Latest news with #2025GlobalTechEcosystemIndex
Business Insider
25-05-2025
- Business
- Business Insider
Top 7 fastest-growing tech cities in Sub-Saharan Africa, 2025
This shift is driven by regional demand for digital solutions, the rise of tech hubs and incubators in African tech cities, investment in digital infrastructure, and innovative entrepreneurship The 2025 Global Tech Ecosystem Index by spotlights 7 Sub-Saharan African cities as "Rising Stars" among the world's fastest-growing tech ecosystems. These cities stand out for their innovative prowess and digital advancements, tailored to meet local and regional demands in their various host nations. Emerging from a vast region of 48 countries, their success demonstrates global recognition and stakeholder trust in their business and entrepreneurial environment. Based on key metrics like venture capital inflows, startup ecosystem value, unicorn creation, and research-university partnerships, the rankings position these 7 cities as leading innovation hubs for startups and business ventures, highlighting the region's robust growth prospects and dynamic business practices across various sectors. Notable cities driving this transformation include Lagos, Nigeria, recognized as the world's fastest-growing tech ecosystem, with a thriving startup scene and significant investment inflows. dealb Nairobi, Kenya, is another innovation and entrepreneurship hub, with a strong focus on fintech, healthtech, and e-commerce. Cape Town, South Africa, also boasts a thriving tech ecosystem, emphasizing fintech, cybersecurity, and artificial intelligence. Additionally, Johannesburg, South Africa, is a major tech hub, with a diverse range of startups and innovation centers. Kampala, Uganda, is also emerging as a key player, with a growing startup scene and increasing investment in digital innovation, cementing these cities' roles as key players in Africa's rapidly evolving technological landscape. Top 7 fastest-growing tech cities in SSA Here's a spotlight on Sub-Saharan Africa's top 7 fastest-growing tech cities in 2025 and the companies driving their growth: Rank Country Tech Companies Sector 1 Lagos, Nigeria Flutterwave , Jumia, OPay, Moniepoint, Paystack, Andela, Paga, Konga, TeamApt, Interswitch, Paymob and Okra. Fintech and E-commerce 2 Johannesburg, South Africa TymeBank, VALR, Ozow (formerly i-Pay), Pineapple, Enko Education,HyperionDev, Showmax, Liquid Telecom Fintech, Entertainment and Telecoms 3 Kampala, Uganda Ensibuuko Technologies, Billbrain Technologies, Jentroy Uganda, KaCyber Technologies, RideOk and SafeBod Fintech, IT services & Consulting, 4 Dakar, Senegal Wave, InTouch, Yobante Express, Sen'Espaces and ICT4D Fintech, Logistics and Delivery 5 Accra, Ghana Nsano, mPharma, ExpressPay, Hubtel and Youper Fintech and E-commerce 6 Nairobi, Kenya Safaricom, M-Pesa, Ushahidi, Kilimall, BitPesa, Spiro and Twiga cHives Fintech, Telecoms and E-commerce 7 Cape Town, South Africa Yoco, Aerobotics, Global Kinetic, Rock8, Luno and OobaPay Fintech and Robotics The 2025 Global Tech Ecosystem Index reflects Africa's accelerating momentum in the global innovation space. From Lagos to Cape Town, it's clear that countries within the sub-saharan are forging their own path, driven by digital ingenuity, entrepreneurial grit, and the energy of a young, determined population. Lagos, ranked as the fastest-growing tech ecosystem globally, exemplifies this shift. Despite economic challenges, Nigeria's tech sector thrives, producing industry leaders like Flutterwave, Interswitch, Jumia, Moniepoint, and OPay, valued at over $1 billion each. Other African cities are also making significant strides. Nairobi excels in fintech and clean energy, Cape Town leads in AI, biotech, and health tech, and Kigali, Kampala, and Dakar are gaining recognition for their inclusive digital ecosystems. These hubs are becoming convergence points for investors, developers, academia, and policymakers, fostering sustainable tech innovation.
Business Insider
24-05-2025
- Business
- Business Insider
3 African cities make list of fastest-growing tech hubs globally
Africa's technological landscape is undergoing a remarkable transformation, with several cities emerging as dynamic hubs of innovation, entrepreneurship, and digital advancement. Africa's technological landscape is rapidly evolving, highlighting key innovation hubs. Lagos is named the world's fastest-growing tech ecosystem according to the 2025 Global Tech Ecosystem Index. The rankings evaluated metrics such as venture capital inflows, startup ecosystem value, and unicorn creation. Johannesburg and Kampala are also recognized for significant advancements in technology and entrepreneurship. According to the 2025 Global Tech Ecosystem Index by three African cities have been recognized among the fastest-growing tech hubs worldwide, highlighting the continent's rising influence in the global technology landscape. The ranking picked Lagos as the world's fastest-growing tech ecosystem, leading the list of African cities making significant progress under the "Rising Stars" category. The report highlights that Lagos secured the top spot globally, having produced five unicorns and grown its ecosystem valuation by 11.6 times since 2017—an impressive feat despite operating within a relatively smaller economy. Similarly, Johannesburg (South Africa) has built a reputation as a financial and technological hub in Southern Africa, leveraging its advanced infrastructure and business-friendly environment to attract startups and investors alike. Meanwhile, Kampala's (Uganda) inclusion reflects East Africa's rising momentum in digital innovation, driven by increased mobile connectivity, fintech growth, and supportive policy shifts. The rankings were based on key metrics including venture capital inflows, startup ecosystem value, unicorn creation, and research-university linkages. Here's a spotlight on the top 20 fastest-growing tech cities in 2025. The 2025 Global Tech Ecosystem Index reflects Africa's accelerating momentum in the global innovation space. The presence of these cities indicate that the continent is forging its own path, driven by digital ingenuity, entrepreneurial grit, and the energy of a young, determined population. Africa's growing presence in this ranking is a testament to the continent's accelerating digital transformation and its potential to drive inclusive economic development through technology. With Lagos leading the global list at #1, and Johannesburg and Kampala also securing spots in the top 20, African cities are emerging as powerful centers of tech-driven entrepreneurship.
