Ecosystem Maturity
54 African markets scored by internet penetration, mobile money adoption, accelerator density, startup hub presence, and ATM partner-ready capability supply.
Countries
54
ATM markets tracked
Companies
1,574
verified ATM records
Open to Partnerships
779
partner-ready signals
Hiring + Raising
12
active company signals
Score reflects ecosystem maturity, not ATM research volume
Top scorecards by ecosystem maturity. Browse the country index for every market.
| Rank | Country | Score | Internet | Mobile Money | Accelerators | Signals | Detail | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 🇿🇦 South Africa Southern Africa | 51/100 | 72% | 18% | 65+ | — | 2 | — | Startup hub | Open → |
| 2 | 🇰🇪 Kenya East Africa | 48/100 | 29% | 79% | 48+ | — | 3 | — | Startup hub | Open → |
| 3 | 🇳🇬 Nigeria West Africa | 44/100 | 33% | 35% | 55+ | — | 1 | — | Startup hub | Open → |
| 4 | 🇪🇬 Egypt North Africa | 43/100 | 72% | 8% | 38+ | — | 2 | — | Startup hub | Open → |
| 5 | 🇩🇿 Algeria North Africa | 35/100 | 71% | — | 9+ | 25 | — | — | — | Open → |
| 6 | 🇲🇦 Morocco North Africa | 33/100 | 88% | 7% | 22+ | — | 1 | — | Startup hub | Open → |
| 7 | 🇲🇺 Mauritius East Africa | 33/100 | 76% | — | — | 25 | — | — | — | Open → |
| 8 | 🇨🇲 Cameroon West Africa | 32/100 | 28% | 33% | 12+ | 25 | — | — | — | Open → |
| 9 | 🇱🇾 Libya North Africa | 31/100 | 65% | — | — | 27 | — | — | — | Open → |
| 10 | 🇬🇭 Ghana West Africa | 30/100 | 40% | 56% | 28+ | — | 1 | — | — | Open → |
Showing 10 of 54 countries
Browse all countriesTransparent ingredients — all grounded in external data or ATM partner supply.
Internet penetration
25 ptsWorld Bank WDI — % of population with internet access.
Mobile money adoption
20 ptsGSMA 2024 — % of adults with a mobile money account.
Accelerator density
20 ptsAfriLabs / Briter — count of active accelerators and VC funds.
ATM capability supply
20 ptsPartnership-ready and partner-verified companies in ATM.
Startup hub benchmark
15 ptsStartupBlink 2025 — benchmarked startup hub city presence.
What the score can and cannot tell you.
Good for market entry sequencing
Countries with high internet + mobile money + accelerator density are typically more ready for B2B tech partnerships.
Not a total market size ranking
A country can score lower here but have a large market (e.g., DRC). Cross-reference with GDP and population data.
ATM supply signal is early
Partnership-ready company counts reflect our current research coverage, not the total supplier landscape.
Internet data is 2022–23
World Bank penetration data lags by 1–2 years. Treat as directional, not current state.