If you are interested in working with us to drive global attention to your ecosystem, please contact Adam Bregu, Director of Business Development and Partnerships ([email protected]). The Global Startup Ecosystem Ranking Report by StartupBlink was used in bringing up the names of these cities in Africa. Digital entrepreneurship has given the tech sector a boost: creating jobs, providing customers with innovative services and providing new streams of revenue. A recently enacted bill aims to ensure locals have a stake in any technology startups launching in Kenya. African currently holds just 0.02% of the global startup ecosystem value of $3.8 trillion, which translates to just $6.6 billion, and Uganda's share in this figure is even much less. Report this Page. Africa: Despite Covid-19, startups raised $4bn in 2021 The round was led by U.S.-based Harlem Capital. Understanding Kenya's startup bill 2020 and what's in for startups. Kenya's startup ecosystem projected to grow threefold in ... The Kenyan Parliament recently published the Startup Bill 2020 to encourage the creation of new businesses for local and foreign investors. Overall, Nairobi's startup ecosystem is well-positioned relative to the region. And this has long been an impediment to the startup ecosystem in Nigeria, regardless of the significant growth the sector has recorded in recent years. Kenya: startup ecosystem index 2021 | Statista The best from the Kenya finals will go on to . End date. Even parliament and the government acknowledge that there is something seriously wrong with the demographic profile of the Kenyan startup ecosystem. The effectiveness of this approach is questionable, but its signaling is crystal clear. Israel's development into a high-quality ecosystem is brought forth by a hub of a vibrant community of startups and innovations. , Nov 11, 2021. Lagos overtakes Nairobi, Kenya as Africa's top Startup ... Kenya has a vibrant ecosystem, a great culture of innovation and there are clear opportunities for win-win partnerships across various areas whether fintech, health-tech, ed-tech. Startup Universal | Kenya Startup Ecosystem Country Guide. The United Arab Emirates ranked second in the region, followed by South Africa, Kenya, and Nigeria closing out the top five. The StartupBlink. This is according to the Global Startup Ecosystem Index 2021 which was released by StartupBlink. #WecheManyien #LolweTVFollow Lolwe Tv:FB: Lolwe Tv TWI: @lolwetvIG: lolwetvWebsite: www.lolwe.tvContact us: info@lolwe.tv The Great Debate: Why Rwanda may be the Best Country to ... One of the goals of innovating is to establish startups that are scalable and sustainable. Description. . Driving Kenya's Development Through Start-Up Ecosystem ... Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million seed, the company confirmed to TechCrunch . Address: PayGo Energy Limited, 4th floor, Bishop Magua Centre George Padmore Ln Nairobi, Kenya. Kenya's Senate Introduces the Startup Bill 2020 - Bowmans Bernard Chiira, Chairman of The Association of Startup & SME Enablers in Kenya (ASSEK) points out that the Kenyan startup ecosystem will have to invest in new trust models, workplace rules to compensate for lack of physical . REUTERS/Temilade Adelaja. Although Nigeria currently has the highest number of startups in Africa, the country ranks below the likes of South Africa, Kenya and Tunisia when it comes to business friendliness. Understanding Kenya's startup bill 2020 and what's in for ... The Kenya startup ecosystem is often described as a one of the hottes in Africa, alongside South Africa, Nigeria and Ghana. This is the largest amount of funding ever achieved by a single country. Published by Statista Research Department , Nov 11, 2021. Kenya startup ecosystem: welcome to the land of mobile money; Kenya's lesson on innovation to Africa - From hack schools to long-term capability building; Real-time stock price for African farmers: a case study of connected agriculture with M-Farm in Kenya; A exploration of startups and innovation in Kenya with Mbwana Alliy Key Trends and Metrics with Regards to the African Startup Ecosystem Top 10 News / January 21, 2021 January 21, 2021 / 2 minutes of reading 2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money, from more investors, than ever before. Digital entrepreneurship has given the tech sector a boost: creating jobs, providing customers with innovative services and providing new streams of revenue. 