AAIC Investment

OUR MISSION
Impact the Health
Care Sector in Africa

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Companies

Sector
Stage
Fund
Countries
  • Waspito Inc.
  • Yemaachi Biotechnolog
  • Cloudline
  • Hyrax Biosciences (Pty) Ltd
  • Wellahealth Technologies Limited
  • Ubie, Inc.
  • My1Health
  • BIMA/Milvik
  • Mudupay
  • Yodawy
  • Lapaire
  • Zanifu
  • ILARA HEALTH
  • Credable
  • Africa Healthcare Network
  • Jumuia Hospitals
  • Sagitarix
  • Jacaranda Maternity
  • MyDawa
  • RecoMed
  • DentaCarts
  • Kobo360
  • Chipper Cash
  • Sendy
  • Reliance HMO
  • Helium Health
  • Shezlong
  • Rology
  • Gozem
  • Sana Health
  • Allm
  • LAMI
  • LifeQ
  • CrowdForce
  • Flare
  • LifeBank
  • VitalRay
  • NSV
  • Drugstoc
  • Revital Healthcare
  • JIBU
  • Bluebird Holdings
  • Aumet, inc

Our Mission

Investing in Africa for over 10 years

  • Impact the health care sector in Africa
  • Create a sustainable growth model
  • Shaping the future together

Business Overview

  • Cloudline is developing an airship-type drone in South Africa that is less expensive than existing drones and helicopters and can fly for longer periods and over longer distances.

Future Expansion

  • Expansion of solutions business to power generation, transmission and distribution, mining and farming.
Cloudline
Founder, CEO

Founder/CEO : Spencer Horne

Operating Countries

Global*, South Africa,

Sector

Mobility,

Stage

Early/

Fund

AHF 2,

Business Overview

  • It operates the country’s largest digital healthcare platform, which can provide remote diagnostics, test centres, pharmacy locators, online prescription pick-up and medicine delivery, mainly for major local insurance subscribers.

Future Expansion

  • Further expansion of Cameroon operations and expansion into other Frech-speaking countries such as Cote d’Ivoire and Senegal.
Waspito Inc.
Founder, CEO

CEO:Jean Lobe Lobe

Operating Countries

Cameroon, Ivory Coast,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

Yemaachi Biotechnolog

Business Overview

  • Provides precision medicine (research/diagnosis) in the field of cancer using state-of-the-art technology.
  • DNA and diagnostic data on cancer patients are currently being collected and databases are being established in seven African countries, including Ghana.

Future Expansion

  • Projects are promoted for major pharmaceutical companies and international organisations.
Yemaachi Biotechnolog
Founder, CEO

CEO:Yaw Bediako

Operating Countries

Global*,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

Hyrax Biosciences (Pty) Ltd

Business Overview

  • Hyrax provides an automated platform to simplify complex DNA sequencing analysis such as HIV AIDS and TB.

Future Expansion

  • Advance sales to major sequencing manufacturers.
  • Further development of their platform.
Hyrax Biosciences (Pty) Ltd
Founder, CEO

CEO:Simon Travers

Operating Countries

Global*,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

Wellahealth Technologies Limited

Business Overview

  • Provide a system service where users can order pharmaceutical products for major insurance companies and others.
  • Sell microfinance, starting at a premium of about USD1 per month.

Future Expansion

  • Expansion of existing businesses in Africa
Wellahealth Technologies Limited
Founder, CEO

Founder/CEO: Ikpeme Neto

Operating Countries

Nigeria,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

Business Overview

  • Using AI as its core technology, Ubie develops and provides ‘Ubie’, which guides patients from symptoms to appropriate medical care, and ‘Ubie AI Questionnaire’, which improves operational efficiency in the medical field, among others.
  • Ubie is promoting the creation of a society in which everyone can access healthcare that suits them.

