation and the real impact this is supposed to have, that they won't deliver," said Abdoul Aziz Sy, head of Impact Hub, one of Senegal's main start-up incubators.

Page End
Turkey's Accumulation. International Media Group.

Welcome to the news source that sets Turkey's agenda! With its impartial, dynamic, and in-depth journalism, Yeni Şafak offers its readers an experience beyond current events. Get instant updates on what's happening in Turkey and worldwide, with news spanning a wide range from politics and economy to culture, arts, and sports. Access the most accurate information anytime, anywhere with its digital platforms; keep up with the agenda with Yeni Şafak!

Follow us on social media.
Download Mobile Apps

Carry the agenda in your pocket! With Yeni Şafak's mobile apps, get instant access to the latest news. A wide range of content, from politics to economy, sports to culture and arts, is at your fingertips! Easily download it on your iOS, Android, and Huawei devices to quickly access the most accurate information anytime, anywhere. Download now, don't miss out on developments around the world!

Categories
Albayrak Media

Maltepe Mah. Fetih Cad. No:6 34010 Zeytinburnu/İstanbul, Türkiyeiletisim@yenisafak.com+90 212 467 6515

LEGAL DISCLAIMER

The BIST name and logo are protected under a 'Protection Trademark Certificate' and cannot be used, quoted, or modified without permission. All information disclosed under the BIST name is fully copyrighted by BIST and may not be republished. Market data is provided by iDealdata Financial Technologies Inc. BIST stock data is delayed by 15 minutes.

© Net Medya, All right reserved. 2026