Africa: leading cities for startups 2022

In 2022, according to data provided by StartupBlink, the best city for startups in Africa was Lagos, in Nigeria, with a total score of 8.38 points. The largest city in Africa and an important financial hub for Nigeria and the whole continent, Lagos ranked 81st among 1,000 cities worldwide. Cape Town and Johannesburg, in South Africa, followed as leading cities for startups on the African continent.

Leading cities for startups in Africa in 2022, by total score

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Release date

May 2022

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Region

Africa

Survey time period

2022

Supplementary notes

The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 328.966 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2021 report).

Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem.

Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon.

Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality.

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