Future Expansion

  • Using data and providing high-value-added services for pharmaceutical companies
Ubie, Inc.
Founder, CEO

CoCEO/ Co-founder Yoshinori Abe, Kota Kubo

Operating Countries

Japan, Singapore, USA,

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 2,

Business Overview

  • Operates a medical tourism platform.
  • It provides a platform to connect patients with hospitals where they can be optimally treated. It also assists patients with the necessary procedures and transport arrangements.
  • Partner hospitals are not limited to Kenya but are located worldwide.

Future Expansion

  • Insurance partnerships – collaborating with health insurers and brokers to improve medical service for insured policyholders.
  • Referral partner network – cooperating with medical tourism providers & travel agents to facilitate client referrals.
  • Expansion of the network of affiliated hospitals
My1Health
Founder, CEO

CEO:Ryan Marinkowitz

Operating Countries

Global*, Kenya,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

BIMA/Milvik

Business Overview

  • BIMA is a health tech platform which offers affordable health insurance products and digital health services tailored for the low income and underserved populations in emerging markets.(7 million members served as of December 2024)
  •  The platform is designed such that it takes care of the patient throughout their entire health journey, from consultation to aftercare.

Future Expansion

  • Expansion into new markets (Africa and Asia).
  • Expansion of markets in existing markets (into regional cities), increase in services offered
BIMA/Milvik
Founder, CEO

Gustaf Agartson Co-Founder & CEO

Operating Countries

Bangladesh, Pakistan, Cambodia, Sri Lanka, Tanzania, Ghana,

Sector

Medical Services, Healthcare Technologies,

Stage

Growth/

Fund

AHF 2,

Business Overview

  • MuduPay is primarily a payments platform that offers payroll solutions to enterprises. It enables enterprises to pay their staff through a bulk disbursement and employees receive their salaries instantly through their mobile application
  • The platform also enables consumers & merchants to make and receive any local and international payments through their mobile money accounts.
Mudupay
Founder, CEO

Co-founder & CEO – Ousmane Siedy Dallo Head , Business Development – Bilguissou Bah

Operating Countries

Guinea, Uganda, Ivory Coast,

Sector

Financial Services, FinTech,

Stage

Early/

Fund

AHF 2,

Business Overview

  • Yodawy is a virtual pharmacy chain powered by technology to facilitate access to medication and deliver a world-class experience to patients.
  • They partner with pharmacies, insurance companies and healthcare providers.
  • Facilitate access to on-demand over-the-counter & prescriptions with the Yodawy App.
  • Facilitate seamless monthly medication refills with the Yodawy Care Program.
  • As of March 2024, they had processed 4 million prescriptions and partnered with 3,000 pharmacies.

Future Expansion

  • Pilot expansions in UAE & KS.
Yodawy
Founder, CEO

Karim Khashaba

Operating Countries

Egypt,

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 2,

Business Overview

  • Lapaire is an optical retailer with 90 outlets across 6 countries; Benin, Burkina Faso, Ivory Coast, Mali, Togo, and Uganda as of December 2024.
  • They process their lenses and also outsource from a European manufacturer with offices in Africa.
  • They offer transparent pricing and flexible payment methods including insurance coverage, financing, and in-store payment.
  • They have a team of opticians and optometrists that perform free vision testing for all their customers

Future Expansion

  • The company has 90 branches with the plan to expand to 300 branches in Africa
Lapaire
Founder, CEO

Jerome Lapaire

Operating Countries

Burkina Faso, Mali, Uganda, Ivory Coast, Togo, Benin,

Sector

Retail,

Stage

Growth/

Fund

AHF 2,

Business Overview

  • Digital banking platform providing software infrastructure to consumer-facing businesses which allows them to extend banking/financial services to their customers.
  • B2B2C model and a partnerships based models with Financial Insitutions, Fintechs and businesses
  • Multinational expansion into sub-Saharan Africa

Future Expansion

  • Entering West Africa
  • Leverage data to build a ”Trust Score” and other data products across emerging markets. Think of FICO for Africa
Credable
Founder, CEO

Nadeem Juma

Operating Countries

Kenya, Uganda, Tanzania,

Sector

FinTech,

Stage

Early/Growth/

Fund

AHF 2,

Business Overview

  • Zanifu is a financial technology company providing inventory financing (credit) to micro, small and medium-sized businesses in Kenya.

