South Africa is the top country to launch your start-up compared to Kenya, Ghana, and Nigeria; all which make up the largest recipients of start-up funding in Africa. According to an African start-up competition survey by Timon Capital which analyzed 50 start-ups in the named countries, a start-up CEO in South Africa will earn an income which is more than 5 times that of a Nigerian start-up CEO, and 2 times more than that of a start-up CEO in Kenya. Read more at Quartz Africa.
Dear D -
South Africa has larger actual markets, more mature financial markets, and a robust investment culture. Cape Town Naspers, for example, has a $300 million investment fund which it plans to pour into tech business in South Africa in the next three years. If you want to enterprise or invest in the tech sector, it is crucial to understand the compensation patterns in the industry. As an investor, it will help you model the financial needs of a company. If you are an entrepreneur, information on salaries will help you craft good offers for prospective employees. Want to know how much money goes into remuneration for startups in African countries? Download the entire survey by Timon Capital.