Top 10 Innovative Cities In Africa, Nairobi Takes Lead

By Soko Directory Team / Published April 7, 2021 | 10:28 am




KEY POINTS

Nairobi is the top city in Africa for innovation and ranks among the top 100 globally.




According to Knight Frank’s Africa Horizons Report 2021/22, Nairobi is the top city in Africa for innovation and ranks among the top 100 globally.

Nairobi ranked ahead of Cape Town which was second, Kampala third with Cairo and Johannesburg at fourth and fifth place respectively.

The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long-term social solutions to their residents, attracting funding, and generating new demand for space.

The research interrogated over 100 data points applied to 29 capital cities from a long list of over 500 cities in Africa to arrive at a unique innovation score.

The three components looked at were innovation activity such as the total number of start-ups; level of innovation funding and innovation infrastructure such as the number of research institutions leading to Nairobi being the stand-out performer.

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The top 10 most innovative cities are:

  1. Nairobi

  2. Cape Town

  3. Kampala

  4. Cairo

  5. Johannesburg

  6. Dar es Salaam

  7. Lagos

  8. Dakar

  9. Accra

  10. Addis Ababa

“Innovation coupled with economic growth will drive the next decade of investment in Africa. Lower risk investors will likely favor cities with above-average innovation scores and a robust economy. These include Cairo, Egypt – the stand-out performer – and Johannesburg, South Africa.

These cities have the greatest potential to remain economically resilient in the long term despite undergoing short-term shocks. Cities that score higher for innovation but have less robust economies will attract those willing to take more risk, such as private equity investors. These cities include Nairobi, Kenya, Cape Town in South Africa, and Kampala, Uganda,” Tilda Mwai, Knight Frank Researcher for Africa notes.

Further, the Africa Horizons Report 2021/2022 states that the move towards innovation has been amplified in the resultant opportunities in asset classes.

Data centers in particular are anticipated to grow. While the markets remain underserved, the main drivers towards the growth of this asset class are the move towards localization of data, rising demographics, and the influx in capital focused on data centers.

In terms of data center capacity, leading markets such as Johannesburg and Nairobi have a total live IT power of 54.9MW and 19.04MW respectively compared to data center hubs such as Dublin and London whose live IT power stands at 795.8MW and 728.25MW respectively.





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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