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Egypt’s e-health startup, Rology acquires Saudi teleradiology provider, Arkan United

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Egyptian e-health startup, Rology has acquired Saudi Arabian teleradiology provider, Arkan United in its bid to position itself as the leading teleradiology company in Africa and the Middle East.

The acquisition of Arkan United, which is headquartered in Jeddah, is coming two months after Rology closed a pre-Series A round of funding that helped its expansion drive across the MENA region, and has now seen it make an incursion into Saudi Arabia which has the largest healthcare sector in the region.

According to Rology co-founder and CEO, Amr Abodriaa, the acquisition of Arkan United has been part of Rology’s long-term plans of “bringing the latest innovations in teleradiology to healthcare providers and patients in the Kingdom of Saudi Arabia and beyond.”

“We’re excited to announce our acquisition of Arkan for medical services in Saudi Arabia,” Abodriaa said.

“This acquisition allows us to accelerate our mission of combining Rology’s cutting-edge technology and network with Arkan’s established expertise, we’re poised to revolutionise the field of teleradiology and improve patient care in unprecedented ways,” Abodriaa added.

Arkan’s CEO, Tarik Baeshen, who welcomed the acquisition, said “Rology has the people and the disruptive solution that the Saudi healthcare system truly needed.

“I am proud of what Arkan has done for the healthcare landscape in the kingdom, and I am eager to see Rology take it one step further”.

Rology, which was founded in 2017 by AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy and Bassam Khallaf, has successfully built a cloud-based platform that “provides intelligent matchmaking between patients and remote radiologists, tackling the global shortage of the latter.”

The startup gives radiologists anywhere in the world the freedom to work as long as they have access to internet connection.

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UN signs MoU with Kenya’s Konza Technopolis

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The United Nations has signed a Memorandum of Understanding (MoU) with Kenya’s Konza Technopolis that will provide a wide range of interrelationships with the various UN agencies domiciled in Nairobi.

Konza CEO, John Paul Okwiri, who disclosed this in a statement on Monday, said the MoU would see Konza Technopolis working together with UN-Habitat, the World Food Programme, United Nations Educational, Scientific
and Cultural Organization (UNESCO), United Nations Development Programme (UNDP), among other UN agencies.

“This MOU provides us with a collaborative platform whereby we bring our strengths and unite for a common good,” Okwiri said.

“The MoU will see Konza Technopolis partner with UN-Habitat and allow city-to-city benchmarking and learning exchanges, strengthening smart city growth including research and data sharing, implement local climate action initiatives including greening initiatives, promotion of non-motorised transport and formulation of smart city frameworks,” he added.

Also speaking on the partnership, Dr. Stephen Jackson, the Resident Coordinator for UN Kenya, said:

“Our MoU will support to explore points of synergies, and strategic partnerships in supporting Kenya and Konza Technopolis as part of Vision
2030 and UN Agenda 2030.”

Konza Technopolis, also known as the Silicon Savannah, is envisaged to be a smart city that will provide work and living space.

“The smart city spatial planning has taken into account provision of clustered industries, educational facilities, recreational parks, green spaces. It has one of the most modern waste recycling and water treatment plants,” Okwiri stated.

“The other areas of cooperation is with the UNDP whereby more than 20 innovators have received technical and financial support to achieve
commercialization and market entry, strategic partnership in the implementation of joint programs based on the Kenya Innovation Ecosystem Mapping.

“We have established the Konza Innovation Ecosystem Initiative (KIEI), which supports the creation of new enterprises, training of young innovators, and commercialization of research findings.

“To date the KIEI has supported over 100 startups and innovators, providing them with mentorship, funding, and access to market.

“We have established partnerships with over 50 institutions, such a UNDP, universities, research centers, and industry associations, to foster knowledge transfer and innovation.

“It has also facilitated the development and commercialization of over 30 innovative products and solutions, such as smart irrigation systems, e-health platforms, and
blockchain applications.

“The cooperation with UNESCO involves a tripartite Agreement together with the Chinese Association of Natural Science Museum (CANSM) which will see the development and management of Konza Natural Science Museum, resource mobilization for the development of the museum and technical advice support and capacity building and professional development programs,” he added.

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Kenya’s agri-tech startup Pula raises $20m funding for farmers’ insurance

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Kenyan agri-tech and insurance startup, Pula, has announced raising $20 million Series B funding round which will be used to help thousands of smallholder farmers in emerging markets gain access to insurance against floods, droughts, and other climate-related events.

The funding round, according to the company’s co-founder and CEO, Rose Goslinga, was led by BlueOrchard, a global impact investment manager and member of the Schroders Group, via its InsuResilience strategy, while fundraising also came from IFC and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).

“Partnering with this group of like-minded investors to boost the growth of Pula globally is a very exciting milestone in driving our triple 100 vision, through which we intend to bring insurance to 100 million smallholder farmers,” Goslinga said.

“What started nine years ago as an unconventional idea that many deemed un-scalable is now a proven solution that has solved real needs for millions of smallholder farmers across 22 countries.

“What sets Pula apart is the innovative business model, leveraging artificial intelligence, on the ground data collection mechanisms, mobile-based registration systems, remote sensing, and end-to-end automation tools.”

Co-founder of the startup which was launched in 2015, Thomas Njeru, said “Pula designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure climate risks, improve their farming practices and bolster their incomes over time.”

“Since its inception, Pula has partnered with over 70 insurance, 20 reinsurance companies, and 100 distribution partners across the globe to deliver their innovative insurance solutions,” Njeru stated.

“This has also helped develop the capacity of local insurance and reinsurance players to understand and underwrite agricultural insurance for smallholder farmers.

“Currently, Pula’s main markets span across Kenya, Nigeria, Zambia, Malawi, Mozambique, and expanding our presence in Asia and Latin America. These markets are managed from Switzerland and coordinated from the Kenya service centre,” he added.

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