Future Expansion

  • Uganda has been identified as a potential next market.
Zanifu
Founder, CEO

Steve Biko - CEO Sebastian Kilimo - CTO

Operating Countries

Kenya,

Sector

FinTech,

Stage

Early/

Fund

AHF 2,

Business Overview

  • ILARA HEALTH is a primary healthcare enabler leveraging on technology to give private clinics access to diagnostic devices and pharmaceutical products on credit.

Future Expansion

  • Uganda has been identified as a potential next market
ILARA HEALTH
Founder, CEO

Emilian Popa - CEO, Maximillian Mancini- CSO, Sameer Farooqi - COO

Operating Countries

Kenya,

Sector

FinTech, Medical Services, Healthcare Technologies,

Stage

Early/

Fund

AHF 2,

Aumet, inc

Business Overview

  • It operates a pharmaceutical B2B end-to-end marketplace that connects pharmacies and suppliers.
  • Providing an inventory management system for pharmacies and an ERP system for suppliers.
  • Leading company in the MENA region, with 3,339 pharmacies (as of August 14, the same below), 884,000 transactions, and a cumulative transaction value of over $88m.
  • Aumet is named among the “50 Fastest Growing Companies of the Year 2021” (The Silicon Review).

Future Expansion

  • Entering other MENA region.
  • Financial support to the Pharmacies, Big Data Businesses
Aumet, inc
Founder, CEO

Yahya Aqel

Operating Countries

Egypt, Jordan, KSA, Turkey,

Sector

Healthcare Technologies,

Stage

Early/Growth/

Fund

AHF 2,

Business Overview

  • LifeQ has development centres in the USA, South Africa, and the Netherlands and is developing systems for collecting, analysing and providing osteopathic data through wearable equipment.
  • The company’s systems are used in the latest wearable models from leading brands(Tag Heuer, Louis Vuitton, etc.)

Future Expansion

  • Expanding a worldwide business of biometric data solutions in collaboration with insurance companies, medical institutions and research institutes worldwide.
LifeQ
Founder, CEO

Chief Executive Officer and Co-Founder : Laurie Olivier

Operating Countries

Global*,

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 2,

Africa Healthcare Network

Business Overview

  • Provides dialysis services in high demand in sub-Saharan Africa at high quality and competitive prices. 3 centers in Rwanda, 16 centers in Tanzania, and 6 centers in Kenya established and in operation (or awaiting NHIF approval, as of the end of June 2022)
  • Multinational expansion into sub-Saharan
  • Model of partnering with hospitals to establish dialysis centers within hospitals with revenue sharing

Future Expansion

  • Accelerating expansion in Tanzania and Kenya. Expanding further into other countries, such as Ghana in 2022
  • Aiming to become the largest dialysis chain in Africa
Africa Healthcare Network
Founder, CEO

Nikhil Peraira

Operating Countries

Kenya, Rwanda, Tanzania,

Sector

Clinical, Advanced Medical Care,

Stage

Growth/

Fund

AHF 1,

Business Overview

  • Approximately 50,000 people have traveled to India for medical treatment over the past 10 years because Kenya’s medical costs are more expensive than India’s and the treatment available is limited
  • Establishment of primary, secondary care, and advanced medical care hospitals to enable complete examinations and treatment in Kenya
  • Plans to establish new ones in cities in Kenya where demand is expected to increase. Japanese medical equipment manufacturers are also showing strong interest in the company’s products

Future Expansion

  • Huruma Hospital, established in 2019, will be able to accept NHIF (National Health Insurance) patients from 2020
  • Establishment of an advanced medical center in Limuru (neighboring county of Nairobi) in the medium to long term
Jumuia Hospitals
Founder, CEO