83. Both Kenya and the UK have to think through a long-term perspective to build and work together. This was revealed during the Association of StartUp and SME Enablers of Kenya (ASSEK) annual conference held on . Status report on Kenyan startup scene. The Startup Ecosystem in Nairobi; A mobile evolution is taking place in the city of Nairobi. And Tunisia completes the top five at number 77 as Egypt drops to 81. Startup Guide Nairobi is spread across 180 pages and makes for an informative read, with profiles of founders, co-working spaces, incubators, and other ecosystem players. Working with various partners KeNIA was set up to support the startup ecosystem by forging more collaboration between . The UK Kenya Tech Hub, Briter Bridges and the Association of Start-Up and SME Enablers of Kenya (ASSEK) announced a tripartite agreement to develop a platform that will centralise the information and efforts around the innovation ecosystem in Kenya. The Rwandan edition of the Great Debate is part of a larger series of articles that explores startup ecosystems in the nine 2020 MEST Africa Challenge markets, also including Kenya, South Africa . Construction of Konza Techno City, a $14.5-million project dubbed "Silicon Savannah" is expected to further positively impact the country's tech startup ecosystem. StartupBlink is the world's most comprehensive startup ecosystem map and research centre, working to uncover the momentum of startup ecosystems globally and to accelerate their growth. These ten years have been marked by a unique absence of government intervention. NAIROBI, Kenya, Nov 29 - Kenya's startup ecosystem is projected to grow from USD 3 billion to USD 10 billion in 2022 retaining its position as a leader for VC investment in Africa. Though uncertain, the startup scene is seen to be a little over 10 years. Startup Savanna connects the Kenyan ecosystem to international experts, investment, and support infrastructure, contributing to job creation, business growth, and sustainability. Of this amount, $6 billion is concentrated in five cities: Cape Town, Lagos, Johannesburg, Nairobi, and Accra. The collaboration will also leverage a digital platform which will operate as a one-stop-shop . Apparently from nowhere, Egypt is on the radar as a key African startup funding vacation location, highlighting the prospects for continental train of the nascent sector. The two organisations will provide technical guidance around accuracy of innovation and . Israel's Startup Ecosystem. Startup ecosystem index score in Nigeria 2021. The challenge I see is with all partnerships, they take time to build. It noted that Kenya's government has been involved in startup ecosystem development since 2013, with the launch of Konzo Techno City, a tech park project built outside of Nairobi. Startup Genome does not yet work with a Member to showcase this ecosystem. Africa: Despite Covid-19, startups raised $4bn in 2021. Both Kenya and the UK have to think through a long-term perspective to build and work together. The startup Kenya track focuses on startups, from across the country, aiming to showcase and link the most promising startups to investors and funders; provide linkages and information on ecosystem support available to startups. The challenge I see is with all partnerships, they take time to build. Here is a list of some of the best startup cities you can find in Africa: Nairobi, Kenya. It will champion relevant policy engagements on innovations within institutions while promoting practical skills necessary to create . Kenya startup ecosystem: welcome to the land of mobile money; Kenya's lesson on innovation to Africa - From hack schools to long-term capability building; Real-time stock price for African farmers: a case study of connected agriculture with M-Farm in Kenya; A exploration of startups and innovation in Kenya with Mbwana Alliy M-Kopa Solar. The technology start-up ecosystem in Nigeria is one of the fiercest on the continent falling short to South Africa and Kenya. Rate Kenya Startup Ecosystem . Write something here.. To make everything easier, they use a mobile, cashless system to conduct business. This is in line with Kenya National Innovation Agency's mandate of supporting enterprises that emerge from research . Source: The African Tech Startups Funding Report 2020. Kenya Startup Ecosystem: What Is The Next Frontier? Lagos, the commercial capital of Nigeria has overtaken Nairobi, Kenya to become Africa's top startup ecosystem. ︎The StartupBlink