Business
East Africa the cheapest region to launch a StartUp – Savannah Fund
South Africa this time proved cheapest, as total administrative costs averaged under US$4,000 with accounting, legal, and admin and sales salaries all taking up equal proportions of total costs. Kenya had the second lowest costs, at just over US$4,000 with admin and sales staff salaries commanding the biggest portion of costs followed by legal charges.
Administrative costs in Tanzania weighed in over US$5,000, with admin and sales staff, and legal costs making up the bulk of costs.
“Administration costs are pretty even, Although Kenya and South Africa are lowest, this is great for non core costs that should remain low as those are leading ecosystems with friendly service providers who can earn a living on volume of startups over time,” Savannah Fund said.
Source: HumanIPO
