Gadgets Africa
  • News
    Twitter blocks links to one-week-old rival Threads

    Twitter blocks links to one-week-old rival Threads

    Twitter CEO Yaccarino debunks alleged decline in traffic

    Twitter CEO Yaccarino debunks alleged decline in traffic

    Microsoft to layoff nearly 300 workers

    Microsoft to layoff nearly 300 workers

    Twitch adds Stories features to app

    Twitch adds Stories features to app

    Meta to launch twitter-like ‘threads’ app

    Meta to launch twitter-like ‘threads’ app

    Coinbase shares surges after Cboe names crypto exchange

    Coinbase shares surges after Cboe names crypto exchange

    Tweeps react to Twitter accounts restriction

    Tweeps react to Twitter accounts restriction

    WhatsApp introduces QR-code method for data transfer

    WhatsApp introduces QR-code method for data transfer

    ChitChat: Zambian startup, Mastercard launch encrypted messaging platform

    ChitChat: Zambian startup, Mastercard launch encrypted messaging platform

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

Startup index: Nigeria ranks second in Africa, 61st globally

by Agency Report
June 1, 2022
in Startups
Reading Time: 2 mins read
Startup index: Nigeria ranks second in Africa, 61st globally

Startups

Share on FacebookShare on TwitterShare on Telegram

The Nigerian startup ecosystem has been ranked 61st globally and second in Africa on the Global Startup Ecosystem Index by StartupBlink.

Nigeria displaced Kenya to spot 62 and third in Africa. According to the ranking, South Africa is the highest-ranked African country at 49th and the only African country in the global top 50. Lagos is the highest-ranked African city, and only in the global top 100 on the list.

The Global Startup Ecosystem Index has been updated annually since 2017 and is a comprehensive startup ecosystem ranking of 1000 cities and 100 countries.

The Chief Executive Officer, StartupBlink, Eli David, described 2022 as the year of global startup ecosystem uncertainty which is not necessarily bad since it presents new opportunities and potential exponential growth in sectors and technologies.

The report said, “Nigeria had a fantastic year, climbing two spots to rank 61st globally. It is the highest-ranking country in Western Africa and the second-highest-ranking country in Africa, displacing Kenya which dropped to third in Africa.

“Nigeria ranks fourth in the Middle East and Africa region. Nigeria’s climb is the result of Lagos’ success. Lagos has seen a massive jump of 41 places to 81st globally. It is the first African city to break into the global top 100, a milestone that should be celebrated (we should mention that Lagos already ranked 99th in 2019 but lost this position in 2020).”

The report stated that Lagos is ranked 24th globally in the Foodtech industry and 43rd in eCommerce and retail. It added that Lagos is the only African city to reach the global top 30 for any of the 11 industries.

According to it, Abuja has decreased by seven spots to 473rd but has captured the second position in Nigeria from Ibadan, which lost 308 spots to rank 661st.

The report revealed that the total number of Nigerian cities in the global top 1000 fell from seventh to third, suggesting that Nigerian talent may be moving to Lagos at the expense of other cities. South Africa now has the highest number of ranked cities in the top 1000.

It said, “Our recommendation for policymakers in Nigeria is to strengthen other ecosystems, given the size of the country, and push one more ecosystem towards the top 200.”

Tags: Global Startup Ecosystem Index
ADVERTISEMENT

Related Posts

Buhari enacts startup bill
Startups

Buhari enacts startup bill

by Joy Onuorah
October 19, 2022
LinkedIn on Wednesday published a list of the top 10 innovative Nigerian startups that offer opportunities for job seekers in Nigeria.
Startups

Moove, Piggyvest make LinkedIn’s top 10 Nigerian startups

by Agency Report
September 28, 2022
Fintech startup NowNow raises $13M seed
Startups

Fintech startup NowNow raises $13M seed

by Sam Adeniyi
September 7, 2022
Nigerian startup Pastel announces $5.5m seed raise
Startups

Nigerian startup Pastel announces $5.5m seed raise

by Agency Report
August 15, 2022
Next Post
Password hacking rises by 146.65% in Nigeria –Report

Password hacking rises by 146.65% in Nigeria –Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Nigerian logistics startup, Hytch Africa shuts down operations

Nigerian logistics startup, Hytch Africa shuts down operations

April 28, 2023
US senator vows to ban TikTok

TikTok updates direct message features

January 28, 2023

Trending.

Samsung partners YogiFi to deliver smart TV Yoga experience

Samsung partners YogiFi to deliver smart TV Yoga experience

June 21, 2023
Nigerian fintech, Moniepoint set to acquire PayDay

Nigerian fintech, Moniepoint set to acquire PayDay

March 31, 2023
Amazon's Web Service to invest $13b in India

Amazon’s Web Service to invest $13b in India

May 18, 2023
Musk, Twitter legal battle still on - Judge

Twitter sues Elon Musk to force completion of $44 billion purchase

July 13, 2022
Nigerian startups win $200,000 at Lagos talent show

How global credit crunch will affect tech startups

June 21, 2022
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version