The Startup Ecosystem of Mogadishu
Home to 62% of Somalia’s startups, Mogadishu has a vibrant startup ecosystem that is ranked 663 in the world.
CITY RANKING
In 2024, the startup scene of Mogadishu shows much promise after advancing in the Global Ecosystem Index by 15 spots.
National Ranking
In Somalia
Regional Ranking
In Eastern Africa
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Mogadishu, the capital city of Somalia, is an emerging startup ecosystem fueled by renewable energy potential and numerous initiatives. With the highest resource potential for onshore wind power in Africa, estimated at 30,000 to 45,000 MW, Mogadishu offers compelling opportunities for sustainable businesses.
The annual Mogadishu Tech Summit brings together innovators, entrepreneurs, investors, and digital enthusiasts to foster innovation and build partnerships. The local chapter of Startup Grind also organizes networking events, connecting aspiring entrepreneurs with successful business leaders.
Private investment is growing in Mogadishu, with Salaam Bank allocating US$5 million to an entrepreneurship fund in collaboration with Hormuud Telecom. The favorable legal framework, as highlighted by the World Bank Group’s foreign investor survey, makes investing in Somalia less challenging for 56% of the private sector.
The public sector plays a supportive role through initiatives like the Somali Resilience Innovation Lab (SomRIL), which develops effective innovations to improve resilience and impact humanitarian interventions. The Ministry of Commerce and Industry has launched the Somali Business Registration System, streamlining company registration processes.
Somalia’s National Development Plan 2020-2024 aims to create an enabling environment for entrepreneurs to thrive. The Foreign Investment Law of 2015 offers favorable incentives to foreign investors, including tax advantages and protections against expropriation.
SomRIL, part of the Global Response Innovation Lab partnership, collaborates with organizations like World Vision and Oxfam to implement innovative solutions for development and resilience.
With abundant renewable energy potential, dynamic tech events, growing private investment, supportive public sector incentives, and initiatives like SomRIL, Mogadishu’s startup ecosystem is poised to grow, attract entrepreneurs and investors, and drive economic development in the region.
Startups
Mogadishu Top Startup Industries
7 startups
3 startups
4 startups
Ecosystem HealthCheck
Mogadishu Ecosystem Health Check
The health check tables allow you to look at the performance Mogadishu has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
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Startup Ecosystem Charts
Startup Funding in Mogadishu2017 - 2024
Startup Funding in Mogadishu 2017 - 2024
From 2022 to 2023, startup funding in Mogadishu has remained stable%. During this period, the number of deals in Mogadishu has remained stable%. Since 2017, total startup funding in Mogadishu exceeded US$ $0.00.
Average Funding in 2023
$0.00
Funding in 2023
$0.00
Deals in 2023
0
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Mogadishu
Global Rank
Mogadishu is ranked within the top 1000 startup ecosystems globally.
Top Industries
Mogadishu’s startups excel particularly in Energy & Environment where it ranks 208 and in Marketing & Sales, and Fintech. Find out more
Top Cities for Startups in Somalia - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 663rd + 15 | 0.273 | 0.180 | 0.043 | 0.050 | |
2nd 0 | 762nd + 80 | 0.204 | 0.076 | 0.090 | 0.038 |
Startups
Notable Startups in Mogadishu
ECOSYSTEM
Why should you join Mogadishu's Startup Ecosystem?
Overview
Within Mogadishu there is an increased attraction for entrepreneurs to set up their startups in industries such as Energy & Environment, Marketing & Sales, Fintech. These three industries represent about 33% of the startups represented on the Startup Ecosystem Map of Mogadishu.
1st
National Rank
8th
Regional Rank
Overview
Mogadishu is Somalia's 1st best startup ecosystem and is ranked 8th in Eastern Africa. With a population of 2M - 10M people, Mogadishu is ranked 663rd in the world. The city has some notable startup success stories including Waafi App.
ECOSYSTEM
Startup Infrastructure in Mogadishu
Coworking Spaces
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