Namibia was awarded the Best Startup Ecosystem in Africa award, confirming the country’s commitment to its entrepreneurship resilience and supportive business environment.
The award, received by the Namibia Investment Promotion and Development Board (NIPDB), recognises the country’s dedication to fostering innovation, cross-continental collaboration and entrepreneurship.
This follows as Namibia’s startup ecosystem registered growth in the Global Startup Ecosystem Index 2023 report. The country jumped three spots to secure its place within the top 90 globally.
According to the report, Namibia is ranked in a highly competitive part of the index, where the gap in score between positions 82nd and 89th is 1%.
“Given its ranking towards the bottom of this group, the opportunity to further improve its ranking next year is optimal,” the report reads.
Namibia also retained its position as the second ranked country in Southern Africa, with a two-spot jump, Namibia is now the ninth best ecosystem in Africa while Windhoek is ranked the 651st ecosystem after an increase of 49 spots globally.
“Regionally, Windhoek climbed by one spot to rank fourth in Southern Africa, overtaking Pretoria, South Africa. Windhoek maintained its rank in Africa at 22nd,” the report reads.
The Global Startup Ecosystem Index 2023 report was conducted by StartUpBlink, a global start up map and research center that works to gain insights about trends affecting the global start up ecosystem.
