ADvTECH bolsters East African schools

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ADvTECH bolsters East African schools

Published Date: 2018-04-04 | Source: Stephen Gunnion | Author: Stephen Gunnion | Comments

ADvTECH bolsters East African schools

The private education group has gained nine schools in Kenya and Uganda through its acquisition of a majority stake in Scholé

ADvTECH has bought Kenyan private schools group Makini for an undisclosed amount, strengthening its presence in the East African market.

The private education and staffing group says Makini has eight schools on four campuses in Nairobi and Kisumu, catering to 3 200 students from kindergarten to Grade 12. The is a result of its acquisition of a majority stake in Scholé, which has managed schools across sub-Saharan Africa since 2012. ADvTECH says it's now put structures in place to expand further across the continent and to explore opportunities with various schools in the region.

Together with Scholé, it says it will also manage Kisubu High School in the Ugandan capital, Kampala, adding a further 900 students to its register.

CEO Roy Douglas said it was important to identify partners who know and understand the local markets, with extensive experience in operating schools throughout East Africa.

"We have been diligent in our investigations to ensure we find the right business partners who can help us sustainably grow our mid-fee offering, to increase access to affordable education in the rest of Africa without compromising on quality or academic excellence," Douglas said.

In the year to December, ADvTECH generated 11% of its revenue outside of South Africa. It is targeting a 30% revenue contribution from its rest of Africa operations by 2020. Last September, it opened its first Crawford International School in Nairobi, its first greenfield development outside of South Africa. Other investments include Gaborone International School in Botswana and the University of Africa in Zambia. in its resourcing division, it says Africa HR Solutions continues to grow strongly as it services operations across the continent.

ADvTECH's shares gained 0.3% to R15.86 yesterday.



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