The latest edition of the MyAfricanStartUp 100 ranking was published on Wednesday, April 17. It shows clear domination of West African start-ups followed by East African start-ups. For the sectors represented among the startups included in the publication, Fintech, services, and trade took the lead.
MyAfricanStartup.com has just released the second edition of its annual list of 100 innovative African start-ups to invest in. It is an initiative that “aims to increase the visibility of high-potential start-ups among African and international investors”.
According to the authors of the study, this document responds to the rise in investment on the African continent with a strong attractiveness of the Tech sector. “The annual list of 100 African startups responds to the needs of international investors to target those who will be pioneers in innovation and the African private sector in the coming years,” notes a press release introducing the study.
Among these startups to which the ranking gives visibility, we see a strong West African domination. The sub-region is taking nearly 40 places, 17 of which are for Nigeria alone and 11 for Senegal. We will note the contribution of Côte d’Ivoire represented by 5 start-ups or Ghana and its 4 startups. Burkina Faso is also represented by a startup.
West Africa is followed by East Africa, which occupies 24 places. This strong presence of this sub-region can be attributed to the achievements of Kenya, which has placed 16 start-ups on this prestigious list. As for Tanzania (5) and Uganda (3), their presence remains low.
It is also necessary to take into account the strong presence of certain countries such as South Africa (14 places) which alone passes, ahead of North Africa (domination of Tunisia with 4 places) which could not reach 10 places. As for Central Africa, it has fallen back with Cameroon, the only representative of the sub-region, taking two places.
Source: La Tribune Afrique