The Kenya Startup Act

In December 2021, the Kenya Startup Act popularly known as the Startup Bill was passed into law. The Act was created to provide entrepreneurs in Kenya a platform from which they can launch their own companies, facilitate their expansion, and provide technological advancement to both indigenous and foreign investors.

In this article, we will go through the most important aspects of the Startup Act passed into law in Kenya and what the future looks like for startups in the Kenya

Key provisions of the Kenya Startup Act include:

1. The Act requires businesses already registered with the Business Registration Service (BRS) to be registered with the Kenya National Innovation Agency (Agency). The Agency is charged with the responsibility of registering new businesses and also designing an incubation policy framework for the growth of these businesses. Additionally, the Agency will be responsible for forging links between local and international business accelerators.