In Africa, where conventional sectors appear to be reliant on natural resources, startups provide a means of achieving economic diversification. Africa can become less dependent on resource-based economies and build more resilient economic systems by fostering the growth of new businesses like Fintech, Agritech, Healthtech, and Edtech. Unfortunately, some African cities have been slow to adopt the startup trend.
African cities are ideally positioned to spearhead the continent’s economic change because they are teeming with innovation and opportunity. However, the weak startup environment that exists in some of these urban locations is a major obstacle to achieving this promise.
Poor startup ecosystems can exasperate social and economic disparities owing to the fact that in this era startups have been instrumental in addressing local issues and providing solutions based on what the community wants.
In its absence, many societal concerns that could be tackled remain ignored, and the advantages of economic prosperity are not dispersed equally.
Also, a lack of a proper startup ecosystem creates an innovation gap that can prevent African cities from competing globally.
However, it is important to note that while some cities in Africa are unconducive for Startups, The Global Startup Ecosystem Index 2024 report by Startup Blink shows that several African regions are quickly becoming globally recognized tech hubs.
The report also reveals that there are a good number of African cities that rank in the top 20% of the world’s leading Startup ecosystems globally.
Nonetheless, there are African cities that fall at the bottom 20% of Startup ecosystems globally, and below are 10 of the lowest in the 1000 global cities ranked.
10 worst African cities for Startups in 2024
Rank
City
Country
Score
Global rank
1.
Kisumu
Kenya
0.120
985th
2.
Douala
Cameroon
0.133
943rd
3.
Cotonou
Benin
0.133
942nd
4.
Agadir
Morocco
0.152
886th
5.
Kinshasa
Democratic Republic of the Congo
0.154
878th
6.
Kano
Nigeria
0.159
867th
7.
Rabat
Morocco
0.177
818th
8.
Yaounde
Cameroon
0.198
778th
9.
Port Harcourt
Nigeria
0.203
768th
10.
Hargeisa
Somalia
0.204
762nd
Source link : https://africa.businessinsider.com/local/markets/10-worst-african-cities-for-startups-in-2024/twrcs7d
Author :
Publish date : 2024-06-11 16:30:43
Copyright for syndicated content belongs to the linked Source.