KIZITO OKECHUKWU | FEB 24, 2020
As the Finance Minister prepares to deliver the 2020 National Budget speech, all eyes will be on government’s plan to collect its revenues and spend its budget. The budget is a platform where the nation gets clarity on how taxes have been allocated to various national priorities, such as infrastructure, education, health, social services, among others. The budget also helps in determining how citizens should tighten their belts in cases where there are increases in tax, etc.
Last week, I took some time to chat to a few startups and small businesses at the 22 on Sloane campus about what they expect to be addressed in the budget speech and these were their comments:
Kizito Okechukwu is the co-Chairperson of the Global Entrepreneurship Network (GEN) Africa; 22 on Sloane is Africa’s largest startup campus.
Many years ago, when someone mentioned Saudi Arabia, the first things that probably came to mind were oil and luxury, diamond-studded million dollar cars. We deemed it a conservative country, a country that is closed out from the rest of the world – and a country not worth visiting.
READ MORE2023 has a great outlook for the African entrepreneurship ecosystem landscape as the continent has received great attention all over the world since the pandemic. According to Partech, it is estimated that up to $2billion of funding in form of equity and debt went into African tech startups in 2019.
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22 On Sloane is the largest startup campus in Africa. The campus offers disruptive startups and innovative SMEs a complete turnkey solution to scale, from the initial idea all the way to commercialisation, funding opportunities and access to markets. Its aim is to nurture the entrepreneurial mindset, ensure their sustainability, and explore development of new industries and contribute towards job creation in Africa.
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