ADvTECH Group, Africa’s largest private education provider has announced the acquisition of a 51% stake in the University of Africa (“UoA”).
Following the International Finance Corporation’s (“IFC”) investment in the Group in 2016 to support its expansion strategy, this acquisition represents the Group’s first tertiary partnership outside South Africa.
Commenting on the transaction, ADvTECH Group CEO Roy Douglas said: “Our 51% acquisition of University of Africa will further ADvTECH’s Africa growth strategy, particularly in the area of distance and technology-enabled learning. We share a similar vision for quality education and look forward to helping drive UoA’s vision to become the leading pan-African provider of quality distance education.”
Founded in 2006, the UoA has established a strong brand as a leading distance education provider and has been acknowledged for its role in providing access to quality higher education in rural communities, where access would otherwise be constrained. Students reside across Southern Africa, including Zambia, Zimbabwe, Uganda, the DRC and Swaziland.
Commenting on the patnership, Vice Chancellor of University of Africa, Dr Tobias Doyer said: “Given ADvTECH’s track record and reputation for academic excellence, this collaboration represents an unprecedented opportunity for the growth and expansion of quality private universities in Africa.”
The transaction further consolidates ADvTECH’s leadership position in the burgeoning private education sector in line with the group’s continued growth and expansion strategy.
ADvTECH Ltd is the holding company of The Independent Institute of Education (“IIE”), SA’s largest and most accredited private higher education institution. The IIE’s brands include Vega, Rosebank College, Varsity College and The Design School SA, and its qualifications and graduates are highly sought after in the workplace.
With the addition of the University of Africa to the ADvTECH stable, its tertiary division will now comprise 10 brands across 26 sites in sub-Saharan Africa.
While speaking, General Manager of the IIE, Peter Kriel stated that the IIE will assist to benchmark the UoA’s degree and diploma programmes against international best practice, thus assist to ensure academic excellence. It will also advise on the appointment of qualified and experienced lecturers and academic staff, develop work-focused curricula created in conjunction with industry experts, and assist with teaching and delivery methods that are constantly innovated in line with global advancements.