Kenya vs Nigeria vs Egypt: Which Country Has the Strongest Startup Ecosystem in 2026?
- Egypt raised $595 million in 2025, marking a 51% growth, supported by strong government initiatives.
- Kenya raised $1 billion in 2025, a 52% increase, primarily focused on climate tech, though funding is concentrated among fewer startups.
- Nigeria's funding dropped to $343 million in 2025, a 17% decline, with economic instability impacting growth despite leading in deal volume.
Egypt's strategic approach to fostering its startup ecosystem through government support and diverse funding options sets a precedent for other African nations. However, the reliance on state involvement raises concerns about sustainability and the need for a more robust private sector role to ensure long-term growth and competitiveness.
