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Nigerian e-health startup, Famasi, raises fund to build pharmacies across Africa

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Nigerian e-health pharmaceutical startup, Famasi, has announced raising a pre-seed round of funding to enable it build pharmacies in key African countries as part of its expansion plans.

The startup which started as a medication management service in 2021, said its vision to building pharmacy infrastructure to scale digital health led to raising of the funds.

Founded by the duo of Adeola Ayoola and Umar Faruq Akinwunmi, Famasi is a digital health platform that helps people access their medications, get doorstep delivery, automate monthly refills, enjoy free follow-ups and connect with healthcare providers.

Speaking in a statement on Saturday, Ayoola who is the CEO of Famasi, said:

“When we started, we realised there was a huge infrastructure gap and we had to build ours from scratch. Access to medications is a problem that’s bigger than one startup.”

“However, we believe that with the proper infrastructure, we can offer more personalisation with our B2C offering while enabling more digital health solutions to not just be born, but thrive,” he said.

With this funding, we’re lucky to partner with investors who believe in this mission, including some of our early customers who connect deeply with the problem,” Ayoola added.

Also speaking on the development, Faruq said the startup is set to onboard over 35,000 customers from its pipeline and grow its providers from 229 to 1,000 by the end of 2023.

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SA internet service provider Kaya Konekta launches data access for underserved communities

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South Africa’s leading Internet Service Provider (ISP), Kaya Konekta (KaKo), has launched new operations aimed at reaching underserved communities in the country.

The new service which the company says will revolutionise connectivity in the catchment areas comes with affordable and accessible internet services.

Founder and CEO of KaKo, Kagisho Dichabe, who praised the efforts of his team in a statement on Friday, said “KaKo aims to bridge the connectivity gap by providing reliable and affordable data, with a host of mobile and home broadband packages at below market rates.”

“For financial inclusion to be a reality, we need to connect the unconnected, and “Data Must Fall,” he said.

“We are dedicated to providing affordable, reliable internet services to underserved communities, empowering individuals and businesses for a better future.

“Data has become too expensive for people in our communities, especially in our townships,” Dichabe said.

He added that KaKo also aims to empower youth with accessible, high-speed internet, enabling them to access educational materials and online courses conveniently.

“This connectivity offers opportunities for knowledge expansion, higher education pursuits, and skill development,” he emphasized.

The startup’s CEO Thabiso Malekele, also noted that the company views the “internet as an essential tool, not a privilege, for unlocking potential, fostering learning, and connecting communities.”

“This belief fuels our passion to change and improve the lives of underserved and unconnected individuals.

“Our nation’s history compels us to actively champion this cause. While we strive to expand our reach like any ISP by deploying various technologies including fibre, LTE and 5G to different customers, we prioritise addressing the critical gaps in connectivity that leave many behind.

“At Kaya Konekta, we’re passionate about both customer service and the community.”

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Nigeria’s MAX partners Ghana’s Kofa in e-bike financing deal

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Nigeria’s electric vehicle solutions provider, MAX, has announced striking a partnership deal with Ghana’s innovator in energy networks, Kofa, that will see MAX offering financing options for over 2,000 revolutionary TailG Jidi bikes.

The bikes which are developed by Kofa in conjunction with TailG, a Chinese manufacturer, were launched in October last year and has been a big hit in the West African country.

A statement by MAX on Thursday, stated that the partnership marks a significant milestone in making green transportation more accessible in Africa.

“Max’s financing options for the motorbikes will enable more individuals and businesses to adopt eco-friendly transportation, aligning with both companies’ vision of a sustainable future,” it said.

“This collaboration between MAX and Kofa is a step towards a greener, more sustainable Africa.

“This partnership is poised to accelerate the transition to green energy and sustainable transportation in Africa,” the company said.

“The coming together of the two democratises access to vehicle ownership and electric mobility across Africa through a tech-driven platform that offers a spectrum of services, including subscription-based vehicle financing,cutting-edge electric vehicle options, and comprehensive support services.

“Kofa, meanwhile, is focused on creating affordable, sustainable, and customer-driven electricity networks, starting with electric motorcycles.

“The startup partnered TailG Group, a leading electric vehicle brand from China, to launch the Jidi electric motorcycle last October, and subsequently announced the planned launch of its second-generation Kore 2 Swap & Go network,” it added.

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