Market News
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IFC partners with Philips and the Co-op Bank of Kenya in $281m Healthcare deal
Posted on :Thursday , 22nd April 2021
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. . .
M3 Inc. of Japan to invest in Africa Health Holdings Ltd.
Posted on :Wednesday , 24th March 2021
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. . .
EIB launches US$60.9m Africa pharmaceutical development program
Posted on :Tuesday , 29th December 2020
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 he. . .
Kenyan insurtech startup Turaco secures $2m seed funding
Posted on :Monday , 7th December 2020
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 pro. . .
Africom Donates Mobile Field Hospital to Kenya Border Police
Posted on :Monday , 30th November 2020
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 cap. . .
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