As the South African-born web hosting company HOSTAFRICA continues to grow, it has acquired webmanager.ng, one of Nigeria's fastest-growing web hosting providers.

The business announced the move yesterday, stating that it is HOSTAFRICA's fourth investment in the vibrant West African region, which it believes has potential due to a thriving innovation environment and increasing use of the internet.

“It is an opportunity to contribute to their vision of driving growth in Africa," said Kizito Ibeh, CEO and Founder of Webmanager.ng

This acquisition, according to HOSTAFRICA, it aligns with its desire to empower individuals and businesses across Africa with advanced hosting solutions that will enable businesses to compete in the global economy.

"Growth and expansion have always been at the heart of our journey to empower users," said Michael Osterloh, CEO and co-founder of HOSTAFRICA. "This acquisition milestone solidifies our leadership position in the West African market."

According to the company, Nigeria is central to HOSTAFRICA’s growth strategy, as the country has huge potential with a projected 19.52% increase in web hosting industry revenue for 2024.

It added: “The acquisition positions HOSTAFRICA to meet the rising demand for web hosting, driven by Nigeria's expanding e-commerce market and tech-savvy population.