Growing Tech Incubators in Africa
Africa’s technology ecosystems have experienced “incredible growth” as they have rapidly expanded in recent years, with 618 active tech hubs providing “the backbone of Africa’s tech ecosystem,” according to the GSMA. This is a 40% leap over the 442 hubs counted last year, while this ecosystem was “mainly boosted by a torrent of venture funds, development finance, corporate involvement, as well as ever-growing, innovative communities”. An active tech hub is defined as “an organisation currently active with a physical local address, offering facilities and support for tech and digital entrepreneurs”. Research conducted by Briter Bridges and the GSMA Ecosystem Accelerator programme identified an “innovation quadrangle” of Nigeria, SA, Egypt and Kenya. Nigeria and SA are still the most advanced ecosystems, the report found, with 85 and 80 active tech hubs respectively. Lagos is now the top innovative city by number of hubs (40+), while the Western Cape, Gauteng and Durban are the centre of SA’s tech hubs scene.
Become a member
Join the Ecommerce Forum South Africa and benefit from industry insights in South Africa and Africa.
Sign up to newsletter
Sign up to our newsletter and stay informed of the progress we are making at the Ecommerce Forum South Africa with government during Coronavirus.
Leave a Comment
You must be logged in to post a comment.