Ethiopia has made it to the top 100 list of The Global Startup Ecosystem Index 2021. The Global Startup Ecosystem Index by StartupBlink is a comprehensive startup ecosystem ranking of 1000 cities and 100 countries.
Shega is one of the local partners of StartupBlink along with blueMoon, RENEW LLC, Addis Ababa Angels Network & Ibex Frontier. Crunchbase, SEMRush, and Meetup are international data partners.
Ethiopia joined the top 100 countries for the first time in 2021, ranking 100th globally. Ethiopia has jumped 5 spots compared to the year before. Addis Ababa ranked 495th in the cities segment going up 197 spots.
The index stated this growth in ecosystem performance is driven by Ethiopia’s population growth, recent effort to transition to a digital economy, and government’s actions to facilitate ease of doing business.
Other African countries on the top 100 list this year are South Africa, Nigeria, Kenya, Rwanda, Somalia, Mauritius, Ghana, Cape Verde, Namibia, Morocco, Tunisia, and Egypt. This year South Africa joined the top 50 being the highest-ranking African country at 48th place.