South Africa’s city of Cape Town is apparently the most productive tech city on the continent of Africa.
That is according to a report commissioned by the Allan Gray Orbis Foundation, Wesgro, and the Cape Innovation & Technology Initiative (CiTi). The report says that the tech sector in Cape Town employers between 40,000 to 50,000 people, who are all employed by entrepreneurial ventures within and around the City.
The report titled ‘Evaluation & Network Analysis of the Cape Town-Stellenbosch Tech Sector‘ was conducted by Endeavor Insights and aimed at mapping out the current state of tech entrepreneurship landscape in Cape Town. The report also unearthed various untapped tech entrepreneurship reports in the City.
According to the report, the tech entrepreneurship scene in Cape Town employs more than double the number of people the sector employs in Lagos and Nairobi combined. The City has between 450-500 entrepreneurial companies, all of which employ about 40,000 – 50,000 people. While the tech entrepreneurial sector in Lagos and Nairobi employes just 9,000 and 7,000 people.
Apparently, three percent of tech companies in Cape Town have reached scale, compared to just one percent in …read more