Nigerias innovation center and seed-fund CcHub has acquired Nairobi based iHub, Nigeria’s CcHub CEO Bosun Tijani confirmed to TechCrunch. Two of Africa’s powerhouse tech incubators will join forces.
The purchase amount is undisclosed, but Tijani said CcHub will finance the deal out of its real-estate project to build a new 10-story innovation center to replace its Herbert Macaulay Way building in Lagos.
Details are emerging on how the two entities will operate together, but Tijani noted some degree of autonomy.
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“The names will stay the same…iHub will remain iHub…it is a strong brand…but iHub will be supported from the central CcHub, which will help them strengthen what they do,” he said.
Per the acquisition, Tijani becomes CEO of both organizations, while Nekesa
Nigeria’s CcHub will also use the iHub
Tijani views the arrangement as a boost to the continent’s tech ecosystem. “It strengthens our ability to support innovation. iHub and CcHub…coming together
The acquisition joins two of
There aren’t official rankings for Africa’s most powerful tech hubs, but if there were, CcHub and iHub would arguably be up top. This would be based on the size of their membership networks, volume of tech-related programs, startups incubated, partnerships and global visibility.
Read more at TechCrunch.