Co-creation Hub (CcHub), one of the leading technology innovation centres in Nigeria recently announced that it has acquired Kenya’s iHub. iHub is an innovation hub and hackerspace in Kenya. It was founded in 2010 by Erik Hersman. It has now been acquired by Nigerian technology innovation firm CcHub for an undisclosed fee.
CcHub, Technology Innovation Firm Acquires iHub
The acquisition will see the iHubs team become part of CcHub’s wider central support and strategy network. iHub will still retain its name and senior management structure as part of the deal. CcHub’s co-founder Bosun Tijani will be the CEO of the two locations. The Nigerian tech innovation firm will now make key hires in innovation consulting, people management, programme management and community support for iHub. With the acquisition, CcHub is looking 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.
The acquisition falls in line with the firm’s mission to connect entrepreneurs, technologists and public bodies across the continent. This new move comes just seven months after CcHUB expanded into Kigali, Rwanda with the launch of its Design Lab. Design Lab is the first creative space in Africa to focus solely on product design and technology innovation.
CcHub Speaks on the Acquisition
Bosun Tijani, CEO at CcHub spoke about the acquisition of iHub. He talked about how his firm has been a longtime admirer and collaborator of iHub. Tijani talked about the firm’s mandate 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.
He talked about they believe the can achieve all this if they are intentional and proactive in how they scale and grow their reach. He stated that this reach is not just limited to Africa but the whole world. Tijani cited this as the reason for the acquisition of iHub. He stated that they will continue to be bullish in their combined efforts in creating hundreds of thousands of more opportunities for businesses across Africa.
iHub Speaks on the Acquisition
Nekesa J. Were, Managing Director for iHub spoke about the acquisition. She talked about how the firm has been a catalyst for regional tech acceleration and a role model for innovation hubs across emerging markets for 9 years. Were spoke about how CcHub has had an unrivalled track record of building out a dynamic tech ecosystem which extends past Nigeria. She also talked about how they are very similar to her firm. They both share the same to make businesses and the business environment on the continent, better for all. She shared her firm’s excitement to be working with them to support entrepreneurs in transforming our communities.