International Business Machines (IBM) Corporation, an American multinational technology company, has announced plans to exit Nigeria, Ghana, and other key African markets.
According to TechCabal, IBM said in a statement that it is transferring the company’s regional operations to MIBB, a subsidiary of Midis Group, a multinational information technology (IT) and telecommunications conglomerate.
The exit is part of a new operating model IBM is implementing in select African countries, effective April 1, 2025.
IBM did not respond to enquiry on the exit and transfer of operations to MIBB.
Under the new model, MIBB will market and sell IBM’s products and services across 36 African countries while also taking over operations, customer support, and local relationships.
“MIBB will market and sell IBM products and services in 36 African countries, thereby giving MIBB’s sales network direct access to IBM products, services, and support, further boosting innovation and growth in the region,” the company said.
IBM has played a significant role in Africa’s tech industry for decades, providing infrastructure for banking, telecom, oil and gas, and government services.
The company’s exit is coming a month after Holcim, a Swiss building materials company, said plans to exit Nigeria by selling an 83 percent stake in Lafarge to a Chinese firm.
Recall that in October 2024, Pick n Pay, a South African grocery retailer, announced it will leave Nigeria by selling its 51 percent stake in a joint venture.
