Nigeria’s CcHub Acquires Kenya’s iHub To Create Mega Africa Incubator
Written by Ann Brown
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.
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.
“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 Were continues as iHub managing director. And iHub’s existing programs will remain, according to Tijani, but Nigeria’s CcHub will extend to Kenya some of its existing activities in education, healthcare and governance.
Nigeria’s CcHub will also use the iHub addition to expand its investment scope. “We’ll now have access to pipeline in Nigeria, Kenya and Rwanda,” he said.
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 makes us stronger; it gives us a chance to attract greater resources and talent,” he said.
The acquisition joins two of the Africa’s most recognized tech hubs. These innovation spaces, accelerators and incubators — which tally 618 per GSMA stats — have become focal points for startup formation, training and IT activity on the continent.
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.