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Which African Сities Are Most Attractive for Startups?
Which African Сities Are Most Attractive for Startups?
Sputnik Africa
A recent report by research center StartupBlink ranked the startup industries of 1,000 cities and 100 countries. It has been updated annually since 2017 and is... 09.06.2023, Sputnik Africa
2023-06-09T11:40+0200
2023-06-09T11:40+0200
2023-08-03T10:44+0200
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Nigeria's Lagos, Egypt's Cairo, and South Africa's Cape Town have been ranked as the top three preferred African markets for startup investments, according to the latest Global Startup Ecosystem Index 2023 report.According to StartupBlink, Lagos is "solidifying its status as the leading regional hub of Africa" and for the second year in a row was placed in the list of the world's top 100 cities for startups, ranking 82nd.Significant growth was shown by the capital of Egypt, which jumped 36 spots from 2022 to 124th globally this year.As for Cape Town, it "reversed the decline" it had last year with an 11-spot improvement to 136th globally. The report explains that the city has become "the most popular digital nomad hub in Africa."Kenyan authorities praised the country's success in the ranking, calling it an "impressive jump."The second half of the African Top 10 included the capitals of Seychelles, Ghana, Mauritius, Senegal, and Tunisia, ranked between 232nd and 360th in the world.In April, the International Institute for Management Development published a ranking of "The World's Smartest Cities" on the basis of the technological improvement they demonstrate. Cairo, Algiers and Cape Town were likewise recognized as the "smartest cities" in Africa.
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Which African Сities Are Most Attractive for Startups?
11:40 09.06.2023 (Updated: 10:44 03.08.2023) A recent report by research center StartupBlink ranked the startup industries of 1,000 cities and 100 countries. It has been updated annually since 2017 and is based on information from its global data partners and government agencies, according to the center's website.
Nigeria's Lagos, Egypt's Cairo, and South Africa's Cape Town have been ranked as the top three preferred African markets for startup investments, according to the latest
Global Startup Ecosystem Index 2023 report.According to StartupBlink, Lagos is "solidifying its status as the leading regional hub of Africa" and for the second year in a row was placed in the list of the world's top 100 cities for startups, ranking 82nd.
Significant growth was shown by the
capital of Egypt, which jumped 36 spots from 2022 to 124th globally this year.
"Cairo substantially outperforms any other ecosystem in North Africa," the report stressed, adding that the city is "one of the top 50 global cities in the Foodtech industry."
As for Cape Town, it "reversed the decline" it had last year with an 11-spot improvement to 136th globally. The report explains that the city has become "the most popular digital nomad hub in Africa."
Another major South African city, Johannesburg, ranked fifth among African cities in terms of attractiveness for startups (156th globally), giving way to fourth place to Kenya's Nairobi, which improved 26 spots in the global rankings to hold the 137th position this year.
Kenyan authorities praised the country's
success in the ranking, calling it an "impressive jump."
"We are thrilled to see Nairobi's remarkable rise in the Global Startup Ecosystem Index, with an impressive jump of 26 spots in the global rankings," Kenya National Innovation Agency CEO Dr. Tonny Omwansa said.
The second half of the African Top 10 included the capitals of Seychelles, Ghana, Mauritius, Senegal, and Tunisia, ranked between 232nd and 360th in the world.
San Francisco, New York, and London were recognized as global leaders for startups.
In April, the International Institute for Management Development published a ranking of "The World's Smartest Cities" on the basis of the technological improvement they demonstrate. Cairo, Algiers and Cape Town were likewise recognized as the "smartest cities" in Africa.
