Healthtech startup Redbird secures US$1.5m investment for expansion to new market

GHANA – Redbird, an Accra-based healthtech startup, has secured US$1.5 million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via the Imperial Venture Fund. According to the startup, the funding will be used to expand Redbird’s business model, operations and to enter new markets. “We’re thrilled to work with Johnson & Johnson Impact Ventures and Newtown Partners. Newtown and Imperial’s expertise in African supply chains, coupled with Johnson & Johnson’s long-standing commitment to improving care for the most vulnerable populations through technology,…

Read More

Lancet Laboratories taps Laborex Kenya boss Mwende Musunga for CEO post

KENYA – Pathologists Lancet Kenya (PLK) has appointed Ms Mwende Musunga as its new Chief Executive Officer, replacing the retiring founding partner and the group managing director Dr Ahmed Kalebi. In a newspaper advertisement, the board of directors disclosed that  will be joining Lancet Group of Laboratories East Africa from June 1. Ms Musunga has been Laborex Kenya Ltd chief executive for the past four years. Dr Kalebi, who founded PLK in 2009 before it was acquired by French and South African partners, announced early this month that he would…

Read More

Insurance companies Hollard Cigna Healthcare and SFA partner to improve healthcare in DRC

DRC – Hollard Cigna Healthcare, an international private medical insurance, has announced a strategic partnership with Société Financière d’Assurance (SFA, Financial Insurance Company) in the Democratic Republic of Congo With this partnership, they aim to ensure easy access to affordable, quality healthcare for local and expat communities. With this partnership, SFA will become one of the main insurance provider of international health insurance in DRC. The partnership between Hollard Cigna Healthcare and SFA signals a new era for healthcare standards in the DRC. Moving forward Hollard Cigna Healthcare is sure…

Read More

Japanese M3 Inc to invest in Africa Health Holdings Ltd to support its expansion plans

AFRICA – M3, Inc., a Tokyo-based medical Web portal, has announced that it will invest Africa Health Holdings Ltd, which operates medical facilities across Ghana, Nigeria and Kenya, via its multi-stage corporate venture fund 1P1Y. Through this investment M3 will work to increase the productivity and sophistication of Africa Health’s facilities and support its expansion plans. M3 will leverage its physician platform and services related to research, clinical trials, office appointment systems, medical site operations management, telemedicine and AI diagnostic technologies to support Africa Health. Created in October 2019, the…

Read More

Global Fund partners with Burkina Faso to launch four new health grants

BURKINA FASO – The Government of Burkina Faso, the Global Fund and health partners strengthened their partnership by launching four new grants to accelerate the end of AIDS, tuberculosis and malaria as epidemics and strengthen health systems. The new grants, worth a total of EUR 205.1 million (US$243.4m), represent a 60% increase from the previous three-year allocation cycle and will cover the 2021-2023 implementation period. To date, the Global Fund has invested EUR 768 million (US$911.4m) in Burkina Faso to support the country’s efforts to fight the three diseases and…

Read More

Fondation CHANEL, Global Funds launch US$1.5m fund to advance women’s health

WEST AFRICA – The Global Fund has signed a new agreement with Fondation CHANEL to set up a US$1.5 million civil society-led fund to strengthen women’s and girls’ engagement in developing health policies, including Global Fund-related processes, in western and central Africa. The new partnership entitled Voix EssentiELLES, which will run three years starting in Senegal, Burkina Faso, and Côte d’Ivoire, aims to address these challenges by supporting women’s and girls’ groups and organizations to increase their engagement in shaping public health programs and policies that address their needs. It will serve…

Read More

Vodacom DRC, Mondia launch maternal health service in DRC

DRC – Vodacom DRC, a communications company, and Mondia, a private mobile technology company driven by innovation, have announce the rollout of the Mum & Baby maternal health service across the Democratic Republic of the Congo (DRC). Mum & Baby is a free-of-charge mobile health intervention service that provides Vodacom DRC subscribers with maternal, neonatal and child health information designed to encourage good health practices amongst pregnant women, mothers, partners and caregivers. Mondia creates Mum & Baby’s tailored content in the local language, and includes expert articles, videos and information-sharing…

Read More

Adjuvant Capital launches US$300m Global Health Technology Fund for medical innovations

AFRICA – Adjuvant Capital, a life sciences investment firm focused on global health, has announced an oversubscribed US$300 million Global Health Technology Fund, focused on accelerating the development of medical innovations for historically overlooked public health challenges. Launched in 2019, Adjuvant’s debut fund will support promising new technologies for indications that the venture capital industry has largely ignored. “Billions of people around the world live under constant assault from diseases like malaria, shigella, hookworm, tuberculosis, and Lassa fever, yet Wall Street and Silicon Valley typically pay little attention to these…

Read More

Life insurer FBNInsurance, Collinson launch health insurance product for critical medical conditions

NIGERIA – FBNInsurance, a life insurer and a member of the SANLAM Group, has partnered with global travel insurer Collinson to launch SmartHealth International, a market specific international health insurance product for critical medical conditions. To address the health insurance gap in the Nigerian market between domestic and international health insurance products, the firms partnered to deliver affordable health insurance products for Nigerian employers, desirous of protecting and giving peace of mind to their employees and families, it stated. “At a time when the demands of even the best of…

Read More

IRC Liberia receives US$17.8m from USAID to support community health program

LIBERIA – International Rescue Committee (IRC) Liberia has received a US$17.8 million grant from the United States Agency for International Development (USAID), to support the government of Liberia’s National Community Health Program. The IRC has been working in Liberia since 1996 and has supported thousands of people whose lives and livelihoods are shattered by conflict and disaster to survive, recover and gain control of their future. Approximately 29% of the Liberian population, and 60% of the rural population live more than 5km from a health facility. With a host of…

Read More