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Most African countries have been unable to tame rising inflation but Zambia has managed to reduce the inflation rate from 24.4% in Aug. 2021 to 9.7% in June.
Zanzibar is set to build its own Silicon Valley—Silicon Zanzibar. Through the initiative, the Tanzanian government wants to make the country an open and enabling operation base for all tech companies and their employees.
Wasoko a Kenyan B2B e-commerce startup has launched “Wasoko Innovation Hub” in partnership with the Zanzibar government.
Yu told Quartz that he found Zanzibar’s fiscal policies more supportive to his expansion plan across Africa, and he left Nairobi because heavy taxes translate to lower profit margins for Wasoko.
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