In 2022, South Africa ranked as the best country for startups in Africa, with a business score of 1.34 points, according to data provided by StartupBlink. The business score is a mix of business and economic indicators at the national level. Nigeria, Mauritius, and Kenya followed in the ranking.
Leading countries for startups in Africa in 2022, by business score
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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
StartupBlink. (May 31, 2021). Leading countries for startups in Africa in 2022, by business score [Graph]. In Statista. Retrieved January 03, 2025, from https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/
StartupBlink. "Leading countries for startups in Africa in 2022, by business score." Chart. May 31, 2021. Statista. Accessed January 03, 2025. https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/
StartupBlink. (2021). Leading countries for startups in Africa in 2022, by business score. Statista. Statista Inc.. Accessed: January 03, 2025. https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/
StartupBlink. "Leading Countries for Startups in Africa in 2022, by Business Score." Statista, Statista Inc., 31 May 2021, https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/
StartupBlink, Leading countries for startups in Africa in 2022, by business score Statista, https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/ (last visited January 03, 2025)
Leading countries for startups in Africa in 2022, by business score [Graph], StartupBlink, May 31, 2021. [Online]. Available: https://www.statista.com/statistics/1275573/top-countries-for-startups-in-africa-by-business-score/