With a business score of 2.58, Nairobi ranked as the best African city for startups in 2021, according to data provided by StartupBlink. Johannesburg and Cape Town followed with 2.31 points each. South Africa ranked first in Africa and 156th worldwide in the quantity ranking. The business score is a mix of business and economic indicators at the national level, discounted for cities that have not reached a critical mass either for quantity or quality scores.
Leading cities for startups in Africa in 2021, by business score
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Business score
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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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StartupBlink. (October 31, 2021). Leading cities for startups in Africa in 2021, by business score [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/
StartupBlink. "Leading cities for startups in Africa in 2021, by business score." Chart. October 31, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/
StartupBlink. (2021). Leading cities for startups in Africa in 2021, by business score. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/
StartupBlink. "Leading Cities for Startups in Africa in 2021, by Business Score." Statista, Statista Inc., 31 Oct 2021, https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/
StartupBlink, Leading cities for startups in Africa in 2021, by business score Statista, https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/ (last visited August 25, 2024)
Leading cities for startups in Africa in 2021, by business score [Graph], StartupBlink, October 31, 2021. [Online]. Available: https://www.statista.com/statistics/1275584/top-cities-for-startups-in-africa-by-business-score/