South Africa named best country for start-up CEOs
A survey on working environments for start-ups in Africa has found that South Africa leads in compensation packages for CEOs and other employees. The study, carried out by investor firm Timon Capital and think-tank Briter Bridges also concluded that Kenya, Nigeria, and South Africa have the most advanced ecosystems for start-ups in Africa. The three countries had collectively received the highest funding for technology start-ups.
The start-up culture has picked up in Africa over the past two decades. Questions have, however, been raised about the transfer of knowledge and equitable tax practices, as most start-ups are registered and managed from outside the continent.