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Safaricom, M-Pesa Foundations donate Sh15m to victims of Kenyan protests

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Kenya’s tech giants, Safaricom and M-Pesa, have made a joint donation of KES Sh15m to victims of the protests that have rocked the country in the last two weeks.

The two companies which made the donation through their Foundations also rolled out infrastructure developmental projects and support to hospitals catering for the project victims.

Safaricom CEO, Peter Ndegwa, who spoke at the Kenyatta National Hospital while visiting the victims on Thursday, said as part of the donation, KES 10 million would go to the hospital’s Disaster Response Centre, while KES 5 million would go towards supporting those injured and admitted at the hospital.

“Our Foundations are there to stand with people, especially in times of need. We are happy to provide hospitals with structured support in times of emergencies, both for infrastructure improvement and patient recovery,” Ndegwa said.

He said the KES 5 million will be for the provision of assistive devices to the injured, smartphones and airtime for those who lost their phones, supporting affected individuals with three months’ worth of food as well as one year’s worth of rent for those in extreme condition.

The Safaricom CEO added that to provide further immediate support, the firm, through its M-Pesa Foundation, is organizing medical camps in affected areas, starting with Githurai on 6th July, followed by Rongai at a later date.

“In the medium term, Safaricom will also mobilize its Gen Z employees as well as other like-minded corporates and foundations, under the #GenZforGenZ initiative, which will entail volunteer squads leading community outreaches, clean-ups, and medical camps.

“The long-term plan will entail a comprehensive execution of community programs through M-Pesa and Safaricom Foundations, with an increased focus on Gen Z.

“This includes providing TVET scholarships, economic empowerment through the Ndoto Zetu program, agri-business value chain opportunities through the Wezesha Agri Program, and offering access to business training and micro-loans in 13 counties, starting with Nakuru, Nairobi, Kajiado, and Migori.

“The plan will also include supporting mental health through strategic partnerships and provision of complimentary counselling services,” he said.

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SA’s e-health startup RecoMed partners Discovery Vitality to simplify flu vaccinations

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South African e-health startup, RecoMed, has struck a partnership with Discovery Vitality to simplify bookings for flu vaccines and Vitality Health Checks.

RecoMed is a technology-driven online healthcare marketplace and booking platform that seamlessly connects practitioners, patients, and other stakeholders in the healthcare ecosystem.

According to its profile, patients can easily book appointments with a diverse selection of healthcare practitioners in their area quickly and privately from a phone, tablet, or PC, 24/7.

Vitality, on the other hand, is the largest global platform for behaviour change, underpinning the insurance products of leading insurers worldwide, impacting 30 million lives in over 40 markets.

Sheraan Amod, CEO at RecoMed who issued a statement on the partnership, said the collaboration between Discovery Vitality and RecoMed has reimagined bookings and efficiencies for independent members and corporates.

“This collaboration showcases Discovery Vitality’s commitment to supporting and empowering their members,” Amod said.

“Members can easily manage their family’s health within a simple system that allows them to stay ahead of their Vitality Health Checks, and the benefits this delivers, as well as to protect themselves ahead of flu season.

“As South Africa has entered the flu season, it’s important that we make it as easy as possible for our members to find an approved Discovery Vitality partner at a convenient location for their flu vaccine and Vitality Health Check.

“Moving the booking journey onto this accessible, digital platform has allowed our members to simply click and book vaccines and Vitality Health Checks without waiting in a queue or spending time navigating long lists.

“The collaboration has allowed for Discovery Vitality to radically modernise and speed up access to healthcare providers for these essential services while transforming member experiences,” he added.

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d.light closes $176 securitized financing for off-grid solar in Kenya, Tanzania, Uganda

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Global provider of household products and affordable finance for low-income households, d.light, has announced closing $176 million in securitized financing for off-grid solar in Kenya, Tanzania and Uganda.

According to the CEO of the firm, Nedjip Tozun, the new financing was provided by social impact-focused asset management company, African Frontier Capital.

Tozun, in a statement, said the will use the facility “to scale up its PayGo consumer finance offering to make solar-powered products available to more low-income households and communities without access to electricity.”

He stated that the facility is multi-currency and will enable access to reliable, renewable energy for an estimated six million people across the three countries over the next three years.

“With this new facility, d.light has now closed securitized financing with a total combined purchasing value of USD$718 million across five separate facilities since 2020,” the CEO said.

“This new facility is another landmark step in d.light’s mission to provide people with affordable energy that is also clean, safe and sustainable.

“It lets us expand our reach so that millions of off-grid families across Kenya, Tanzania and Uganda can experience the benefits of solar energy.

“Facilities like this make possible our pioneering PayGo consumer financing model with which we are able to offer solar home systems and high efficiency appliances to the people that need them most in a way that is affordable and sustainable.”

“With this new facility, d.light has for the first time in its history receivables-based financing facilities in each of our PayGo markets – Kenya, Uganda, Tanzania, and Nigeria.

“These facilities allow d.light to remain consistently cash flow positive and remove the requirement for further external equity fundraising to fund our growth.”

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