Ethiopia
Africa · Pop. 132.1M
Adjacent ecosystems by EV
Enterprise value · 2016–2025
Ethiopia grew 56.0× since 2016
Combined enterprise value of every tracked startup headquartered in Ethiopia that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Ethiopia stacks up
Peers chosen from the same Africa cluster within ±70% of Ethiopia's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Africa ecosystems — combined view
Top ecosystems in Africa ranked by combined EV. Ethiopia's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | South Africa | $18.8B | 8.2× | 2 | $406.5M | 969 |
| 2 | Nigeria | $18.2B | 12.5× | 6 | $227.5M | 919 |
| 3 | Egypt | $12.3B | 9.6× | 4 | $416.9M | 834 |
| 4 | Kenya | $8.9B | 10.2× | 0 | $269.6M | 520 |
| 5 | Seychelles | $3.1B | — | 1 | $15.8M | 46 |
| 6 | Senegal | $2B | 98.9× | 1 | $13.5M | 52 |
| 7 | Mauritius | $1.9B | 29.4× | 0 | $19.5M | 42 |
| 8 | Ghana | $1.6B | 5.3× | 0 | $146.9M | 193 |
| 9 | Tunisia | $1.1B | 37.2× | 0 | $5.1M | 110 |
| 10 | Rwanda | $705M | 5.8× | 0 | $13.2M | 57 |
| 11 | Morocco | $653.2M | 8.4× | 0 | $20.2M | 146 |
| 16 | Ethiopia | $336M | — | 0 | $5.2M | 47 |
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