Afrigather 5 years after its acquisition by CcHub, iHub has moved to a glossy, two-storey headquarters in Nairobi’s upscale Lavington space, a transparent signal of the accelerator’s rising affect in Africa’s tech ecosystem.
iHub’s spacious new workplace in Lavington options an leisure and media hub designed to supply specialised advisory help for movie, tv, and social media professionals. The power additionally contains co-working areas, personal cubicles for calls, convention rooms, and devoted enterprise capital places of work for companies like TLcom and Verod-Kepple Africa Ventures.
“Now we have gone via completely different phases of progress. Transferring right here means we’re scaling up our work and restating our dedication to Kenya. This transfer is a part of our strategic focus and displays our progress section,” Ojoma Ochai, CcHub Managing Director who heads iHub operations, advised TechCabal.
iHub has had a busy 12 months, partnering with telco Safaricom and Spark Accelerator to help startups like Chaptr and Chumz. By means of a partnership with the Mastercard Basis, iHub and CcHub invested $1.2 million in 36 edtech startups.
iHub’s pan-African footprint, with operations in Nigeria, Rwanda, Kenya, and Namibia, permits it to attach and help startups throughout the continent. This collaborative strategy is a cornerstone of CcHub’s technique to drive progress and foster innovation in Africa’s tech ecosystem.
iHub connects its portfolio startups with dilutive and non-dilutive funding, starting from seed to Sequence A investments. By means of its syndicate mannequin, iHub swimming pools buyers’ sources, providing funding devices like loans, grants, and convertible notes. The standard investments vary from $20,000 to $250,000.
Whereas iHub strengthens its presence in Kenya, CcHub can be increasing its footprint throughout Africa. In November, it can launch the Janta TechHub in Togo, a brand new initiative in partnership with the Togolese authorities. This transfer underscores CcHub’s dedication to supporting innovation and entrepreneurship throughout the continent.
“It is going to be a CcHub managed hub – the hub belongs to the federal government of Togo, however we’re going to set it up and run it for them,” Ochai stated.
“All in all, that is a part of our technique to drive progress in Kenya and supply enhanced help to the startup ecosystem and the inventive neighborhood. And that’s actually what the transfer is about,” Ochai stated.
