Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School.
Flipper International School operates five campuses located in Beklobet, in central Addis Ababa, and Summit, in the eastern part of the city.It was founded in 1998 by Menna Selamu Bekele and Serkaddis Seifu Yeteshawork.The acquisition will add to ADvTECH’s international portfolio five more schools and approximately 3000 students.
“As Addis Ababa experiences rapid urbanization, the demand for high-quality education has grown significantly, presenting ADvTECH with an ideal opportunity to diversify its portfolio and expand into a promising new market,” ADvTECH CEO Geoff Whyte said.
“The acquisition positions us well to grow our presence in the Ethiopian market, as well as expand our scale across the continent,” he added.
The move 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.
“With this milestone, Flipper International Schools will have access to expertise and support in Academics, IT, HR, Properties and Legal to mention a few,” Horace Mpanza, ADvTECH Regional Managing Director responsible for Makini Schools in Kenya, Gaborone International School in Botswana, and now Flipper International Schools, said.