Ethiopian-based developer marketplace, Gebeya, acquires mother company
Aug 1, 2018
1 min ago
One of Africa’s most elite software talent schools, Gebeya has pulled off an astonishing feat acquiring mother company, CODERS4AFRICA. In the new era, Gebeya will be absorbing CODERS4AFRICA totally within its business model and branding strategy. CODERS4AFRICA has a 3,500 plus network of African developers in six countries, galvanised over the course of seven years. It also has a network of partners across the globe. It has trained thousands of African developers all across the continent, arguably even before most of the existing coding schools in Africa. This is why the full merger of the two companies is expected to be completed before 2018 comes to a close. One part of the deal that remains undisclosed till now is the financial details. Gebeya is now actively making plans to expand into more African countries. Yusuf Bashir, CEO of CODERS4AFRICA is now the CEO of the KAD ICT Hub in Kaduna, Nigeria. Advertisement
Apparently, KAD ICT Hub in Kaduna will utilise the Gebeya Marketplace to provide opportunities for software talent coming out of Nigeria, while further accelerating its growth and fuelling its developer talent pool into its marketplace. “The past few years, we have seen an incredible boost in terms of the growth of tech hubs, capital investment and startups in Africa. However, for a robust and sustainable startup ecosystem, there needs to be three essential components: Entrepreneurs, Capital and Talent,” said Amadou Daffe, CEO of Gebeya, about the acquisition. “If one of these is missing, an imbalance is created and growth is crippled. Gebeya is committed to producing the best tech talent possible to empower startups across Africa.”
Gebeya’s model handles both Ed-tech and employment opportunities for software developers. Thus, since Gebeya and CODERS4AFRICA share the same vision to see Africa becoming the next destination hub for tech talent sourcing, the decision for the acquisition is a no-brainer. Headquartered in Addis Ababa, Ethiopia since September 2016, Gebeya has a presence in Kenya, US and UK, creating a new type of employee market which links highly trained tech professionals with the companies and startups who seek them. In Q2 2018, Nigerian startups raised a total funding of $73.6 million. Download our report to find out more. Got a funding news tip for us? Please fill this form or email email@example.com .