Insurtech startup mTek secures US$3m investment from Finclusion Group

KENYA – mTek, an insurtech startup, has secured an additional US$3 million investment through both debt and equity from African-focused fintech platform, Finclusion Group. The startup had secured US$1.50 million (KSh170 million) investment from TrustGro- a non-deposit taking microfinance company to support the startup operations which primarily allows Kenyans access to paperless insurance products by partnering with local underwriters. The…

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SA startup Root links with Andela and Momentum Health for digital health insurance solutions

SOUTH AFRICA – Cape Town-based digital insurance startup Root has teamed up with Andela, the global network for remote engineering talent, and financial services company Momentum Health Solutions to ensures Andela’s clients access the best health insurance cover options in South Africa. The global engineering network Andela was launched in Nigeria in 2014 to help companies to build remote engineering…

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Insurtech startup Nice Deer raises US$1m in pre seed round from DisrupTech Ventures

EGYPT – Nice Deer, an insurtech startup bringing innovative health insurance solutions to the Egyptian market, raised US$1 million in a pre-seed funding round led by DisrupTech Ventures. Established in early 2022 and currently operating in Egypt, Nice Deer aims to bridge the gap between healthcare providers, health insurance companies, and health insurance beneficiaries by facilitating insurance and repayment of…

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Egyptian health and wellness platform Esaal raises US$1.7M to scale operations

EGYPT – Esaal, one of the largest technology platforms for online health and wellness consultations in the MENA region, has completed the final tranche of its US$1.7M seed funding round. The seed round led by A15 brings the company’s total investment to date to US$3M since being founded in 2018. Esaal will continue to deploy this tranche of capital to…

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Health-tech Zuri Health secures US$1.3M in pre-seed round to expand operations across Africa

KENYA – Zuri Health, Kenya’s fastest-growing digital healthcare company which provides affordable healthcare via mobile, has raised US$1.3 million in pre-seed funding to scale quality healthcare services affordably across Africa. The funding round was led by DOB Equity, pan-African early-stage venture fund Launch Africa and Founders Factory Africa with additional investments from V8 Capital, Platform Capital, Villgro Africa, Asime Ventures…

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Egyptian healthcare startup Doxx raises US$1.5M in a seed round for expansion

EGYPT – Doxx, an Egypt-based healthcare startup, has raised US$1.5 million in seed round and plans to expand to close the loop on patients’ requirements while becoming the preferred app for doctors and patients. Following the seed funding led by VC Openner and Elevate, the start-up has launched first fully integrated digital platform in the MENA region connecting medical professionals…

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Kenyan-based health tech startup Zuri Health secures US$1.3m funding for its expansion plans

KENYA – Zuri Health, a Kenyan-based health tech startup offering mobile-based healthcare, has received US$1.3 million funding to expand across Africa. The digital healthcare company has completed a funding round attracting investment from DOB Equity, Launch Africa, and Founders Factory Africa to expand across Africa. Zuri Health connects mass-market patients with healthcare services via SMS, WhatsApp, and a dedicated app. The company initially…

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Genetics-based health company BioCertica raises US$1.6m seed round

SOUTH AFRICA – BioCertica, a genetics-based health company, has raised a US$1.6 million seed round, following a successful US$650 000 pre-seed investment. BioCertica is the first African-based direct-to-consumer genetics company to introduce polygenic risk scoring (PRS) to generate DNA test results. It combines advanced genomics technology to interpret your DNA and provide recommendations to unlock a healthy lifestyle. PRS results,…

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HEINEKEN Africa Foundation appoints Bilikiss Adebiyi-Abiola as its Chair of The Board of Trustees

AFRICA – The HEINEKEN Africa Foundation has announced the appointment of Bilikiss Adebiyi-Abiola as Chair of the Board of Trustees, taking over an organization that is committed to building sustainable communities since 2007. Born and raised in Nigeria, Ms. Adebiyi-Abiola brings to her position as Chair a distinguished track record in waste management and recycling in the developing world. She…

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CFAO Healthcare acquires minority stake in Goodlife Pharmacies

KENYA – CFAO Healthcare, a leader in the African pharmaceutical market, has signed a memorandum of understanding to acquire 30% of Goodlife Pharmacies, East Africa’s leading pharmacy chain, from LeapFrog Investments. Also known as Eurapharma, CFAO Healthcare is the healthcare division of the CFAO Group and it is a wholesale distributor of quality pharmaceuticals across Africa where it owns and…

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