Algeria is the second largest African country with the most active startups in 2023

The Startup Ranking site recently published its global ranking of emerging companies, so-called “startups”. The results show an impressive performance by Algeria, which took it to the top of the African rankings.

Algeria is the second largest African country with the most active startups in 2023

Classification ” Startup ranking » evaluates young companies starting in innovative industries at an international level based on their ecosystem based on their activities, their expertise and the services they offer. This analysis made it possible to create an index of countries where the business environment is most favorable.

The Startup Ranking ranks countries by the number of active startups founded to date and has created an index to identify the countries where modern entrepreneurship is most valued and encouraged.

In Africa, it is Nigerians who are winning with a total of 803 active startups. While Algeria is not far behind with 800 active emerging companies. Egypt is third in the African ranking with a total of 629 startups, while South Africa is in fourth place with 489 startups.

READ ALSO: Crime Index: How does Algeria fare in 2023?

Algeria’s recognition as Africa’s second largest player in the start-up sector is the result of ongoing efforts to promote innovation and entrepreneurship in the country.

Which country has the most startups in the world?

Globally, the United States is the undisputed leader with 76,578 emerging companies, underlining its dynamic ecosystem. This is followed by India, the United Kingdom, Canada, Australia, Indonesia, Germany, France, Spain, Brazil and Singapore, all among the top ten countries worldwide.

READ ALSO: Choiseul Rankings 2023: 4 Algerians among top 100 young African leaders

For its part, Algeria is ranked 18th in the world. This success strengthens our country’s position on the international stage and paves the way for new opportunities for growth and collaboration in the new business and technology sector. It also shows the growing importance of innovation as the country’s economic engine.

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