Telecom

Lagos ranked Africa’s most dynamic startup ecosystem in 2019 (Startup Blink)

Lagos ranked Africa’s most dynamic startup ecosystem in 2019 (Startup Blink)
Monday, 03 February 2020 12:08

Nigerian city Lagos was ranked as the best startup ecosystem in Africa, according to Startup Blink’s 2019 Global Startup Ecosystem Rankings report based on data from 1,000 cities around the world. The report said Lagos has the highest concentration of quality startups and offers enabling environment for business expansion.

The city ranks 99th worldwide ahead of many US cities such as Kansas City, Cleveland, Columbia, and New Orleans; and European cities such as Rome, Lyon, Oslo, Cambridge or Rotterdam; where there are more facilities for innovators and promoters of ICT projects.

Other Nigerian cities (Abuja, Ikeja, Port Harcourt, and Benin City) also appeared in the ranking, between the 380th and 710th places. The capital of Kenya, Nairobi, is the second city with the most dynamic startup ecosystem on the continent, followed by Cape Town in South Africa, Cairo in Egypt, Tunis in Tunisia and Kigali in Rwanda.

The ranking also analyses the number of startups in 100 countries in the world. And, on this aspect, although Lagos is the leading city in Africa in terms of best startup ecosystem, South Africa is the country with the highest number of startups on the continent. It is followed by Kenya, Nigeria, and Egypt. In total, 14 African nations appear in this top 100 ranking.

On the same topic
(GSMA)-MWC25 Kigali, the African continent's largest and most influential connectivity event, will return on 21- 23 October with a dynamic agenda...
Kampala delegation visits Addis Ababa for talks on tech cooperation Discussions cover smart cities, digital payments, infrastructure and...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—but infrastructure gaps and talent shortages could...
Congo and Angola agree on technical rules for managing seven frequency bands along their 231 km border. The agreement includes limiting signal coverage...
Most Read
01

• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...

BCEAO to Roll Out New Platform for 24/7 Instant Transfers in West Africa
02

Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...

Burkina Faso Launches Plan to Renew and Expand Mango Plantations
03

Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...

Starlink's Kenyan Setback: 2,000 Users Lost in Q1 2025 Amid Rising Local Competition
04

President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capi...

Nigeria enacts 2025 insurance reform law to boost sector growth
05

Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...

Nigeria's Wealth Shift: Abdul Samad Rabiu Overtakes Aliko Dangote as the Richest Man on NGX
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.