IBM is exiting direct operations in 36 African countries, including Nigeria and Ghana, by transferring its business to MIBB, a subsidiary of Midis Group. This transition, set to take effect from April 1, 2025, marks the end of IBM’s 50-year presence in the region. MIBB will now oversee IBM’s software, hardware, cloud services, and consulting offerings, ensuring continuity for existing customers while potentially expanding market reach.
IBM has been a key technology provider for Nigeria’s banking, telecommunications, oil and gas, and government sectors, with institutions like Zenith Bank relying on its high-end computing solutions. However, increasing competition from Dell and Huawei, especially in banking, has challenged IBM’s dominance.
The move also follows IBM’s global financial shifts, including declining consulting and infrastructure revenues, though the company remains stable with software sales growth and a projected 5% revenue increase in 2025. While IBM is stepping back, its technology will still be available through MIBB’s extensive African network, shaping the continent’s evolving tech landscape.
Read the full news here: Tech in Africa