NCCK (National Council of Church Kenya)

Operating Countries

Kenya,

Sector

Clinical, Advanced Medical Care,

Stage

Early/Growth/

Fund

AHF 1,

Business Overview

  • Utilises a CVS-inspired B2B business model: establishment of clinics enabling simple check-ups and treatments for chronic condition patients; complete with pharmacies
  • Provides affordable quality care for under-insured blue-collar workers in East Africa
  • Offers medicine delivery to patients’ offices or homes directly

Future Expansion

  • Developing a home-care medical service utilizing telemedicine and providing subscription services after COVID-19
Sagitarix
Founder, CEO

Moka Lantum

Operating Countries

Kenya, South Sudan,

Sector

Clinical, Advanced Medical Care,

Stage

Early/Growth/

Fund

AHF 1,

Business Overview

  • A maternity hospital that specializes in obstetrics and gynaecology targeting primarily middle- and low-income groups. Premium services are also provided
  • Provides innovative services includes internet appointment booking, remote care and monitoring through mobile and messaging
  • A second hospital in Nairobi launched in 2021

Future Expansion

  • Third hospital will be launched in Q3 2022
  • Further expansion from Nairobi to regional large cities
Jacaranda Maternity
Founder, CEO

Nick Pearson, Sawan Shah

Operating Countries

Kenya,

Sector

Clinical, Advanced Medical Care,

Stage

Growth/

Fund

AHF 1,

Business Overview

  • Online retail pharmacy that allows patients to purchase high quality medicine and wellness products through its website and mobile app
  • Medicines are delivered by qualified professionals who also advises patients on proper dosages and usages at one’s doorstep
  • Utilizes track-and-trace mechanisms to allow users to authenticate products and verify sources through the app

Future Expansion

  • Increasing the number of SKUs
  • Partnering with a telemedicine companies to deliver a seamless service
  • MYDAWA has received a $1.2 million grant from the Bill & Melinda Gates Foundation. This grant is aimed at increasing access to PrEP (Pre-Exposure Prophylaxis) services through MYDAWA’s e-pharmacy model, supporting the fight against HIV& AIDS in Kenya.
MyDawa
Founder, CEO

Neil O’Leary, Tony Wood, Priscilla Muhiu

Operating Countries

Kenya, Uganda,

Sector

Healthcare Technologies,

Stage

Early/Growth/

Fund

AHF 1, AHF 2,

Business Overview

  • Operates the biggest online medical appointment booking platform, as well as a healthcare professional search engine platform for patients
  • Had a partnership with the Discovery, the biggest medical insurance company in South Africa to connect the Recomed’s platform with the portal site for the Discovery’s subscribers

Future Expansion

  • Vertical integration by adding e-pharmacy and AI based pre diagnostic services.
RecoMed
Founder, CEO

Sheraan Amod

Operating Countries

South Africa,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • Online medical marketplace that specializes in providing authenticity guaranteed dental products by tackling widely distributed fake products in Egypt
  • Targets both individual dentists, as well as corporate customers such as dentist clinics, Universities, etc. in Egypt with plans to expand in Saudi Arabia and Africa
  • Its latest innovation includes DC+, an inventory management digital cabinet product

Future Expansion

  • Accelerating its growth in Egypt as a market leader and further expansion to neighboring countries in Middle East and Sub Sahara countries
  • Plan to expand to Saudi Arabia
DentaCarts
Founder, CEO

Ahmed Yahia, Saad Saleh

Operating Countries

Egypt,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • ナイジェリア他アフリカ6か国にて5万台を超えるトラック運送業者(多くが個人事業主)とユニリーバ、ダンゴテ、オラムなど大口の顧客をはじめとした物流を必要とする企業とのマッチングをオンラインのプラットフォーム上で行う。
  • ドライバー側は、ビジネスの機会が増えるだけでなく、ガソリン、スペアパーツ、トラック車両のファイナンスなどを特別な価格で提供してもらうことができる

