gallivant:


Why are talking about millionaires? You are a very poor country.

GeneralDae:

I think Nigeria has way more start ups still than South Africa except maybe you are talking of countries with ease of having startups but even at that I doubt Nigeria is behind.
I don't like quoting Statista but even Statista puts total number of startups in Nigeria at 2020 as 3300 while South Africa was a far second at 600.
This year 2022, Nigeria still leads, Egypt is second, Kenya third and South Africa fourth.

Shma2022:

I wonder where this dude gets the energy to spew all these gibberish; when 90% of them are lazy and dumb as hell. They are extremely backward in the social sphere, and with their paltry economy; Kenyans(40%, ) Indians & whites(30%) and other nationalities (20%) carry their burden. They are only left with 10% [60% out of it being wasafi/diamond and nature(diamond, copper, animals)]. Productive population Zero( save the few artists. )
Professional beggars; top of the ladder.

Dude is busy trying to flex muscles with their king. ( with zero minerals, terror boarder, huge dry land and whatnot)
He should be guided

Shma2022:

Yoh. We're in 2022 _ living in a dynamic world. You can lead today, tomorrow you're trailing.
Kenya and south Africa are all in booming seasons. Competition is stiff at the top level.

GeneralDae:

Nigeria still leads today in 2022.

gallivant:


Tanzanians are simply stupid and backward. Must be all that adult breastfeeding. Never seen such a slow society in my life.

Shma2022:

You can also check the startup ecosystem report for 2022 - it's different yes but close to the topic. It's South Africa, Kenya then Nigeria in that order.

Shma2022:

You can also check the startup ecosystem report for 2022 - it's different yes but close to the topic. It's South Africa, Kenya then Nigeria in that order.

GeneralDae:

Data on the first quarter of 2022 shows that majority of the funding has gone to four countries. Nigeria leads the way with $600 million, followed by Kenya with $482 million, South Africa with $228 million, and Egypt with $202 million.

Shma2022:

Ok.

GeneralDae:

Nigeria still leads today in 2022.

Fourpockets:

Yes. However I think we Nigerians need to move away from the classic "fintech" startup.
I saw one news last week of how kuda bank lost over 6 billion naira. Hopefully this is a wake up call to aspiring founders to move away from the fintech space and start something else like games, productivity software wtc

Just40:
Sundays are for family

Kazikazi:
Tanzania is your Europe. It's no longer SA,but it's TZ where u folks are coming to earn your living.

vankelvin:


Aburi?

obaaderemi:
Wow, so Kenya depends on money sent home by Kenyans in tz and the little Indians here still have the enfrontery to bite the fingers that feed them. Shame.

GeneralDae:

Data on the first quarter of 2022 shows that majority of the funding has gone to four countries. Nigeria leads the way with $600 million, followed by Kenya with $482 million, South Africa with $228 million, and Egypt with $202 million.

rvp20182:
Kenya made batteries lands in TEMA - this part of 7 country AfCFTA pilot. This huge window for Intra-Africa trade.
https://www.capitalfm.co.ke/business/2022/09/kenya-begins-trading-under-afcfta-with-locally-made-batteries/

Pilot->Kenya, Cameron, Egypt, Ghana, Rwanda and Tanzania.

GeneralDae:

Nice one there.

rvp20182:
Yes a good start - what needs to happen next - is to complete Trans-Africa highways.
Cairo to Capetown is mostly sorted.
Many others remain.

Fourpockets:


I don't understand, why would anyone want to travel that long distance, it doesn't make sense logically cos of security and it's even expensive.

Fourpockets:


I don't understand, why would anyone want to travel that long distance, it doesn't make sense logically cos of security and it's even expensive.

Fourpockets:


I don't understand, why would anyone want to travel that long distance, it doesn't make sense logically cos of security and it's even expensive.

Fourpockets:


I don't understand, why would anyone want to travel that long distance, it doesn't make sense logically cos of security and it's even expensive.

rvp20182:
The whole idea of building proper highways is to deal with insecurity and expense - otherwise if I want to ship my tea from Kericho to Abuja - I would have to now track or rail it 800kms to Mombasa...have it go round Africa to Lagos port...then all the way on road to Abuja.That is a month at best. But now if there was a road...I would just drive for 5,000kms...that is 5 days of driving...if I drive 1000kms every day...on good proper expressway...this should be vision of Africa...major highways and rail lines. In developed world - trucks are driven from london to germany...from Toronto to Los Angeles...4,000kms in 2-3 days - one should one day drive from Abuja to Nairobi in 2-3 days..

rvp20182:
The whole idea of building proper highways is to deal with insecurity and expense - otherwise if I want to ship my tea from Kericho to Abuja - I would have to now track or rail it 800kms to Mombasa...have it go round Africa to Lagos port...then all the way on road to Abuja.That is a month at best. But now if there was a road...I would just drive for 5,000kms...that is 5 days of driving...if I drive 1000kms every day...on good proper expressway...this should be vision of Africa...major highways and rail lines. In developed world - trucks are driven from london to germany...from Toronto to Los Angeles...4,000kms in 2-3 days - one should one day drive from Abuja to Nairobi in 2-3 days..

Just40:
it will still be cheaper to move goods by sea than by road

Fourpockets:

Nice explanation.
Although I still think security wise, it won't be that easy.
I don't know about other African countries, but a lot of inter state roads in Nigeria are not that safe. Kidnappers regularly operate on those roads

Shma2022:
Leading countries for startups 2022:
South Africa
Nigeria
Kenya
Egypt
Mauritius
Morocco.... In that order.

Figure below were of 2020 - 2021.