New businesses registered — all countries

New businesses registered — Eastern Africa

New businesses registered in Eastern Africa in 2024 — 224,523 companies. Since 2014, the indicator has risen by 178.6%.

2024 224,523 companies +3.86% vs 2023
World rank
Period maximum 224,523 companies2024
Period minimum 80,602 companies2014

Trend over time

2014–2024 · companies

New businesses registered — Eastern Africa, 2014–202450,000100,000150,000200,000250,000201420152016201720182019202020212022202320242014: 80,602 companies2015: 81,354 companies2016: 88,443 companies2017: 122,356 companies2018: 139,599 companies2019: 151,424 companies2020: 154,978 companies2021: 158,983 companies2022: 185,333 companies2023: 216,183 companies2024: 224,523 companies
Change over the period: +143,921 (+178.56%) Average annual rate: 10.79 %
New businesses registered — Eastern Africa, by year Eastern Africa All countries CSV XLSX
Year companies Change Change, %
2024 224,523 +8,340 +3.86%
2023 216,183 +30,850 +16.65%
2022 185,333 +26,350 +16.57%
2021 158,983 +4,005 +2.58%
2020 154,978 +3,554 +2.35%
2019 151,424 +11,825 +8.47%
2018 139,599 +17,243 +14.09%
2017 122,356 +33,913 +38.34%
2016 88,443 +7,089 +8.71%
2015 81,354 +752 +0.93%
2014 80,602

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.