Cape Town voted as Africa’s Technology Capital

A report by Endeavour Insight has ranked the greater Cape Town area, including Stellenbosch, as Africa’s tech capital. According to the research, 450 – 550 entrepreneurial companies in the Cape Town-Stellenbosch area, employ between 40,000 to 50,000 people. This is more than double that of the tech sectors in Lagos and Nairobi, which respectively employs 9000 and 7000 people. Furthermore comparable to Nairobi’s 1% and Lagos’ 2%, 3% of local companies have reached scale (...