₦airaland Forum

IBM Announces Exit from Nigeria and Ghana, Transfers Operations to MIBB

International Business Machines (IBM) has revealed plans to exit Nigeria, Ghana, and other key African markets, transferring its regional operations to MIBB, a subsidiary of the multinational conglomerate Midis Group. The transition will take effect from 1 April 2025 as part of a new operating model in select African countries.

MIBB will assume responsibility for marketing and selling IBM’s range of products and services across 36 African nations. This includes providing direct access to IBM’s software, hardware, cloud solutions, and consulting services. According to an email sent to TechCabal, MIBB will also oversee operations, support, and customer relationships in the region.

IBM has had a significant presence in Nigeria for over five decades, playing a crucial role in the country’s technology landscape. The company provided infrastructure and consulting services to key sectors, including banking, telecommunications, oil and gas, and government. Its high-end storage and computing solutions were especially popular among financial institutions such as Zenith Bank.

However, IBM’s market share in Nigeria has declined in recent years due to growing competition from companies like Dell and Huawei, which have increased their presence in the banking sector.

On the global front, IBM has been facing financial challenges. In 2024, the company reported a 2% drop in consulting revenue, totaling 5.18 billion USD, while infrastructure sales decreased by 8%. Despite this, IBM’s overall revenue increased by 1%, reaching 17.55 billion USD, largely driven by a 10% growth in software sales, which amounted to 7.92 billion USD. The company also posted a net income of 2.92 billion USD for the fourth quarter and expects a minimum of 5% revenue growth in 2025, buoyed by a projected free cash flow of 13.5 billion USD.

IBM’s exit from West Africa marks the end of its direct operations in the region, creating uncertainty about the long-term impact on local businesses and government partnerships. While MIBB’s takeover may offer new opportunities for innovation and support, businesses that rely on IBM’s services will need to adjust to the changes. The full effects of this transition will become clearer in the months ahead as the African technology landscape adapts to the new operational model.

Source: The Bureau Newspaper

So IBM was here!

Who dey pursue them ?

Watch them blame BAT without reading the content of the post

Inflation.. And loss of revenue

Okay. See ya later.

Ok

He did it in Lagos
He tamed the Atlantic Ocean
He turned water into wine
He brought the dead back to life
He brought $100M worth of investments to Lagos

I remember their giant glass building opposite Lagos bar beach in Victoria Island way bay then... Before it was restructured on the unknown grounds...

It is well ooo

Good bye to the few good paying jobs they were providing, now more jobless Africans. Later they will ask “Why japa”. Even companies dey japa 😑 as the country and most of the continent no dey profitable at all.

Ok

The constant thing is change.
I believe IBM have a taken a step that will move their brand forward

Dell and Huawei are welcome.

Replacement dey , shey dem dey mad ni

MisterGrace:
IBM Announces Exit from Nigeria and Ghana, Transfers Operations to MIBB

International Business Machines (IBM) has revealed plans to exit Nigeria, Ghana, and other key African markets, transferring its regional operations to MIBB, a subsidiary of the multinational conglomerate Midis Group. The transition will take effect from 1 April 2025 as part of a new operating model in select African countries.

MIBB will assume responsibility for marketing and selling IBM’s range of products and services across 36 African nations. This includes providing direct access to IBM’s software, hardware, cloud solutions, and consulting services. According to an email sent to TechCabal, MIBB will also oversee operations, support, and customer relationships in the region.

IBM has had a significant presence in Nigeria for over five decades, playing a crucial role in the country’s technology landscape. The company provided infrastructure and consulting services to key sectors, including banking, telecommunications, oil and gas, and government. Its high-end storage and computing solutions were especially popular among financial institutions such as Zenith Bank.

However, IBM’s market share in Nigeria has declined in recent years due to growing competition from companies like Dell and Huawei, which have increased their presence in the banking sector.

On the global front, IBM has been facing financial challenges. In 2024, the company reported a 2% drop in consulting revenue, totaling 5.18 billion USD, while infrastructure sales decreased by 8%. Despite this, IBM’s overall revenue increased by 1%, reaching 17.55 billion USD, largely driven by a 10% growth in software sales, which amounted to 7.92 billion USD. The company also posted a net income of 2.92 billion USD for the fourth quarter and expects a minimum of 5% revenue growth in 2025, buoyed by a projected free cash flow of 13.5 billion USD.

Source: The Bureau Newspaper

IBM has indeed been an OG in the Nigerian tech space since the 1970s. That's one of the major brands we knew back then alongside Rank Xerox. What's going on here is that with increased penetration from savvy competitors such as Huawei and Dell, they have to cut down on overhead costs to stay more globally competitive.

Let them go

Parydelegate:
Watch them blame BAT without reading the content of the post

Illiterates don’t read, all they do is sell hard drugs and babies produced at their baby factories

Not again

zoedew:
So IBM was here!

There office was in VI church gate towers.

Karlovich:
He did it in Lagos
He tamed the Atlantic Ocean
He turned water into wine
He brought the dead back to life
He brought $100M worth of investments to Lagos

There you go, someone predicted that you people won’t read the content of the news

IBM refused to step up her game. Huawei will send more companies packing in the near future

For those quick to respond.

Notice they said every African nation

so this is not presidos fault

Good morning everyone.

Children of hate, frustrations and perdition, have you started dancing 🕺 yet?

Lovers of any negative and bad news against our darling nation.

Na dat bitterness go kee all of una finish

Parydelegate:
Watch them blame BAT without reading the content of the post

Are u a nitwit? Batt resumed office in May, 2023 right so you didn't read where they did report their first 2% loss in 2024? Since 2023 has inflation and the economy inclined or declined ?

Do you drown urself in lies before you sleep?

DuBLINGreenb:
Good bye to the few good paying jobs they were providing, now more jobless Africans. Later they will ask “Why japa”. Even companies dey japa 😑 as the country and most of the continent no dey profitable at all.

Yeppp IBM paid well..... Omoooo we loosing all the best paying companies...... Well its a regional exit, so nothing spoil

Irony1:
There office was in VI church gate towers.

Thanks.

It's not new

Companies have been leaving Nigeria in droves since 2023

What Tpain do not kill does not exist

MisterGrace:
IBM Announces Exit from Nigeria and Ghana, Transfers Operations to MIBB


Source: The Bureau Newspaper

IBM is bowing out of Nigeria and Ghana, handing over operations to MIBB. Why? Competition from brands like Dell and Huawei has been heating up, especially in banking. Plus, IBM’s global struggles aren’t helping. While they still saw some growth in software sales, their consulting and infrastructure sales dropped. Now, MIBB will take over IBM’s services, but how well they handle things remains to be seen. One thing is clear—Africa’s tech landscape is shifting, and businesses relying on IBM will have to adjust.

Karlovich:
He did it in Lagos
He tamed the Atlantic Ocean
He turned water into wine
He brought the dead back to life
He brought $100M worth of investments to Lagos

Na like this your agulu idiot want become president? Na Nigeria cause why they leave Ghana too??All these fan yogo head self!