StartupBlink is the world's most comprehensive startup ecosystem The combined 19.1 billion Kenyan shillings accounts for 27.3 per cent of the continent's total investment. The starting point of this article is June 2011 and over the months it is becoming extremely clear to me that this will be the next frontier. Kenya dropped ten places from last year to 62, however the shock was Rwanda with a population of 12 million displacing Nigeria as Africa's third-best startup ecosystem at number 65 while Nigeria dropped to is fourth in Africa, but dropping a further 12 spots to 68 globally. They drive high-impact initiatives across AWS to build . Kenya Innovation Week is a flagship innovation forum for the country run by the Kenya National Innovation Agency.It seeks to showcase the innovativeness of Kenyans under which the national priorities of the Big 4 Agenda and Vision 2030 will be advanced. The Startup Ecosystem of Mombasa is ranked at number 756 globally, and shows a positive momentum increasing 756 spots since 2020. Kenya has been in the news for many beautiful reasons. For the first time in the ranking, and completing the top 100, Namibia is ranked 99th, and the vibrant seed ecosystem of Ethiopia is ranked 100th globally. In Africa, it's the first deal of the diversity-focused fund that secured $134 million for its second fund earlier this year. Startup Ecosystem Support. South Africa and Kenya still topped Africa's ranking but dropped to 52 and 62 respectively on the global scene. The AWS Startup Business Development team works with startups, accelerators and incubators, many early-stage angels, VC investors and scaled startups while navigating cross-AWS and Amazon to enable startups to realize outsized success. M-Kopa is one of the top startups in Kenya that has transitioned 7,50,000 homes and businesses to go solar. Africa's startup ecosystem rebounded in 2021, hauling in a record $4bn before year-end, reflecting a surge of investor interest in the continent's rapidly-growing tech marketplace. End time. "In relegating fintech to a distant second in terms of startup activity, Egypt stands in contrast to its fellow . In particular, Human Capital is a strength for Nairobi given relatively flexible labour regulations, high levels of female participation in the economy, and . While we are only a few weeks later, we continue to receive updates, appreciation, thoughts and further reflections from many involved stakeholders. "The Association of Startup and SMEs Enablers of Kenya (ASSEK) is an association that brings together and represent the interests of organizations supporting the development and growth of startups and SMEs." In fostering the startup and SMEs enablers ecosystem in Kenya, ASSEK seeks to represent all the actors of the Kenyan startup and SMEs […] One of the most compelling aspects of Kenya's rise to startup hub fame is the lack of . Africa's startup ecosystems are worth a total of $6.6 billion. Kenya's SME Landscape 2.1 Kenya: Startup and Innovation Hub in East Africa 2.2 Kenya's Small and Medium Enterprises: Growing Opportunities 2.3 The need for SME Sub-Segmentation 2.4 Identifying critical gaps in the SME Ecosystem Closing the Gap in the 'Missing Middle' Ecosystem 3.1 Finance: The Central Challenge for most SMEs Currency. Last year, Nigeria ranked 56th making it the third-ranked country in Africa just behind South Africa and Kenya. Cancel Send. The project's headquarters are expected to be completed this December. The International Acceleration Process, known as Startup Savanna, is a sub-component under component 1 of the Kenya Industry and Entrepreneurship Project . The rapid rise of the startup ecosystem is correlated to the progressive development and continued maturity of the innovative entrepreneur support community in Kenya consisting mostly of hubs, incubators, accelerators and co working spaces referred herein as "startup intermediaries." To take stock of the growth of the startup ecosystem, the Association of StartUp and SME Enablers of Kenya ( ASSEK) held its second annual conference at the Crowne Plaza . Kenya also ranks at number 1 for startups in Eastern Africa. This year, Rwanda was ranked 65th, displacing Nigeria which ranked 68th as the third-best startup ecosystem. Kenya's startup ecosystem is one of the oldest and most established on the continent. Back then we had nothing in the eco-system and indeed 2011 was the year when new ideas, hubs and communities emerged. This is one of the major