TechCabal Daily – Taking the crowd out of crowdfunding
Retail in Kenya Order comes to crowdfunding In April 2020, the Securities and Exchange Commission (SEC) released draft regulations for crowdfunding activity in Nigeria. It was one of the few sectors where people were actually asking for regulation. While there are a lot of positives to companies raising funds from the public in exchange for equity, some bad actors have seized the absence of regulation to fleece investors. Because there were no rules, investors had no recourse whenever this happened. So the 2020 draft regulations were a relief. Yet that draft was silent on "agritech" companies...
Source: techcabal.com