Nigeria, April 20 -- Despite the growth recorded by its startup ecosystem, five African countries performed better than Nigeria in a tech ecosystem of the future ranking report released Monday.

The ranking was conducted by fDi Intelligence, a specialist division of the Financial Times.

According to the report, South Africa took first place overall, and also first place for Economic Potential, Start-Up Status, and Business Friendliness.

It was followed by Kenya that took second place, both overall and in economic potential.

Egypt, Ghana and Tunisia took third, fourth, and fifth places respectively. Nigeria ranked sixth in the 17 overall rankings.

"Despite South Africa and Kenya's tech prowess, Nigeria topped all locations for number o...