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Nairobi is the leading Fintech ecosystem city in Africa according to the 2021 Global Fintech Rankings published on 8th July 2021 in which it jumped 26 places to the 37th position globally beating both Lagos and Accra[1]. Kenya’s President, His Excellency Uhuru Kenya stated at a UK summit that “Nairobi International Financial Centre (NIFC) has come of age to be the leading financial hub on the continent”[2]. Kenya is making a major incursion to position itself as the financial hub of Africa on the back of its fintech advantage as President Uhuru Kenyatta signed a $184 million deal with Dominic Raab, Secretary of State for Foreign, Commonwealth and Development Affairs and First Secretary of State of the UK during his three-day official visit to that country[3]. Kenya’s leadership of the Fintech world in African gives it the impetus to be an international …
Nigeria’s technology Co-creation Hub (CcHUB), has taken total ownership of Kenya’s iHub for an undisclosed fee. The deal will see iHub’s team become part of CcHUB’s wider central support and strategy network, whilst retaining its name and senior management structure.
This is the second change of ownership for iHub which was in 2017 acquired by venture capital firm BSP Fund LLC.
An industry first for the African tech hub community, the acquisition of East Africa’s most prolific and reputable technology centre is the next step for CcHUB as it continues its mission to connect entrepreneurs, technologists and public bodies across the continent.
The move comes just seven months after CcHUB expanded into Kigali, Rwanda, with the launch of its Design Lab – the first creative space in Africa to focus solely on product design and technology innovation.
iHub, launched in 2010, is home to internationally-recognized companies such as BRCK and …