Honoris United Universities, a private equity-owned pan-African network of private higher education institutions, has acquired Red & Yellow Creative School of Business in South Africa.
Established in 1994, Red & Yellow is a private higher education institution offering courses in creative and design skills; creative production; marketing, advertising and communications; management and leadership; and behavioural science.
Honoris recently acquired Nile University of Nigeria – and Red & Yellow represents the 12th addition to its network of institutions, which now caters to more than 45,000 students across Africa.
Honoris United Universities’ chief executive, Luis Lopez, said: “As we deploy and accelerate our skilling, digital and employability agendas, its leadership in critical creative and digital competencies in marketing, advertising, and communications will significantly add to our future-ready learning experiences across the continent in our member institutions.
“Red & Yellow’s pedagogy encourages the ability to think differently, to challenge accepted wisdoms, and to apply creative problem solving to today’s complex work environment – a timely and relevant academic model for the most in-demand skills of today and tomorrow.”
Founded in 2017, Honoris is owned by Actis, an emerging markets-focused buyout group with around $12 billion of assets under management.
Earlier this month, Honoris announced a series of additions to its leadership team as it sought to expand its footprint across Africa.
The former chief marketing officer at Honoris, Laura Kakon, was promoted to chief growth and strategy officer, while Luis Ramirez-Alonso is moving from interim to permanent chief human resource officer and Pepe Peran is joining the company as chief business development officer, effective 1 September.
Ramirez-Alonso worked at Laureate International Universities in various leadership positions, most recently as vice-president of human resources, prior to joining Honoris.
Peran has also spent over a decade in the higher education sector, focusing on profitable growth, acquisitions and digital transformation, Honoris said in a statement.
The network of universities serves 45,000 students at 60 campuses and learning centres, and via online learning, across 10 African countries. The network includes 12 institutions, including universities, specialised schools, technical and vocational institutes and pure-online platforms. It offers more than 280 degrees, according to its website.
Date published: 6 October 2020