Nigeria’s CcHub acquires Kenya’s iHub to create mega Africa incubator
Two of Africa’s powerhouse tech incubators will join forces. Nigerian innovation center and seed-fund CcHub has acquired Nairobi based iHub— CcHub CEO Bosun Tijani confirmed to TechCrunch.
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.
“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.