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Harare the capital city of zimbabwe has a budding startup scene that is slowly gaining momentum the city has a population of over 16 million people and is located in the northeastern part of the country the area has a rich history of entrepreneurship with many locals starting small businesses to make ends meet however the countrys economic struggles have made it difficult for entrepreneurs to thrive despite the challenges there have been some notable technological innovations in the area one such innovation is ecocash a mobile payment system that has revolutionized the way people in zimbabwe conduct financial transactions the system was developed by econet wireless a company headquartered in harare other notable companies founded in the area include zol zimbabwe a leading internet service provider and cassava smartech a technology company that provides a range of services including ridehailing and ecommerce harare is home to several universities including the university of zimbabwe and harare institute of technology however the living wage in the area is low with the minimum wage set at 80 per month the unemployment rate is also high with over 90 of the population working in the informal sector the citys gdp is estimated to be around 35 billion with the majority of the economy driven by agriculture and mining the rate of new companies starting and ending is difficult to determine due to the informal nature of many businesses in the area overall the startup scene in harare is struggling due to the countrys economic challenges however there is hope that with the right support and investment the citys entrepreneurs can overcome these obstacles and thrive
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