Africa’s experiencing a bit of a boom in startup activity right now. What’s driving it? Who’s helping to grow the ecosystem? This graphic explores the topic.
Infographic available from Statfrica
White lines represent the monetary support organizations like Indigo Trust and Infodev are proving to the innovation hubs of the continent which in turn support entrepreneurs with non-monetary services represented by the gray lines. Mentoring, workshops, events, conferences, investor meetings etc. are the types of things these hubs are responsible for organizing. Meanwhile, Local governments have mostly been responsible for enable policy decisions. Can they become direct financiers of entrepreneurs and/or the network of hubs? The fact that this ecosystem has emerged mostly without their intervention certainly presents that opportunity.
For a more in-depth analysis on startup entrepreneurship as a driver of economic growth in Africa download our latest report New African Business.