Startup failure rate in Africa 2020, by country

Published by
Saifaddin Galal,
Apr 28, 2023
As of 2020, the average startup failure rate in Africa stood at 54 percent. However, the rate differed across countries. In Ethiopia and Rwanda, 75 percent of the startups ceased operations, while Kenyan startups had a failure rate of 24 percent in the same year.

Startup failure rate in selected African countries as of 2020

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Release date

March 2020

Region

Africa

Survey time period

2020

Number of respondents

500 companies in 35 African countries*

Special properties

startups founded and operated from 2010 to 2018

Supplementary notes

* Total number of respondents participating in the survey.

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