Makini School’s South Africa-based parent firm ADvTECH Group has announced full acquisition of Ethiopia’s Flipper International School in a $7.5 million (Sh968.4 million) deal as it seeks to expand its footprint in the East African region.
The transaction comes six years after the Johannesburg Stock Exchange (JSE)-listed firm effected a similar move that saw it take over ownership of Kenya’s Makini high-end group of schools, as well as established the Crawford International School in Tatu City.
