AGP Executive Report
Last update: 5 hours agoEntrepreneurship Support: Afric’innov is rethinking how incubators can help African businesses as AI tools become widely available and support organisations face funding pressure. The network spans 26 countries and more than 130 business-support groups. Tax Relief: Nigeria’s Revenue Service says formalising and keeping proper records can unlock incentives for creative businesses, including a 5% tax credit on qualifying capital spending and tax exemptions for some smaller firms. Global Markets: Abia plans to use the AFRICANDO conference, set for November 17–19, to connect SMEs—especially manufacturers in Aba—with international investors. Startup Finance: Kenya is targeting Sh65 billion in startup funding as venture capital investment falls 45%, raising the stakes for efforts to sustain financing. Business Funding: Nigeria says it has disbursed N65.8 billion to micro, small and medium businesses, alongside N75 billion to 104 manufacturers.
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