findings in the Global Start-up Ecosystem Report 2021 (GSER 2021), compiled by the world-leading policy advisory . The startup ecosystem in Kenya has gained national recognition as a key player in Kenya's realization of a digital economy. Get in touch with us now. The ecosystem of an innovative start-up sector is based on the fluidity of the applicable legislative framework and the lowering of barriers to entry in . Egypt has appeared out of nowhere as a key African startup funding destination, highlighting the prospects for continental growth of the nascent sector. Kenya has a vibrant ecosystem, a great culture of innovation and there are clear opportunities for win-win partnerships across various areas whether fintech, health-tech, ed-tech. Other than Nairobi, Mombasa is the only city in Kenya that was ranked top in the StartupBlink Global Startup Ecosystem Index 2021. Research expert covering Angola, Kenya & Tanzania. Blog. The Startup Ecosystem in Nairobi; A mobile evolution is taking place in the city of Nairobi. Nekesa Were is the Director of Strategy at AfriLabs, a network organization of 240 innovation centers across 48 African countries. Mombasa also ranks at number 2 in Kenya, and 7 in Eastern Africa. StartupAfrica.news is an online platform covering African start-ups news like never before and thus speeding up the African start-up ecosystem and connecting the dots between African entrepreneurs, investors, mentors, events, start-up incubators and accelerators and all major players in the African start-up ecosystem. Kenya's startup ecosystem remains a competitive destination for VC investment in Africa with a growth projected to grow of USD 3 billion this year to USD 10 billion in 2022. She also sits on the boards of Afrilabs and . Nov 19, 2021. Kenya is in the process of adopting startup-specific legislation for the first time after the gazetting of "The Startup Bill, 2020", but how does the process work, and what impact will the Act, once passed, have on the local startup ecosystem? The rapid rise of the startup ecosystem is correlated to the progressive development and continued maturity of the innovative entrepreneur support community in Kenya consisting mostly of hubs, incubators, accelerators and co working spaces referred herein as "startup intermediaries." The capital city of Nairobi is referred to as Silicon Savannah. Browse To Upload Cancel Publish. . National carrier Kenya Airways (KQ) and @iBizAfrica Strathmore University partner for KQ's Fahari Innovation Challenge to create opportunities for youth and use tech innovations to resolve specific problems that affect businesses. Jumia has found it hard to implement payment in advance for its goods. In a recently held KEPSA ICT Sector discussion on the Start-Up Bill, Johnson Sakaja, who is the Senator of Nairobi County emphasized on how vital it is to create a nexus between the . 3. The report ranks Lagos 122nd globally, overtaking Nairobi, Kenya, which now ranks 136th globally. One of the salient features of the Kenya startup ecosystem is the number of expatriates engaging with the ecosystem. Its mobile money system, known as MPesa, is praised, copied, lauded, but it's not the only feature of its startup scene. The Nigerian city of Lagos has become the top African startup ecosystem, ranked 122nd after switching places with Nairobi, Kenya, which now ranks 136th. Silicon Savannah mission to Kenya. The project's headquarters are expected to be completed this December. According . Total startup funding in Kenya by year. Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million seed, the company confirmed to TechCrunch . Discounted Items and/or Services. A brand novel sage monitoring the North African nation startup scene says Egypt now rivals - and even surpasses - more established startup ecosystems adore South Africa, Nigeria and Kenya for ranges of entrepreneurial . Twiga Foods is an e-commerce and agriculture startup that was founded in 2013 and is currently headquartered in Nairobi, Kenya.The company provides a platform that can connect farmers and other produce manufacturers with retailers in urban locations. VC4A data showing indicators of growth. Through the hustle and. Kenya Startup Ecosystem Create New Offer. Previously, she served as Managing Director at the iHub, Kenya's premier hackerspace and innovation hub. In this, they have been able to save $400 million across their entire customer base. The record was previously held by Kenya, when