Future Expansion

  • 車両のファイナンスなどドライバー向けのエンゲージするサービスを拡大
Kobo360
Founder, CEO

Obi Ozor

Operating Countries

Kenya, Nigeria, Uganda, Ghana, Ivory Coast, Togo, Benin,

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 1,

Business Overview

  • The first platform of its kind to offer instant cross-border mobile-based money transfers in Africa
  • 5million users registered, more than 5billion USD transaction through the platform per month.
  • Other services include business payment solutions, cryptocurrency trading and other investment options
Chipper Cash
Founder, CEO

Ham Serunjogi

Operating Countries

Kenya, Nigeria, Rwanda, Uganda, South Africa, Ghana, USA, UK,

Sector

Healthcare Technologies,

Stage

Growth/Late/

Fund

AHF 1,

Business Overview

  • Operates an asset-free logistics platform that connects both its corporate and individual clients with independent drivers for goods delivery using its app
  • Launched Sendy Supply and Sendy Freight to better connect their clients with end users directly
  • Besides transportation, the firm also offers automated fee calculation, payments collection services and strives to further strengthen its cross-border delivery services

Future Expansion

  • Expansion to other East African Countires (Tanzania) and West Africa (Nigeria, Ghana)
Sendy
Founder, CEO

Meshack Alloys, Malaika Judd, Evanson Biwott

Operating Countries

Kenya, Rwanda, Uganda, Ivory Coast,

Sector

Healthcare Technologies,

Stage

Early/Growth/

Fund

AHF 1,

Business Overview

  • A tech platform that utilizes data science and software to offer affordable health insurance plans to individuals and families

Future Expansion

  • Further expansion in Nigeria
  • Develop the new product for diaspora
Reliance HMO
Founder, CEO

Femi Kuti

Operating Countries

Nigeria,

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 1,

Business Overview

  • Aims to transform healthcare on the African continent by providing EMR to healthcare facilities (more than 300 facilities and 5,000 medical practioners)

Future Expansion

  • Further expansion to African countries and GCC countries
Helium Health
Founder, CEO

Adegoke Olubusi

Operating Countries

Kenya, Nigeria, GCC(UAE,Qatar),

Sector

Healthcare Technologies,

Stage

Growth/

Fund

AHF 1, AHF 2,

Business Overview

  • Strives to be the online mental health platform for Arabic-speaking populations globally
  • Users can choose their preferred therapists and receive therapies and treatments on its digital platform
  • It plans to expand into text-based therapy sessions as well as wellness coaching programs for corporates

Future Expansion

  • Business expansion in the Middle East and North Africa Region
  • Aims to support those native Arabic speaking patients in the world
  • Plan to enter South Africa market through joint venture
Shezlong
Founder, CEO

Ahmed Abu Elhaz / Mohamed Alaa

Operating Countries

Egypt,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1, AHF 2,

Business Overview

  • Solves the problem of shortages of radiologists by offering a digital platform that remotely and instantly connects these professionals with demands from hospitals
  • Other functions on its platform includes an AI-enabled DICOM viewer, which increases the productivity of radiologists and decreases turnaround time

Future Expansion

  • Accelerate its business expansion to Middle East and Sub Sahara Africa countries
  • Enhance AI function in teleradiology
Rology
Founder, CEO

Amr Abodraiaa

Operating Countries

Kenya, Egypt,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • Aims to be the Super App of West and Central Africa
  • Its main focus is on transportation and its extended businesses are Gozem wallet / finance, food delivery, insurance and drug delivery
  • All offered through its app

Future Expansion

  • Further expansion to more cities within four operating countries
  • Aiming a comprehensive Super App including asset-finance, delivery, Gozem mone/wallet etc.
Gozem
Founder, CEO

