Nigeria’s CcHUB Acquires Kenya’s iHub for Undisclosed Fee

Nigeria’s Co-creation Hub (CcHUB) on Thursday announced the acquisition of Kenya’s iHub for an undisclosed fee. 

As a result of this acquisition, iHub’s team will become part of CcHUB’s wider central support and strategy network while retaining its name and top management structure. CcHUB’s co-founder, Bosun Tijani, will serve as the CEO across both locations.

On Thursday, Tijani described iHub as a world-class community of developers, entrepreneurs, and business people.

“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 said. 

“We continue to be bullish in our combined efforts in creating hundreds of thousands of more opportunities for businesses across Africa,” he added.

Launched in 2010, iHub is home to internationally-recognized companies including BRCK, Ushahidi, and startups likes Eneza Education, Taimba and Optimetriks.

CcHUB will now make key hires in innovation consulting, people management, program management, and community support, as it looks to expand its pan-African network to accelerate the growth of technology innovation and entrepreneurship in the continent.

This is the first time an African technology hub is acquiring another in the continent. The acquisition comes seven months after CcHUB expanded into Rwanda, where it launched Design Lab — a creative space in Africa focusing exclusively on product design and technology innovation.