Lagos has emerged as the best startup’s ecosystem in Africa. According to StartupBlink’s 2019 Global Startup Ecosystem Rankings report that analyses startup ecosystems in 1,000 cities and 100 countries, Lagos has the best startup ecosystem in Africa, followed by Nairobi and Cape Town. According to the report, since 2007, Kenya’s startup ecosystem has been revolutionising mobile payments with such startups as m-Pesa. Kenya is now very close to overtaking South Africa as the highest ranked African country, and now ranks at 52nd. South Africa is still the highest ranked African country, but is no longer in the top 50 club after dropping 13 spots.

Source: The Guardian January 29, 2020 04:41 UTC