Raphael Dana

Operating Countries

Togo, Benin,

Sector

Healthcare Technologies,

Stage

Early/Growth/

Fund

AHF 1, AHF 2,

Sana Health

Business Overview

  • A neuromodulation medical device consisting of a mask and headphones that uses audiovisual stimulation to manage chronic pain
  • A Class II NSR medical device
  • In order to differentiate itself from any general health and wellness product, it plans to achieve DeNovo approval from FDA for several target health conditions including Fibromyalgia

Future Expansion

  • Aiming FDA approval in the United States
  • Upon receipt of FDA approval, accelerate its business development in US as well as globally
Sana Health
Founder, CEO

Richard Hanbery

Operating Countries

Planned Entry into Africa,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • Aims to shape the healthcare industry by launching next-generation technologies and medical communications platforms
  • Its current app offerings include a range of tools for medical professionals, providers, healthcare workers to enhance the timely sharing of expertise and data, during situations such as general patient care, emergencies, and remote care, amongst others

Future Expansion

  • Established a subsidiary in Nairobi, Kenya
  • Connecting a service provider in a rural area to a medical professionals and specialists in an urban area
Allm
Founder, CEO

Teppei Sakano

Operating Countries

Planned Entry into Africa,

Sector

Healthcare Technologies,

Stage

Growth/Late/

Fund

AHF 1,

Business Overview

  • An InsurTech start-up utilising a B2B2C business to provide custom-made and affordable digital insurance plans to African populations
  • Its API platform leverages cloud computing and other technologies to support the seamless application, purchase and payment of plans

Future Expansion

  • Partnering with a company that sell insurance, such as a car dealer and a bank
  • Developing embedded products for E-commerce
  • Utilizing an existing partnership to expand to other countries
LAMI
Founder, CEO

Jihan Abass

Operating Countries

Kenya,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • An agency banking platform focusing on the availability and convenience of cash transactions for consumers and merchants

Future Expansion

  • Further expansion through the partnership with 6,000 pharmacies and gas stations
CrowdForce
Founder, CEO

Oluwatomi Ayorinde

Operating Countries

Nigeria,

Sector

Healthcare Technologies,

Stage

Early/

Fund

AHF 1,

Business Overview

  • In sub-Saharan Africa, “911” (emergency services) does not exist in more than 80% of the countries. In addition, ambulances are mainly owned by hospitals, but access is not possible without calling each hospital directly
  • The company has partnered with hospitals that have ambulances in their fleet to build a dispatch platform. The ambulances that can respond to a call can be selected and dispatched. The company also checks the availability of the hospital and quickly transports the patient to a hospital that can accept the ambulance

Future Expansion

  • Alliance with telecommunication carriers
  • Incorporation of the package into insurance companies
  • Expand horizontally to other countries such as Uganda and Ghana
Flare
Founder, CEO

Caitlin Dolkart, Maria Rabinovich

Operating Countries

Kenya,

Sector

Medical Services,

Stage

Early/

Fund

AHF 1,

Business Overview

  • tackles the issues of supply chain blood for medical facilies. The company works on real-time supply and demand management, cold chain and supply chain management
  • The company also delivers medical consumables, vaccines, and other supplies as well as blood

Future Expansion

  • Continued expansion of services in rural Nigerian cities and major cities in other African countries
LifeBank
Founder, CEO

Temie Giwa-Tubosun

Operating Countries

Kenya, Nigeria, Ethiopia,

Sector

Medical Services,

Stage

Early/

Fund

AHF 1,

Business Overview

  • Operation and development of an advanced advanced advanced imaging center
  • Currently operating in Nairobi with MRI, CT Scan and Ultrasound; cancer treatment and blood testing (lab) starting July 2019; cancer is pending at COVID, lab enhanced
  • Stored all imaging data since 2014. Considering business with data, including research activities using data with University of Nairobi Hospital

