MedTech Archives - AfricaBusiness.com

15Nov

By Africa BusinessNo Comments

Medicine, Nigeria News, Startups

DrugStoc Secures $4.4M in Series A Funding to Expand Access to Quality Pharmaceuticals in Africa

Healthtech startup, DrugStoc has raised USD 4.4 million in Series A funding to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in Sub-Saharan Africa. The funding round is led by Africa HealthCare Master Fund (AAIC), and other investors include Chicago-based venture firm Vested World and the German Development Bank (DEG). Nobuhiko Ichimiya, Director at AAIC stated that, “We are very excited to be part of the Drugstoc journey. The pharmaceutical market in Africa has enormous growth potential and we are glad to back a company well-positioned to be a key player in the sector’s growth in sub-Saharan Africa.” Chibuzor Opara, DrugStoc’s co-founder and CEO; asserted that “We are committed to making an impact in the healthcare indu...

25Oct

By Africa BusinessNo Comments

Medicine

Quality and Patient Care takes centre stage at Africa Health Conference

Upwards of 5000 health professionals and 200 international and regional companies have registered for this year’s Africa Health Conference, which got underway today (Monday). The largest health conference in Africa, this online event brings Africa’s healthcare industry together to discuss and explore innovative new thinking and solutions around Africa’s healthcare challenges. Now in its 10th year, the event includes several multi-specialty conferences with CPD accreditation that provide valuable education and the latest updates in the medical field, as well as an opportunity for vibrant, highly targeted industry networking. The event also provides a platform for healthcare professionals and decision-makers to do business, exchange ideas and learn about the latest product advancements f...

3Aug

By Africa BusinessNo Comments

Medicine, South Africa News

The Future of Work in Healthcare: five insights on how technology can help realise health equity

How can new digital ways of working in the healthcare sector improve outcomes for patients to increase global health equity in the COVID-19 era and beyond? And do we have reason to be optimistic? These were the questions tackled by a panel of globally recognised health-tech experts in a recent webinar for the African healthcare community. Hosted by BroadReach Group CEO Chris LeGrand, an internationally recognised leader in public health management, the webinar was joined by panelists Dr John Sargent, the World Economic Forum’s 2015 Social Entrepreneur of the Year, health technology innovator and co-founder of BroadReach, Dr Andrew Kambugu, Executive Director at the Infectious Diseases Institute at Makerere University in Uganda and Rochelle Mountany, a senior manager and health industry ad...

South Africa. How Designated Service Providers Help In Making Medical Aid More Affordable

7Jul

By Africa BusinessNo Comments

Medicine, South Africa News

South Africa. How Designated Service Providers Help In Making Medical Aid More Affordable

With healthcare inflation continually on the increase, medical schemes must find ways to keep contributions as affordable as possible for their members while still ensuring that they receive quality of care. One of these ways is through negotiation with groups of hospitals, doctors and pharmacies for better tariffs in return for directing members their way. These groups then become the scheme’s Designated Service Providers (DSP). The Health Funders Association explains the ins and outs of DSPs and why they are important to medical schemes and their members: Medical schemes are not-for-profit organizations which provide a mechanism to assist medical scheme members in funding their healthcare providers for medical care rendered. Medical schemes are similar to trust funds or stokvels, whe...

29Jun

By Joseph MainaNo Comments

Medicine

COVID-19 vaccine hesitancy threatens to derail war against pandemic in Africa

Vaccine hesitancy in many parts of Africa has emerged as a potent threat to efforts to mitigate COVID-19 and could considerably counteract wider move to contain the pandemic, despite significant gains made to control the disease in the continent. There is consensus among a cross-section of health experts from the continent that the fight against COVID-19 must address the pockets of apathy and reluctance that now threaten to derail mitigation of the disease. The World Health Organization (WHO) defines vaccine hesitancy as the delay in acceptance or refusal of vaccines despite availability of vaccine services. Hesitancy is complex and context-specific, varying across time, space and vaccines. “Early evidence from across Africa shows that many are eager to get the vaccine, despite very limite...

Five Tech Megatrends that can Transform African economies in 2021 and beyond

15Jan

By Richard LiNo Comments

African News, Agriculture, Fintech, Main, Medicine

Five Tech Megatrends that can Transform African economies in 2021 and beyond

The world has been experiencing massive digital disruption with the relentless rollout and adoption of disruptive and innovative technologies. Embracing digital disruption is daunting, since it is extremely unsettling with the rapid change brought about within societies and the severe impact on unskilled labor. Even if the African continent will not be spared by digital disruption, Africa cannot afford to be left out of these global technology (Tech) trends. If technology is wisely implemented, developing African countries are able to hop on the digital bandwagon to rapidly undergo a digital revolution that can boost their respective economies. While disruptive technologies like artificial intelligence, additive manufacturing, augmented and virtual reality, and others are becoming more and...