The law to regulate the ecosystem of startups and technology incubators in Angola, in order to create a comprehensive program to encourage the development of the digital economy throughout the national territory, will be implemented by the end of the first quarter of 2024, according to the Executive administrator of the National Institute of Support for Micro, Small and Medium Enterprises (INAPEM ), Braúlio Augusto.
Speaking at the end of a Co-creation workshop with the aim of collecting subsidies for the creation of Startup Angola Program, the person responsible emphasizes that “At this moment we are organized around the aspirations of the ecosystem so that together we can advocate what is rightful".
"We (INAPEM) will not rest until the regulatory framework is a reality for national startups, as it is already at a very advanced stage and I can clearly say that there is already a draft of the future startup law, a work that included the participation of many and of course, it affects many administrative sensibilities".
Regarding the current obstacles to the creation of the law, Braúlio Augusto highlights thatwill "fiscal problems, but we must respect administrative policies and try to find a middle ground or balance point, in order to implement the same“, since for a better positioning of the different actors in the Startup ecosystem, it is necessary to have a structuring and legal framework around their actions.
The vision regarding the law, according to Bráulio Augusto, is, above all, to ensure that it does not inhibit the development of Startups, but creates stimuli, incentives and a clarification on the role of each of the actors.
In this way, Angola will become the seventh country in Africa to have a law that grants the title of startups technology and digital companies in the country, with the aim of creating a comprehensive program to encourage the development of the digital economy throughout the national territory.
For several analysts consulted by the MenosFios editorial team, the creation of a specific legal law for startups comes at a time to encourage the formation of startups, as well as believing that it will provide their protection.
In recent times, Angola has distinguished itself on a digital level, in relation to other countries in Southern Africa. Recently we have seen a growth in the number of startups, from fintech, e-commerce, e-health and agritech.
