Makini School’s parent company, ADVTECH on Tuesday, November 26 announced that it has acquired Flipper International School in Ethiopia.
In a statement, the company announced that it has concluded a Ksh971.3 million agreement to acquire a 100% interest in Flipper International School.
“The ADVTECH Group (ADVTECH) announced today that it has concluded a $7.5mn agreement to acquire a 100% interest in Flipper International School in Addis Ababa, Ethiopia, further reinforcing its position as the leading provider of private education in Africa.
The acquisition will add five schools and approximately 3,000 students to the group’s international portfolio,” part of the statement read.
ADVTECH acquires Flipper International School in Ethiopia
According to Makini School’s parent company, the move aligns with ADVTECH’s Schools Division strategy to expand its footprint in East Africa, catering to the growing demand for private education.
It also marks the group’s second major expansion in the region since 2018, when the company acquired Makini Group of Schools and established Crawford International School, both in Kenya.
ADVTECH Chief Executive Officer (CEO), Geoff Whyte, welcomed the acquisition decision and vowed to uphold Flipper’s founding principles despite the acquisition.
“We are delighted to welcome Flipper International Schools to the ADVTECH Group and remain dedicated to its core values. Furthermore, the acquisition positions us well to grow our presence in the Ethiopian market, as well as expand our scale across the continent,” Whyte said.
About Flipper International Schools
Flipper International Schools was founded in 1998 by Menna Selamu Bekele and Serkaddis Seifu Yeteshawork.
It has earned a reputation for its academic excellence. With support from Saham Group (Saham) and Tana Africa Capital (Tana), the school has achieved significant growth over the last five years, including the development of a state-of-the-art campus in Addis Ababa’s Summit area.
Sharing their thoughts on the acquisition, Menna and Serkaddis said: “We are incredibly proud of what we have built at Flipper International School. Our mission has always been to be a beacon of academic excellence in the region.”
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“We are confident that ADVTECH’s expertise and resources will help the school further enhance the educational experience and growth opportunities for students and staff.”
Flipper International School operates five campuses located in Beklobet, in central Addis Ababa, and Summit, in the eastern part of the city.
About Makini Group of Schools
Makini Group of Schools is a prestigious educational institution in Kenya, founded in 1978 by Dr. Pius Okelo and Dr. Mary Okelo.
Initially starting as a nursery school with just eight children, it has grown significantly over the years and now serves over 3,200 students across multiple campuses.
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Makini Schools offer both the Competency-Based Curriculum (CBC) under the Kenya National Curriculum and the international Cambridge curriculum.
This dual approach ensures that students receive a well-rounded education that prepares them for both local and global opportunities.
In 2018, the school transitioned ownership to the ADvTECH Group, a leading private education provider in Africa.
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