Makini School’s Parent Company Buys Flipper International School
News reaching our desk indicates that Makini School’s parent company, ADVTECH, has successfully acquired Flipper International School in Ethiopia.
The company announced on Tuesday, November 26, that it had finalized a Ksh971.3 million ($7.5 million) agreement to take 100% ownership of the prestigious institution.
In a statement sent to the newsroom, ADVTECH outlined that this acquisition will add five schools and approximately 3,000 students to its international portfolio. This move reinforces ADVTECH’s position as a leading provider of private education across Africa.
Marketcap has also learned that the acquisition aligns with ADVTECH’s Schools Division strategy, focusing on expanding its presence in East Africa to meet the rising demand for quality private education.
The group has been actively pursuing growth in the region, having acquired the Makini Group of Schools and established Crawford International School in Kenya in 2018.
ADVTECH’s Chief Executive Officer (CEO), Geoff Whyte, shared his enthusiasm about the acquisition, assuring stakeholders that the core values of Flipper International School would remain intact.
“We are delighted to welcome Flipper International Schools to the ADVTECH Group and remain dedicated to its founding principles. Furthermore, the acquisition positions us well to grow our presence in the Ethiopian market and expand our scale across the continent,” Whyte said in the statement.
About Flipper International Schools
Flipper International Schools, founded in 1998 by Menna Selamu Bekele and Serkaddis Seifu Yeteshawork, has become synonymous with academic excellence in Ethiopia. Backed by support from Saham Group and Tana Africa Capital, the institution has achieved remarkable growth over the past five years, including the establishment of a state-of-the-art campus in Addis Ababa’s Summit area.
Commenting on the acquisition, founders Menna and Serkaddis expressed pride in their accomplishments and optimism for the school’s future under ADVTECH.
“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,” they said.
This acquisition marks a significant step in ADVTECH’s strategic expansion across East Africa, further cementing its role as a pioneer in private education on the continent.
