Copia Global, the Kenyan B2C e-commerce startup that went into administration on May 24, is still a going concern despite the central office lay-offs that occurred Thursday, laying off 1,060 workers. In the termination letters delivered to the workers on Friday, administrators informed them that their goal is to keep the business going, with the new leadership seeking to source for the capital needed for operation through cost-cutting. Copia has appointed Makenzi Muthusi and Julius Ngonga of KPMG as joint administrators on 24th May Pazar. “We must ensure the business is right sized and right shaped to meet the new…
Author: Modupeoluwa Shelle
OneBarrow International Limited, a health equity concern, has developed an application called the “iDoctorAccess” to close gaps within the healthcare system and offer superior customer service. OneBarrow explains how it is possible to organize a business that will improve its future and also make sure that it is inclusive to all. Speaking at a press briefing in Abuja yesterday, the organization’s Chief Executive Officer, Yemi Ajao, explained the relevance of the ‘iDoctorAccess’ application in the process of filling the holes in healthcare provision and providing efficient solutions as well as to ensure that everything on the website and application is…
South African based early-stage venture capital firm, 4Di Capital, is gearing up to launch its third venture fund in the near future to invest in seed to Series A stages across startups in the continent. 4Di Capital is a technology venture capital fund manager that focuses on the first-stage investment in ventures based in Southern and Eastern Africa states, and is located in Cape Town. Co-founded by a team of managing directors with direct first-hand entrepreneurial experience, 4Di is relatively one of the oldest and most recognized brands within the local venture capital environment, having been established in 2009. This…
YoLa Fresh, an African agritech startup delivering fresh produce through a transparent supply chain, today announced a pre-Series A round of $7 million to scale up its operations. YoLa Fresh was created by Larbi Alaoui Belrhiti and Youssef Mamou, where the company has been provided with a way of linking farmers to individuals and companies that purchase their produce directly from them. Applying advanced technology, the company follows the fresh produce from the farm to the retail level, while keeping the process as clear as can be and reducing the levels of food wastage to the minimum. Pre-series A funding…
The United States President’s Emergency Fund to fight AIDS (PEPFAR) and Centre for Disease Control and Prevention (CDC), through ICAP Tanzania has pledged over 750,000 USD (1. 9 billion Tanzania shillings) to fund Bugando Medical Centre (BMC) molecular laboratory installation, running and accreditation. The CDC’s country director, Dr. Mahesh Swaminathan said this at the HIV Drug Resistance Testing Laboratory handover ceremony held at BMC in Mwanza City. The event brought together Mwanza Regional Commissioner Said Mtanda and others included US Congressional Staff Delegation, CDC directors Washington, Tanzania CDC, ICAP, Ministry of health and other members of the regional health management…
In Uganda, the United States government through the U.S. Agency for International Aid is providing one million USD for this first mental health project. A statement that was published by the US Mission in Uganda on Thursday shows that the NGO, Strong Minds, will implement a three-year project where they will concern themselves with the building up of local evidence of mental health and development. This will also be the central focus of the project which aims at increasing locally available, evidence-informed, and affordable mental health services by training the members of the community on how to deliver these services…
The management of Komfo Anokye Teaching Hospital has expressed its readiness to implement the free dialysis policy, but stated that it is awaiting an official letter from the Ministry of Health on the matter. While the National Health Insurance Authority (NHIA) has declared that nobody below the age of 18 or above 60 years will pay for their session starting June 1, they are still paying full charges. The news was welcomed, especially for dialysis patients considering the approximate amount they need to pay to receive the particular service. “Yes, the announcement has been made, and we are all excited…
Mal Bazaar, an Egyptian insurtech startup that sells insurance products online, has purchased a licensed insurance broker, which it says will help it transform from an e-insurance marketplace into a mediator of all insurance services to help its clients better. Founded in 2019, Mal Bazaar provides innovative, tech-savvy insurance solutions that include basic healthcare, car, property, and inland cargo insurance and targets over 60 thousand employees within the cross-industry companies and organizations from the FMCG, pharmaceutical, and startup sectors. The company has recently received the approval from the Egyptian Financial Regulatory Authority (FRA) to become a licensed insurance brokerage and…
According to a new United Nations early warning report, the number, and intensity of acute food insecurity is expected to rise in 18 hunger “hotspots” with Nigeria being among them. The report that came out recently highlighted the severity of the situation in which aid is needed to avoid a famine in Gaza and Sudan, and a further worsening of the already catastrophic hunger situations in Haiti, Mali, and South Sudan. It also cautioned about the residual effects of El Niño coupled with the prospect of La Niña, which poses a threat of climate volatility that can disrupt life as…
LAfricaMobile, a cloud communication startup based in Ivory Coast, has received a US$4.6 million funding in its Series A funding round to fast-track its rollout in French-speaking parts of Africa. LAfricaMobile, founded in 2014, enables clients to conduct mass communication initiatives through Mobile technologies such as SMS, USSD, voice, WhatsApp, airtime, and text-to-speech. Having processed nearly 100 million transactions and linked more than 15 countries and 60 operators, LAM now aims at opening new markets after its latest funding round, Series A, which totalled up to US$4.6m. The round was supported by Janngo Capital and French footballers Aurélien Tchouaméni and…