{"id":63716,"date":"2025-02-16T17:40:12","date_gmt":"2025-02-16T17:40:12","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/ibm-transfers-africa-business-to-mibb-amid-global-restructuring"},"modified":"2025-03-12T18:29:15","modified_gmt":"2025-03-12T18:29:15","slug":"ibm-transfers-africa-business-to-mibb-amid-global-restructuring","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/ibm-transfers-africa-business-to-mibb-amid-global-restructuring","title":{"rendered":"IBM Transfers Africa Business to MIBB Amid Global Restructuring"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>IBM has announced the transfer of its operations across multiple African markets to MIBB, a Midis Group subsidiary. The transition affects 36 African countries, including major markets like Nigeria and Ghana. The handover takes effect from April 1, 2025, marking a significant change in IBM\u2019s half-century presence across the continent.<\/b><\/p>\n<p>MIBB inherits direct access to IBM\u2019s comprehensive portfolio, including software, hardware, cloud services, and consulting offerings. The Midis Group subsidiary will manage IBM\u2019s existing customer relationships while marketing these services throughout their extensive African network. This arrangement aims to maintain service continuity while potentially expanding market reach.<\/p>\n<p>IBM\u2019s legacy in Nigeria spans over five decades, during which the company established deep roots in critical sectors. Their technology infrastructure and consulting services became fundamental to banking, telecommunications, oil and gas, and government operations. Zenith Bank, among other financial institutions, relied heavily on IBM\u2019s high-end storage and computing solutions.<\/p>\n<p>Recent years have brought increased competition from technology providers like Dell and Huawei, particularly in Nigeria\u2019s banking sector. These companies have steadily expanded their market presence, affecting IBM\u2019s traditional client base. The shift coincides with IBM\u2019s global financial performance changes, including a 2% decline in consulting revenue to $5.18 billion and an 8% drop in infrastructure sales.<\/p>\n<p>Despite these challenges, IBM\u2019s overall financial health shows resilience. The company achieved a 1% revenue increase, reaching $17.55 billion, primarily driven by software sales growth of 10% to $7.92 billion. Their fourth-quarter performance yielded a net income of $2.92 billion, with projections indicating at least 5% revenue growth in 2025 and expected free cash flow of $13.5 billion.<\/p>\n<p>The transfer to MIBB represents a new chapter in Africa\u2019s technology landscape. While IBM steps back from direct operations, their technology and services remain accessible through MIBB\u2019s distribution network. This strategic realignment affects numerous business partnerships and government collaborations across the continent, introducing a new dynamic to Africa\u2019s evolving technology ecosystem.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. IBM has announced the transfer of its operations across multiple African markets to MIBB, a Midis Group subsidiary. The transition affects 36 African countries, including major markets like Nigeria and Ghana. The handover takes effect from April 1, 2025, marking a significant change in IBM\u2019s half-century presence across the continent. MIBB inherits [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":63715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[234],"class_list":["post-63716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IBM Transfers Africa Business to MIBB Amid Global Restructuring - Botswana<\/title>\n<meta name=\"description\" content=\"IBM has announced the transfer of its operations across multiple African markets to MIBB, a Midis Group subsidiary. 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