N e w s

IFC partners with Philips and the Co-op Bank of Kenya in $281m Healthcare deal

The World Bank Group's International Finance Corporation (IFC) has announced collaborations with health technology company Philips and the Co-operative Bank of Kenya to assist small businesses in the health sector in purchasing critical medical equipment and strengthening their response to Covid-19 and other pressing healthcare challenges. The agreement is intended to provide risk-sharing services and assist small companies in obtaining up.... Read more »

Posted on : Thursday , 22nd April 2021

M3 Inc. of Japan to invest in Africa Health Holdings Ltd.

M3, Inc., a medical Web portal headquartered in Tokyo, has announced that its multi-stage corporate venture fund 1P1Y will invest in Africa Health Holdings Ltd, which runs medical facilities in Ghana, Nigeria, and Kenya. M3 will use this investment to improve the effectiveness and complexity of Africa Health's infrastructure, as well as to support its expansion plans. M3 will support Africa Health by leveraging its physician platform and.... Read more »

Posted on : Wednesday , 24th March 2021

Ghana's health startup mPharma launches in Ethiopia

Belayab Pharmaceuticals has signed a franchise agreement to open Haltons Pharmacies in Ethiopia with Ghanaian health tech startup mPharma. Under the terms of the agreement, mPharma will use its technology platforms, expertise, and extensive experience working with hospitals and retail pharmacies across Africa to help Ethiopia achieve universal medical coverage for all of its patients. mPharma and Belayab Pharmaceuticals are preparing.... Read more »

Posted on : Wednesday , 24th March 2021

Investments have turned Tanzania into a medical tourism hub

Investing in specialist care has decreased the number of patients seeking medical attention overseas at exorbitant rates by more than 95%, from 200 to 300 patients a year, to less than 60. Eventually, government attempts to expand spending in the health sector have led the country to draw patients from surrounding nations. The Democratic Republic of Congo (DRC), Comoro, Uganda, Kenya, Malawi, Rwanda and Burundi are some of the neighboring.... Read more »

Posted on : Friday , 12th February 2021

IRCAD to unveil the high-tech surgery centre in Rwanda

In 2018, the government of Rwanda embarked on a new journey to establish an IRCAD centre in Kigali through the Ministry of Health in partnership with IRCAD France, a global institution dedicated to advancing and teaching minimally invasive surgery. By closing the technology and knowledge gap in the field of research and training, the partnership aims to improve and advance surgery in Africa. The IRCAD Africa Center, set to be unveiled.... Read more »

Posted on : Monday , 8th February 2021

French pharma firm Sartorius invests in Tanzania's pharmacy training

Global pharmacy and laboratory equipment provider Sartorius is funding an aid initiative to develop pharmaceutical preparation in Tanzania with a donation of US$104,000 which will go to action medeor, the European medical aid organisation. The organization's initiative addresses young people who, after finishing their education as non-academic pharmacy professionals, will provide healthcare in Tanzania in order to improve the country's.... Read more »

Posted on : Tuesday , 29th December 2020

EIB launches US$60.9m Africa pharmaceutical development program

The European Investment Bank (EIB) has launched the first ever scheme aimed at strengthening the local production of active pharmaceutical ingredients in Africa and increasing the production of pharmaceuticals that are essential for improving public health. The EIB's recent US$60.9 million pharmaceutical investment program, unveiled jointly with the KENUP Foundation, would help eliminate drug import dependence and fix the gaps in the.... Read more »

Posted on : Tuesday , 29th December 2020

Kenyan insurtech startup Turaco secures $2m seed funding

Turaco, a micro-insurtech start-up based in Kenya, has raised $2 million from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and other angel investors in serial seed equity investment. The investment will be used to expand Turaco further and to increase its operations in Sub-Saharan Africa. In addition, the start-up seeks to build its proprietary technologies and to provide opportunities for jobs to.... Read more »

Posted on : Monday , 7th December 2020

Africom Donates Mobile Field Hospital to Kenya Border Police

The Africa Command of the United States Military (AFRICOM) donated a mobile field hospital worth SH173 million and transferred an additional SH131 million in vehicles and training equipment to the Kenya Border Police Unit (BPU). The U.S. Embassy said the new equipment is intended to increase police mobility in border areas, improve weapons capabilities and create training capacity for new officers. The embassy also said that it would.... Read more »

Posted on : Monday , 30th November 2020

Construction of 6 Cancer Treatment Centers Underway - Ministry of Health, Ethiopia

The Ministry of Health in Addis Ababa today announced that six cancer treatment centres are being established in four regions of the country, including Addis Ababa. In her remarks at a media briefing on Breast Cancer Awareness Month, Minister of Health Lia Taddesse said huge efforts need to exert in increasing the level of breast cancer alertness of the community at large. Around 2.1 million cases of breast cancer are registered.... Read more »

Posted on : Friday , 30th October 2020

Swedfund is investing in women's health and self-care in East Africa

Swedfund, the Swedish government development fund, is investing in Kasha Global, whose e-commerce platform provides access to and purchase of contraceptive, menstrual and health care products, both online and offline, for women, primarily in Rwanda and Kenya. The Chief Executive Officer of Swedfund Maria Hakansson said that “In Africa, it is quite common for sexual and reproductive health issues to be taboo and stigmatized. As a.... Read more »

Posted on : Friday , 30th October 2020

China-Africa cooperation continues to flourish as FOCAC marks 20th anniversary

At the turn of the 21st century, China and Africa established what would become one of the world's most vibrant and successful multilateral platforms for international cooperation - the Forum on China-Africa Cooperation (FOCAC). As the forum marks its 20th anniversary this year, it has triumphed over naysayers' pessimism over China-Africa cooperation and carried forward the spirit of jointly building a China-Africa community with a shared.... Read more »

Posted on : Thursday , 15th October 2020



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