The Startup Ecosystem of Somalia
Somalia has 2 cities in the top 1000 and is one of Eastern Africa’s best countries for setting up a startup.
COUNTRY RANKING
Somalia’s startup scene remains stable in 2023 on the 98th position, having gained 1 more city in the global top 1000.
Population
Million
Regional Ranking
In Eastern Africa
Global Ranking
Worldwide
In Partnership with
Ecosystem
Startup Ecosystem Overview
Somalia is a surprising example of innovation flourishing under tough economic and geopolitical circumstances. With some stability restored over the last decade, Somalia has a strategic location at the horn of Africa and routes through the Red Sea and Suez Canal.
Although Somalia is still an ecosystem in the seed stage, we were inspired to see how the public sector, local entrepreneurs, and international organizations have worked hard to foster disruptive innovations aimed at solving some of the country’s biggest problems. In particular, women entrepreneurs play an important role in the economy of Somalia, as they own almost half of the businesses. The innovative potential of the country is supported by local and international organizations such as Innovate Ventures, VC4A, and the Response Innovation Labs.
As a country that finds itself on a major transformation path, Somalia has a number of reforms to tackle and several challenges to address. These challenges aren’t only financial but also have to do with building infrastructure and changing both the country’s narrative and mentality when it comes to entrepreneurship. We look forward to seeing how these reforms will be implemented in the coming years and the positive impact they will have on Somalia’s startup scene.
Startups
Somalia Top Startup Industries
19 startups
10 startups
6 startups
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Ecosystem HealthCheck
Somalia Ecosystem Health Check
The health check tables allow you to look at the performance Somalia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Somalia
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Ecosystem
The Startup Ecosystem in Somalia
Global Rank
Somalia is ranked within the top 100 startup ecosystems globally.
Top Industries
Somalia’s startup scene is best represented in Energy & Environment, Software & Data, and in and Fintech.
Top Cities for Startups in Somalia - Ranked by StartupBlink
| 2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 678th + 86 | 0.279 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 842nd new | 0.177 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Somalia
Startups
Successful Energy & Environment startups in Somalia
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