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IBM exits Nigeria, Ghana, and key African markets in strategic shift

Simon Osuji by Simon Osuji
February 5, 2025
in Business
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IBM exits Nigeria, Ghana, and key African markets in strategic shift
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IBM, the American technology giant, has restructured its operations in 36 African countries, including Nigeria and Ghana, by transferring management to MIBB.

The company will transfer its regional functions to MIBB, a subsidiary of the Midis Group. Starting April 1, 2025, MIBB will take over the responsibility of marketing and selling IBM’s software, hardware, cloud, and consulting services in these regions.

“IBM are partnering with MIBB to launch an alternative operating model, and are still committed to doing business in Africa, this new operating model shows a strong commitment by IBM to a continued focus in Africa. IBM will continue to invest and innovate in Africa, including through the ongoing development of the industry’s most cutting-edge AI and hybrid cloud technology to ensure the success of our clients,” IBM said in a statement.

The tech giant stressed this will not impact the customers’ ability to purchase IBM products and services.

Having operated in Nigeria for over 50 years, IBM has played a crucial role in shaping the country’s technology landscape, offering infrastructure and consulting services to key sectors such as banking, telecommunications, oil and gas, and government.

Additionally, this is not the first time the company has reduced its footprint in Nigeria, as it has previously scaled back operations in response to market challenges.

IBM joins a growing list of technology companies scaling back or exiting Nigeria. For example, last year, Microsoft shut down its Africa Development Centre in Lagos with over 100 engineers.

Aside from tech companies, multinational firms like Kimberly-Clark, Pick n Pay, Diageo, and Holcim have exited Nigeria due to a tough economic environment marked by inflation and low consumer purchasing power​

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