Lagos displaces Nairobi as Africa’s top startup city.

Nigeria’s commercial capital, Lagos, has been named Africa’s top startup city, displacing Kenya’s Nairobi which was earlier holding the title.

This is according to the recently released StartupBlink Ecosystem Index Report 2021.

Now ranked 122nd globally, the city takes over from Nairobi which now ranks 136 globally.

Still leading the pack is San Francisco and New York, maintaining their positions from the last rating.

Described as the “supernova” of startup ecosystems, San Francisco scored 328.96, nearly 3 times higher than New York’s 110.77.

The Global Startup Ecosystem Index is built using hundreds of thousands of data points processed by an algorithm that takes into account several dozens of parameters including the number of startups, the size of the domestic market, the ease of doing business amongst others.