Future Expansion

  • In 2022, the 2nd center will be launched in Nairobi
  • Aim to have 10 centers by 2024, including those in regional cities
VitalRay
Founder, CEO

Reuben Warriah, Dr. Unni Miyengi

Operating Countries

Kenya,

Sector

Medical Services,

Stage

Early/

Fund

AHF 1,

Business Overview

  • AI solution business in the healthcare field. Provide AI solutions based on the development of equipment such as colposcopes (hardware-software-cloud solution)
  • The vision of the company is to provide medical checkup services at lower cost and in shorter time. Aim to improve access to medical care in urban areas as well as remote areas by using easy-to-operate, portable devices as a base
  • FDA application and approval for colposcopy is expected in 2021, and application for intraoral camera is pending by the end of 2021

Future Expansion

  • Aiming FDA approval in the United States
  • Accelerate its business development in India where its colposcopy has been approved as well as futher expansion to Africa
NSV
Founder, CEO

Som Pathak

Operating Countries

Planned Entry into Africa,

Sector

Medical Services,

Stage

Early/

Fund

AHF 1,

Business Overview

  • End-to-End procurement solutions for medical institutions (hospitals and clinics) and pharmacies in Nigeria. (more than 3,000 healthcare facilities)
  • Delivery is made within 24 hours in Nigeria as soon as the order is received

Future Expansion

  • Further expansion in Nigeria
Drugstoc
Founder, CEO

Temie Giwa-Tubosun

Operating Countries

Nigeria,

Sector

Medical Services,

Stage

Early/

Fund

AHF 1, AHF 2,

Revital Healthcare

Business Overview

  • Revital Healthcare (EPZ) Limited is located in the Special Export Zone and manufactures and sells medical supplies such as disposable syringes. Domestic sales and exports to neighboring countries (from East African countries to SADC countries and further to Nigeria, etc.)
  • The largest medical supply manufacturing plant in Sub-Saharan Africa and the only WHO certified disposable syringe manufacturer in Sub-Saharan Africa (WHO-PQS certified AD / RUP Syringe Manufacturer in the region)
  • The funds will be used to enhance production capacity by adding an injection molding manufacturing machine and adding to existing equipment such as needle manufacturing machines
  • Revital is building its business strategy with a view to entering into OEM contracts with major medical equipment manufacturers in the future

Future Expansion

  • Expansion of its product lines
  • Business development to new countries exports
Revital Healthcare
Founder, CEO

Rajni Vora

Operating Countries

Kenya,

Sector

Medical Services,

Stage

Growth/

Fund

AHF 1,

Business Overview

  • Community water franchise development
  • Purify tap water, well water, etc. with simple equipment at each franchise store. Sells 20 liters of drinking water (meeting WHO standards) for about $1.5-2. In addition to water, the company is expanding its product line to include porridge and LPG sales
  • 154 franchises in 7 countries (Rwanda, Uganda, Kenya, Tanzania, DRC, Zambia, and Burundi) as of the end of June 2022. Selling JIBU Water at 8500 locations including other retail outlets

Future Expansion

  • Further expansion to other Sub Sahara countries through Area Master Franchise scheme.
  • Enhancing its product lines, such as porridge and LPGs, to become essential convenient stores in communities
JIBU
Founder, CEO

Randy Welsch, Galen Welsh

Operating Countries

Kenya, Rwanda, Uganda, Tanzania, Burundi, DR Congo, Zambia,

Sector

Health Preservation & Public Health, Food,

Stage

Early/Growth/

Fund

AHF 1,

Business Overview

  • The company produces and supplies FMCG such as cooking oil (Tena), detergent/soap (555, Aura), pasta, etc. domestically in Ethiopia

Future Expansion

  • Expansion of the production facilities
Bluebird Holdings
Founder, CEO

Saad Aouad (54Capital CIO)

Operating Countries

Ethiopia,

Sector

Health Preservation & Public Health, Food,

Stage

Growth/

Fund

AHF 1,