Tax breaks for tech startups, urges AfICTA chief

21 October 2016

Mergers, Acquisitions and Financial Results

The Chairman of the Africa Information and Communication Technology Alliance (AfICTA), Dr Jimson Olufuye, has urged African governments to create a conducive environment for youths to start their businesses.

Olufuye was addressing African ICT Ministers and heads of IT agencies at the 2016 edition of the AfICTA summit in Windhoek, Namibia.

He said an enabling environment could be achieved by providing toolkits for would be start-ups, providing extended tax breaks, providing financing tied to different categories of contract works and deliverables, affirmative action on bids and the removal of visa restrictions for Africans to enhance investment and trade.

Delegates heard that IoT would help create jobs for Africa’s youths, provided African countries prepared for it. With as many as 75 billion smart connected devices expected in the next five years, IoT could advance and sustain Africa's development in the areas of health service delivery, e-government, e-commerce, job creation and e-agriculture.

The summit, with the theme “Internet of Things for Sustainable Development”, captured the milestone strategic changes in the world, culminated in the agreement by world leaders last year for the 17 sustainable development goals to be realized by the year 2030.

It also ushered in the World Summit on the Information Society (WSIS) 10-year review outcome document with another 10-year mandate for the Internet Governance Forum and the re-start of the work of the UN Commission on Science and Technology for Development (CSTD), Working Group on Enhanced Cooperation.

Source: All Africa 19 October 2016