Nigeria's Co-creation Hub (CcHUB), one of the leading technology and innovation hubs in the West African country, has announced that it has acquired Kenya’s iHub, another long running and prominent technology hub in Africa. Based on a statement from CcHub, the iHub team will become part of CcHUB’s wider central support and strategy network, whilst retaining its name and senior management structure.
No details on the acquisition amount or terms were communicated.
“We are long-time admirers and collaborators of iHub - a world-class community of developers, entrepreneurs and business people who have been instrumental in growing Kenya’s extraordinary technology ecosystem," said Bosun Tijani, CEO at CcHub.
Growth of Tech Hubs across Africa
There has undoubtedly been a rise of technology and innovation hubs across Africa. For example, during 2015 there was no less than 120 such Tech Hubs in Africa according to the World Bank but the most recent figures gathered by GSMA Ecosystem Accelerator suggested there are now 442 active tech hubs. This is mostly because Tech Hubs play an important role in providing support and infrastructure and support for the continent's startups and innovators.
Tijani will serve as CEO for both CcHub and iHub.
“CcHUB’s mandate is to build a formidable innovation ecosystem with a deeply rooted network, cultivating strategic partnerships and practical industry know-how that can support entrepreneurs in building thoughtful, relevant and scalable solutions. We believe we can only do this if we are intentional and proactive in how we scale and grow our reach, not only across Africa, but also internationally. This is the reason behind our acquisition of iHub and we continue to be bullish in our combined efforts in creating hundreds of thousands more opportunities for businesses across Africa," added Tijani.
The iHub is arguably one of the first Tech Hubs on the continent and a pioneer in the technology ecosystem. Launched in 2010, it has produced some notable companies such as BRCK and Ushahidi, as well as start-ups such as Zayride, Eneza Education, Taimba and Optimetriks. It has also seen over 500 companies receive business support services, 100+ of which have gone through incubation and accelerator programs.
As part of the acquisition, CcHUB will now make key hires in innovation consulting, people management, programme management and community support, as it looks to strengthen its pan-African network and mobilise its far-reaching resources, network and relationships to accelerate the growth of technology innovation and entrepreneurship in Africa.
"Bosun and I have known each other since the beginnings of the tech hub explosion across Africa, and we’ve always made sure that the CcHUB and iHub had a good relationship. A decade later, it’s exciting to see the evolution of the space, and to have two of the largest and most impactful hubs consolidate and provide an even larger target for the tech communities they represent, as well as the businesses, investors and media who work so closely inside the ecosystem," said Erik Hersman, CEO and founder of iHub.Share this via: