Actis-backed group acquires Nigerian university
A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks to make inroads into Africa’s largest economy, its chief executive told Reuters.
Honoris United Universities, majority owned by private equity firm Actis, has universities in countries including Tunisia, Morocco, Mauritius, South Africa, Zimbabwe and Zambia.
CEO Luis Lopez said Honoris closed the deal to acquire Nile University in February before the COVID-19 pandemic hit Nigeria. He declined to disclose financial details of the acquisition.
Nigeria is the education group’s first entry into West Africa, he added.
Some 1,700 students have graduated from Nile, founded in 2009 in the capital Abuja. It has 3,500 students who pay tuition fees of around 2.4 million naira ($6,700) each on average per year.
Lopez said Honoris would look to expand the university’s 113-hectare campus and increase its student base to 10,000 within six years.
“The first thing we noted is that there is big demand for high-quality education provided in Nigeria,” he told Reuters.
The pandemic has disrupted learning for students seeking education at home and abroad.
Honoris has been supporting its students with digital and distance learning platforms for the past four months as the COVID-19 pandemic disrupt services.
Lopez said Honoris would expand Nile’s distance learning and digital capabilities to target students in the commercial city of Lagos and two other states in northern Nigeria. (Text, excluding headlines, courtesy Reuters)
120040 385750Some truly fantastic articles on this site , appreciate it for contribution. 31677
28549 377076hello admin, your web site pages pattern is simple and clean and i like it. Your articles are incredible. Remember to maintain up the good work. Greets.. 436121
488236 21410The truth is and see if the Hcg diet protocol and as a consequence HCG Drops surely are a in fact quick approach to be able to shed pounds; even though the healthy diet has a strong will most likely moreover sizable focus to undertake positive. hcg diet drops 666583
I’m truly enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much
more pleasant for me to come here and visit more often. Did
you hire out a developer to create your theme?
Superb work!
Hello there I am so excited I found your weblog, I really found you by mistake, while I was browsing on Yahoo for something else,
Anyhow I am here now and would just like to say thanks a lot for a fantastic
post and a all round interesting blog (I also love the theme/design), I don’t have time to look over it all
at the moment but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the fantastic job.