If you look at other places - emerging markets like Vietnam, Thailand - and you have a big startup sector. SMEs are seeded as formally - there is no informal sector. This gives these businesses a bigger chance to survive and thrive. You will have a hard time coming by accurate startup data in Kenya & Sub Sahara - with non-existent seed & venture capital. There is something about subsistence mindset in Africa - business, agriculture, industry, sevices, name it. Folks don't think big - they lack motivation.