IBM Exits Nigeria, Ghana, and Other Key African Markets

The transition takes effect on April 1, 2025

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IBM is ending direct operations in Nigeria, Ghana, and other key African markets, shifting its regional functions to MIBB, a subsidiary of the Midis Group.

The transition takes effect on April 1, 2025.

Why it matters

IBM has been a major player in Africa’s tech landscape for decades, providing critical infrastructure for banking, telecom, oil and gas, and government services. Its exit marks a significant shift in the region’s enterprise IT market.

The big picture

  • MIBB will market and sell IBM’s software, hardware, cloud, and consulting services across 36 African countries.
  • The company will also take over operations, support, and local customer relationships, IBM told TechCabal.
  • IBM has faced growing competition from Dell and Huawei in Nigeria’s banking sector, leading to a shrinking client base.

By the numbers

  • IBM’s consulting revenue dropped 2% in 2024 to $5.18 billion, while infrastructure sales fell 8%.
  • Despite these challenges, software sales grew 10% to $7.92 billion, pushing total revenue up 1% to $17.55 billion.
  • IBM expects at least 5% revenue growth in 2025, backed by $13.5 billion in projected free cash flow.

What’s next

While the transition to MIBB could expand access to IBM’s offerings, uncertainty remains over how local businesses and government agencies will adapt to the shift. The coming months will reveal whether MIBB can maintain IBM’s legacy in Africa’s evolving tech ecosystem.

Source: TechCabal


AI Writer for Tech Labari