Private equity firm Ascent Capital acquires majority stake in Valley Hospital Limited

KENYA – Ascent Capital, a leading East African private equity firm in the region, through its Ascent Rift Valley Fund II LP has acquired a significant equity stake of Valley Hospital Limited located in Nakuru City, Kenya. Founded in 1996, Valley Hospital was one of the first private for-profit hospitals in Nakuru City and a pioneer in offering quality and…

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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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EBRD partners Attijari bank Tunisia to support local pharmaceutical sector

TUNISIA – The European Bank for Reconstruction and Development (EBRD) has partnered with Attijari bank Tunisia to facilitate access to finance for Tunisian Laboratoires Teriak S.A. The collaboration underscores the EBRD and Attijari bank Tunisia’s commitment to supporting Tunisian companies through the partnership they established in 2020. It also reaffirms the importance of companies to Attijari bank Tunisia’s development strategy.…

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Nigerian healthtech start-up, Carepoint bags US$10M for African expansion

NIGERIA – Pan-African technology-driven healthcare startup, CarePoint has secured a US$10 million bridge round to accelerate its growth across Africa. The latest funding round was led by TRB Advisors and brings the total funding raised by CarePoint to US$30 million. It follows a US$18 million Series A round announced  mid-November last year. New and existing investors that took part in…

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IFC partners with pharmaceutical producer, Rameda to green its operations in Egypt

EGYPT – The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Egyptian pharmaceutical producer, Rameda to support the company’s strategy to green its operations Through the partnership, IFC will help Rameda adopt solutions that reduce its carbon, and water footprints, and improve efficiencies in materials and resource usage. As a growth-focused enterprise that produces…

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BluePeak invests US$15m in pharmaceutical company Africure

AFRICA – Africure, a manufacturer and distributor of essential generic pharmaceutical products, has secured US$15 million from BluePeak Private Capital’s US$200 million targeted impact-linked fund. The new funding is expected to provide a vital capital boost to Africure and supports the company’s plan to strengthen its working capital and increase demand for pharmaceutical goods across over 10 African markets. Fulton…

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mPharma and TytoCare expand partnership to introduce telehealth to pharmacies

GHANA – Ghanaian healthtech company mPharma has strategically partnered with global healthcare giant TytoCare to enable pharmacies to provide patients with enhanced remote care through in-depth physical examinations. TytoCare is a telehealth company using Artificial Intelligence to transform primary care by putting health in the hands of consumers through seamlessly connecting people to clinicians to provide the best virtual home…

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Ghana to build pharmaceutical manufacturing hub to promote local production

GHANA – Ghanaian President Nana Akufo-Addo has ordered the establishment of an advanced pharmaceutical manufacturing hub named Pharma Park to promote local pharmaceutical production in the country. The pharmaceutical industry will partner with the Pharmaceutical Chamber to create Pharma Park in the industrial zone with accessible lands for the pharmaceutical sector to set up manufacturing factories. The Government intends to…

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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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