in 2019 the country's . Disrupt Africa dug into the details. Add items or services to this offer Max 100 character. Offer Type Discount Percent Discount Amount. The city performs average or above in all areas, with the notable exception of the Market domain. The Middle East & Africa region has a total of 74 startup ecosystems represented in the global top 1000 cities ranking, spread across 22 nations in the global top 100. "The Nigerian city of Lagos has become the top African start-up ecosystem, ranked 122nd after switching places with Nairobi, Kenya, which now ranks 136th," the report notes. In fostering the startup and SMEs enablers ecosystem in Kenya, ASSEK seeks to represent all the actors of the Kenyan startup and SMEs enablers ecosystem and actively promote the networking among its members, and become the driving force for an entrepreneurial economic breakthrough of Kenya. The team is comprised of founders, builders, venture investors, accelerator professionals, Angels etc. Mombasa is an ideal place to locate for Software and Data, Health and Marketing & Sales startups. The Senate on 14 September 2020 proposed the Start-up Bill (the Bill) for introduction to the Senate that is sure to pique the interest of Kenyan entrepreneurs and investors who have an eye on this region.A link to the Bill is available here.. Kenya startup ecosystem overview The Kenyan startup ecosystem is on the move. "The Kenyan startup ecosystem has experienced rapid growth over the last decade. Under the leadership of Minister Alexander De Croo, as Belgian pioneers, you have engaged with the vibrant startup ecosystem in Nairobi. The report ranks Lagos 122nd globally, overtaking Nairobi, Kenya, which now ranks 136th globally. October 7, 2021. in Tech News. Startups operate in challenging environments, developing unique products or services and bring them to market. To take stock of the growth of the startup ecosystem, the Association of Startup and SME Enablers of Kenya ( ASSEK) held its second annual conference at the Crowne . While we are only a few weeks later, we continue to receive updates, appreciation, thoughts and further reflections from many involved stakeholders. On a daily basis, young Nigerians look for various ways to add value to themselves for survival. There are 2 cities ranked in the top 1,000 in Kenya and the top ranked city in Kenya is Nairobi at 136 globally. Egypt's arrival also introduces new competition to the more well-known startup ecosystems of Nigeria, South Africa, and Kenya. As with most businesse s globally, startups and startup support organizations in Kenya have been forced to adopt remote working. In 2021, Nigeria obtained 1.52 points in the startup ecosystem index, according to data . Although similar plans are already being mulled by Rwanda, Ethiopia and Ghana, a new bill is before Kenya's national parliament, and once approved, the East African country will make history as the number three country in Africa with a Startup Act. For example, 50% of the companies participating in ecosystem support programs secure investment. VC4A research on 1,333 Kenyan ventures registered on VC4A.com in the country shows a clear relationship between venture performance and the support these ventures receive from the Kenya startup ecosystem. Under the leadership of Minister Alexander De Croo, as Belgian pioneers, you have engaged with the vibrant startup ecosystem in Nairobi. People might have different opinions about how they engage with the local founders and the investment dynamics, but still, they offer a substantial strategic advantage to the local ecosystem. Kenya's startup ecosystem remains a competitive destination for VC investment in Africa, with the figure projected to grow from USD 3 Billion this year to USD 10 Billion in 2022. Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million seed, the company confirmed to TechCrunch today.. One of the most compelling aspects of Kenya's rise to startup hub fame is the lack of . Kenya's startup ecosystem is one of the oldest and most established on the continent. 0. GIZ, Make IT in Africa and C4DLab brought together the Kenyan Startup Ecosystem players at the Nairobi Innovation Week to convene Kenya's 1st ever Startup Ecosystem Forum.The forum held on 11th June saw different ecosystem players including startups, enablers, academia, government and investors come together in a joint bid to support the growing ecosystem. 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