https://www.miningweekly.com

Report heralds Cape Town as Africa’s tech capital

17th August 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

A report commissioned by the Cape Innovation and Technology Initiative (CiTi), Wesgro and the Allan Gray Orbis Foundation – with the support of the Western Cape government – has confirmed that the greater Cape Town area, including Stellenbosch, is Africa’s tech capital.

The report, compiled by Endeavor Insight and titled ‘Evaluation & Network Analysis of the Cape Town-Stellenbosch Tech Sector’ ,was released last week.

“Given South Africa’s current unemployment challenge, the Allan Gray Orbis Foundation believes the study is important . . . to understand the tech entrepreneurial ecosystem in Cape Town, which has a great potential to accelerate meaningful job creation,” Allan Gray Orbis Foundation head of finance and operations Karen Gabriels said.

The report aimed to discover the current state of the Cape tech entrepreneur community and identify where the opportunities for growth lie.

It was based on interviews with 150 local technology entrepreneurs and research into more than 450 local tech founders and their companies in the Cape Town and Stellenbosch areas.

It reveals that the Cape entrepreneurial tech sector is significantly more productive than those in other African cities, employing more than double the people Lagos and Nairobi combined employ, with between 450 and 550 entrepreneurial companies employing 40 000 to 50 000 people.

In comparison, the Lagos and Nairobi tech sectors employ 9 000 and 7 000 people respectively, while a promising 3% of local companies have reached scale, compared with Nairobi’s 1% and 2% in Lagos.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.192s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: