South Africa – ADvTech acquires majority stake at University of Africa

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By memberservices@staffingindustry.com (Danny Romero)

South African recruitment firm ADvTech (ADH: SJ) has announced the acquisition of a 51% stake in the University of Africa (‘UoA’).

Following the International Finance Corporation’s investment in AdvTech in 2016 to support its expansion strategy, this acquisition represents the company’s first tertiary partnership outside of South Africa.

UoA is a private open distance-learning tertiary institution. Currently serving more than 2,000 students from Zambia, Zimbabwe, Uganda, South Africa and the Democratic Republic of the Congo, UoA aims to become the leading provider of quality distance education throughout Sub-Saharan Africa and beyond.

“Our 51% acquisition of University of Africa will further ADvTECH’s Africa growth strategy, particularly in the area of distance and technology-enabled learning,” ADvTECH Group CEO Roy Douglas said. “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.”

“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,” Tobias Doyer, Vice Chancellor of University of Africa, said.

ADvTECH states that the transaction further consolidates its position in the burgeoning private education sector in line with the group’s continued growth and expansion strategy. With the addition of UoA to the ADvTECH stable, its Tertiary division will now comprise of 10 brands across 26 sites in sub-Saharan Africa.

“We have an ambitious and considered growth and acquisition pipeline over the next year, which will translate into a significant expansion of the private education offering, both on the schools and tertiary front,” Douglas said.

Peter Kriel, General Manager of The Independent Institute of Education (The IIE), which is responsible for ensuring academic excellence at ADvTECH’s tertiary brands, has been appointed to the University of Africa Council. The Institute will help benchmark the University’s degree and diploma programmes against international best practice, thus assisting to ensure academic excellence. It will also advise on future appointments 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.

No further details were disclosed.

Source:: South Africa – ADvTech acquires majority stake at University of Africa

      

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