Nigeria’s leading technology innovation center, Co-Creation Hub, has acquired Kenya’s iHub for an undisclosed fee. 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 to accelerate the growth of technology innovation and entrepreneurship in Africa. Bosun Tijani, co-founder of CcHUB will now head both locations as Chief Executive Officer. CcHUB has confirmed to TechCrunch that iHub will retain its name and its existing programmes while CcHUB will extend some of theirs to Kenya.
“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,” Tijani says.
The company says the reason behind the acquisition is to continue to build the hub into a well-networked and deeply rooted ecosystem with strategic partnerships and know-how to support African entrepreneurs solving critical issues in a manner that is relevant and scalable.
“We continue to be bullish in our combined efforts in creating hundreds of thousands more opportunities for businesses across Africa,” adds Tijani.
There are well over 618 active technology hubs across Africa, up from 442 in 2018, keen to support the rapidly growing ecosystems springing up across the continent. According to GSMA data, Nigeria continues to lead the way for tech hub presence with Kenya in 4th place.