ABUJA, July 1 (Reuters) – A pan-African education community backed by world investment firm Actis has bought its first university in Nigeria as it seeks to manufacture inroads into Africa’s ultimate economy, its chief executive told Reuters.
Honoris United Universities, majority owned by non-public equity firm Actis, has universities in worldwide locations including Tunisia, Morocco, Mauritius, South Africa, Zimbabwe and Zambia.
CEO Luis Lopez mentioned Honoris closed the deal to rep Nile College in February before the COVID-19 pandemic hit Nigeria. He declined to instruct financial particulars of the acquisition.
Nigeria is the education community’s first entry into West Africa, he added.
Some 1,700 college students bear graduated from Nile, basically based in 2009 within the capital Abuja. It has 3,500 college students who pay tuition costs of around 2.4 million naira ($6,700) each on common per twelve months.
Lopez mentioned Honoris would gape to improve the university’s 113-hectare campus and amplify its scholar irascible to 10,000 inner six years.
“The foremost thing we illustrious is that there is tall quiz for excessive-quality education provided in Nigeria,” he told Reuters.
The pandemic has disrupted studying for varsity students hunting for education at home and in a single other nation.
Honoris has been supporting its college students with digital and distance studying platforms for the past four months as the COVID-19 pandemic disrupt services and products.
Lopez mentioned Honoris would improve Nile’s distance studying and digital capabilities to accommodate college students within the commercial city of Lagos and two other states in northern Nigeria.
$1 = 360.00 naira
Reporting by Chijioke Ohuocha; Editing by Alexis Akwagyiram
and Pravin Char
