OPay, Flutterwave push Lagos startup ecosystem value to $8billion, biggest in Sub-Saharan Africa – Report 

A new report by policy and advisory research firm Startup Genome has placed Lagos as the regional leader in the Sub-Saharan startup ecosystem in terms of the value of the ecosystem and the amount raised in funding.  

According to the report, the Lagos startup ecosystem calculated using the value of exits and startup valuation from the second quarter of 2020 to 2022 was valued at $8.4 billion.

The city was closely followed by Nairobi and Cape Town with total startups valuation of $7bn and $3bn respectively.