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There are roughly 5,188 companies that fit the startup definition on record in Africa, with 5,043 innovators. Almost one startup per innovator at a 1:103 ratio.
Defying the co-founder model much?
Defying the co-founder model much?
Anyway, mapping it out - the standout startup hotbeds? The top four are interesting collective. I'm sure very few will predict them in this order should they be lucky to guess all 4 right:
424, Cairo
152, Cape Town
86, Lagos
64, Johannesburg
424, Cairo 152, Cape Town 86, Lagos 64, Johannesburg
Those 4 make up the defacto Silicon Savannah despite being separated by miles on end, remember that Africa is perhaps the most complex economy & embracing its complexities will be paramount.
The investors stand at 316 which equates to 1 investor for every 16 startups.
The investors stand at 316 which equates to 1 investor for every 16 startups.
Circling back to the startup hotbeds - when looked at from the per country lens rather than per city - the order again changes, further stressing the complexity:
1,337
1,332
816
526
This 4 countries make up 77% of the startup economy.
1,337 1,332 816 526This 4 countries make up 77% of the startup economy.
Finally, in the publishing & networking aspect - we have 1,047 dedicated journalists doing media coverage; almost 20 per country. The industry is anchored by about 44 tech hubs, which translates to less than one per country.
