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Prologue Startups are young companies that are founded to develop a unique product or service and bring it to the market. In recent years on the African Continent, several startups have been making positive impact in their communities leading to several countries enacting or planning to implement a Startup Act. So, a pertinent question is, should Nigeria jump on the Startup Act bandwagon ? In this article, we will examine this question by; understanding what Startup Acts are, exploring the reasons why countries are trying to implement this peculiar legislation, and explore alternative pathways that can adopt be adopted, and finally ....
The big story: Jeff Bezos will step down as Amazon CEO Amazon announced today that founder Jeff Bezos will be transitioning from CEO to executive chair in the third quarter of this year. Andy Jassy, currently the CEO of Amazon Web Services, will be taking over as chief executive for the entire company. In an email to employees, Bezos said that this will allow him to devote more time to “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and [his] other passions.” Jassy, meanwhile, had previously been identified as a likely successor. The tech giants Uber is buying alcohol delivery service Drizly for $1.1B The plan is to build Drizly’s marketplace directly into the Uber Eats app, though Uber says it will maintain Drizly as a standalone app as well. ....