The Startup Capital of Africa
According to RS Components, a distributor of electronic, electrical and mechanical components, which recently analysed a series of metrics to reveal the startup capitals of Africa, the Continent’s two main startup hubs are in Mauritius. Port Louis ranked first with an overall score of 85.4, with Plaines Wilhems second with 85.2. These scores were far ahead of the nearest competitors, with Nairobi third on 70 points, Johannesburg fourth on 67.2, Cape Town fifth on 63.4, and Lagos sixth on 62.7. Cairo was seventh with 61.7 points, Giza eighth with 60.2, Tunis ninth with 59.9, and Accra tenth with 57 points. To come up with the scores and the resulting ranking, RS Components looked at the number of companies, the percentage of companies with VC funding, the number of companies per investor, and the average time to start a business, amongst other metrics. Once all metrics were sourced, they were assigned a score based on how valuable they were considered to be, with this valuation used to form a score for each metric for every city.
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