In a significant move to expand its presence across Africa, JSE-listed private education provider ADvTECH Group has announced the acquisition of Flipper International School, a well-established Ethiopian school group based in Addis Ababa. The $7.5 million deal brings five campuses and approximately 3,000 students into ADvTECH’s growing portfolio of private education institutions.
ADvTECH CEO Geoff Whyte highlighted the strategic importance of the acquisition, stating, “We are delighted to welcome Flipper International School to the ADvTECH Group as we expand our presence across Africa and further cement our status as the leaders in teaching and learning on the continent.” The funding for this acquisition was raised internally, reflecting ADvTECH’s strong financial position.
Ethiopia’s Growing Demand for Private Education
Founded in 1998 by Ethiopian educators Menna Selamu Bekele and Serkaddis Seifu Yeteshawork, Flipper International School has been a prominent name in Addis Ababa’s education sector. Known for its academic excellence, the school operates five campuses in the Beklobet and Summit areas of the city.
With rapid urbanization straining public education resources in Ethiopia’s capital, the demand for quality private schooling has surged. ADvTECH’s entry into the Ethiopian market comes at a time when private institutions are increasingly seen as critical players in bridging educational gaps.
“As a business, ADvTECH is in a unique position to make a truly meaningful difference to people’s lives and futures. Flipper International School has always been a beacon of academic excellence in the region,” said Whyte. “We look forward, therefore, to applying our resources and expertise to this school and taking it to even greater heights in the years to come.”
Reflections from Flipper’s Co-founder
Menna Selamu Bekele, who co-founded Flipper International School, reflected on the institution’s journey and its transition to ADvTECH. “The creation of Flipper International School was driven by a vision to provide quality education that could adapt to the ever-changing global landscape while staying true to our local ethos,” she stated.
Since its founding, the school has grown into a renowned institution, contributing to both educational development and the local economy by creating job opportunities. Bekele expressed confidence in the future under ADvTECH’s stewardship, saying, “The transition of ownership to ADvTECH is a strategic move to ensure that Flipper International School not only sustains its legacy but also enhances its offerings. This new chapter is not just a continuation of our legacy but an expansion into new realms of possibility.”
Leadership Strengthening at ADvTECH
In related news, ADvTECH has announced the appointment of Hannes Boonzaaier as the designated group chief financial officer and executive director, effective February 1, 2025. This leadership transition is expected to support the group’s continued growth as it pursues further opportunities across the continent.
