Download our report here.
2019 Rank: 100
2017 Rank: 100
Startup map of Ethiopia: Here
Our top 100 country rankings close with Ethiopia.
Maintaining the status quo and remaining in the same position as our last ranking, Ethiopia needs to do more to rise up the rankings. The country faces the same issues as other African ecosystems, such as lack of infrastructure and need for better startup-friendly and corporate taxation policies.
Nevertheless, it is worth to mention that Ethiopian startup ecosystem has some important players, like Sheba Valley, a leading hub for AI tech startups, and incubators like Ice Addis and blueMoon. The top startup city, Addis Ababa (at 505th), shows that the ecosystem is slowly developing, and has moved up 290 positions, nearly joining the top 500 club.