Top 5 African Countries With The Most Developed Startup Ecosystems

African countries are known for their historical significance and startup ecosystems. Today, we present to you the list of the top 5 African countries with the most developed startup ecosystems.

5 African countries with the most developed startup ecosystems

South Africa

South Africa has the most developed startup ecosystem on the African continent. According to Startupblink rankings, South Africa is the first country in Africa to reach the global top 50 list of the most developed startup ecosystems.

Cape Town of South Africa excels in Technology, Software & Data, and Transportation in the global top 100 for all three industries. Johannesburg is a Fintech hub that ranks 2nd nationally and 4th regionally. Pineapple, Howler, DARJYO, and Zaio are startups from South Africa.

Kenya

Kenya is the second most developed startup ecosystem in Africa. Nairobi is popular globally for Food Tech, Transportation, Technology, and Energy & Environment. Nairobi is Kenya’s capital city. MarketForce, Farmula, and Synnefa are the startups from Kenya.

Nigeria

Nigeria is the highest-ranking country in Western Africa and the 3rd highest-ranking country in Africa for startups. Lagos, the largest city in Nigeria, has ranked in the global top 50 cities for E-commerce & Retail Technology in 2021. Giga Layer, Autochek, and Eden are some startups from Nigeria.

Rwanda

Rwanda is now ranked 4th in Africa on the list of the most developed startup ecosystems. In 2021, Rwanda obtained 0.92 points in the startup ecosystem index. Hanga Pitchfest, organised by the Ministry of ICT and Rwanda Development Board (RDB), was launched last year to motivate entrepreneurs. Kigali is the 2nd highest ranked city in Eastern Africa for startups. The Rwandan startup ecosystem is also looking exciting for 2022.

Egypt

Egypt ranks 5th in Africa and 1st in Northern Africa on the list of the most developed startup ecosystems. Every year, Egypt has been adding new tech startups to its ecosystem. Harmonica, Bekia, and RiseUp are startups from Egypt.

These are the 5 African countries with the most developed startup ecosystems. What do you think about these countries? Share your answer in the comment section below.

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