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Co-creation Hub lifts East African profile with iHub acquisition

 Co-creation Hub lifts East African profile with iHub acquisition

Nigeria's co-creation Hub (CcHUB) has acquired Kenya's iHub for an undisclosed fee.

According to a statement issued to the media, the deal will see iHub's team incorporated into CcHUB's wider central support and strategy network, whilst retaining its name and senior management structure.

CcHUB's co-founder Bosun Tijani continues as chief executive officer across both locations and the company intends to recruit within 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," reads an excerpt from the statement.

Described as an industry first for the African tech hub community, the move comes seven months after CcHUB expanded into Kigali, Rwanda, with the launch of its Design Lab.

Tijani says, "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."

"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".

Launched in 2011, and partnered by international companies such as Google for Start-ups, Facebook, Oracle and organisations including Omidyar Network and Ford Foundation, CcHUB is described as Africa's first open living lab and pre-incubation space, home to technologists, social entrepreneurs, government bodies, tech companies, impact investors, among others.

Lagos-based CcHUB claims to have established a community of over 14,000 people and has incubated and provided support to a portfolio of over 120 early-stage ventures.

The company adds that iHub, launched in 2010, is home to companies such as BRCK and Ushahidi, as well as start-ups such as Zayride, Eneza Education, Taimba and Optimetriks and has seen over 500 companies receive business support services, over 100 of which have gone through incubation and accelerator programs.

Nekesa J. Were, managing director at iHub says, "CcHUB has an unrivalled track record of building out a dynamic tech ecosystem which extends past Nigeria. Similar to us, they have been committed to delivering impactful support services, at scale, supporting tech and business communities and driving social capital for economic prosperity in Africa. In short - they share our mission to make businesses and the business environment on the continent, better for all. We are very excited to work with them to support entrepreneurs transforming our communities"

Erik Hersman, chief executive officer of BRCK and founder of iHub adds, "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."

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