News Release
- ALL
- Press Release
- Seminar/AAIC Content
- Media
- Investment Information
- Recruitment/Others
- Representative of the Kenyan subsidiary, Ishida, spoke at "Making More Health Together 2025" held in Germany.
- Five AAIC fund portfolio companies selected as one of Time magazine's 100 World's Top HealthTech Companies of 2025
- Double Award for AAIC Portfolio Company, Rology at the “Africa Month in Kobe – Africa Business Forum 2025”
- CEO Tsubaki Speaks at the " Economic Partnership in Indian Ocean-Africa Forum - Towards African prosperity through Japan-Indian Ocean collaboration " Hosted by Nikkei Inc. (Event Report)
- At TICAD 9, two AAIC Africa Healthcare Fund investment companies signed MoUs with Japanese companies (Implementation Report)
- AAIC Investment invests in AI-powered fetal ultrasound analysis platform DeepEcho , which receives 510(k) clearance from the U.S. FDA
- Three AAIC Fund Portfolio Companies Selected for Financial Times' Africa's Fastest-Growing Companies 2025
- Raises US $9.6 Million to Expand "bricks-and-clicks" Pharmacy Model in East Africa
- Rology (AAIC invests as AHF1) and the University of Hyogo Sign Landmark R&D MoU to Advance Radiological Innovation
- JICA Hosted a Demo Day for Startups in Uganda (Event Report)
- AAIC Investment had a partial exit from the Dialysis Business in $ 20 Million fundraise led by Africa50 and Africinvest
- The Africa Fund (AHF2), managed by AAIC Investment, has received new participation from financial institutions and listed companies. The total size of AHF1 and 2 is US$87 million (approximately 13 billion yen)
- AAIC Holdings Invests in The Baobab Network
- AAIC Investment – Africa Innovation & Healthcare Fund (“AHF 2”) invests in Credable
- AAIC Africa Innovation & Healthcare Fund (“AHF2”) invests in Yodawy
- AAIC Investment signs Memorandum of Understanding (MOU) with Drugstoc and Revital Healthcare
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- AAIC CEO Tsubaki on panel at Policy Recommendations by UNDP Launch event
- Ishida, a Representative of AAIC Kenya, was featured in Forbes AFRICA's special issue on Kenya
- Two of AAIC Investment's portfolio companies, AHN and JIBU, were ranked among the top 100 companies in "Africa's fastest-growing companies" by FINANCIAL TIMES.
- The Nikkei Newspaper featured AAIC's African Operations
- Tsubaki, CEO of AAIC, spoke at the seminar hosted by the Ministry of Agriculture, Forestry and Fisheries
- AAIC CEO Tsubaki appeared on "Nikkei News 9”
- The article on AAIC Investment Pte. Ltd.'s investment in Credable Group appeared in a Singapore Shimbun
- The Asahi Shimbun newspaper reported on AAIC Investment Pte. Ltd.'s fund activities in Nigeria (about innovation breakthroughs in Africa)
- The Serbia iteration of JICA’s Global Project NINJA ‘DEMO Day Feb 3, 2023’
- AHF1 Investee, Kenyan insurtech Lami raises US$3.7M led by Harlem Capital and expands its business to Egypt and Nigeria.
- Africa Healthcare Network emerges as dialysis care leader in East Africa
- AAIC Africa Healthcare fund investee, Lami has been selected as 50 fintechs driving opportunities for financial inclusion during global recovery
Companies
Sector
Stage
Fund
Region/Area
Countries
Business Overview
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- DeepEcho is a health-tech startup based in Morocco using AI to automate fetal ultrasound analysis and improve prenatal care \r\n
- Their technology helps healthcare providers, especially in low-resource settings, conduct and interpret pregnancy ultrasounds without needing a specialist on-site \r\n
- The AI guides users through scan acquisition (e.g., blind sweeps) and analyses images in real time to detect fetal position, gestational age, and other key metrics \r\n
- This approach aims to address the shortage of trained sonographers and reduce maternal and neonatal risks through earlier, more accurate screening \r\n
- DeepEcho partners with clinics and health systems to integrate its solution into existing care workflows \r\n
Future Expansion
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- DeepEcho plans to expand into North Africa and East Africa in the near future \r\n
- The company is focused on scaling access to its AI tools across public and private healthcare systems in these regions \r\n
Business Overview
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- Support for the recruitment and training of foreign talent(foreign human resources) worldwide, 'Connect Job」/「Fourth Valley Academy' \r\n
- Survey of Migration Policies in the World and Policy Recommendations / Public Utilities ‘Next Generation Alien Admission Study’ \r\n
- Sales of the ‘HireRoo’ programming test for IT engineers \r\n
- Various related businesses use the human resources database (global marketing research, study abroad business, etc.) \r\n
Future Expansion
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- Development of African talent and matching with Japanese companies \r\n
- Expansion of a global talent-matching platform \r\n
Business Overview
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- 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. \r\n
Future Expansion
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- Further expansion of Cameroon operations and expansion into other Frech-speaking countries such as Cote d'Ivoire and Senegal. \r\n
Business Overview
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- Provides precision medicine (research/diagnosis) in the field of cancer using state-of-the-art technology. \r\n
- DNA and diagnostic data on cancer patients are currently being collected and databases are being established in seven African countries, including Ghana. \r\n
Future Expansion
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- Projects are promoted for major pharmaceutical companies and international organisations. \r\n
Business Overview
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- 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. \r\n
Future Expansion
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- Expansion of solutions business to power generation, transmission and distribution, mining and farming. \r\n
Business Overview
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- Hyrax provides an automated platform to simplify complex DNA sequencing analysis such as HIV AIDS and TB. \r\n
Future Expansion
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- Advance sales to major sequencing manufacturers. \r\n
- Further development of their platform. \r\n
Business Overview
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- Provide a system service where users can order pharmaceutical products for major insurance companies and others. \r\n
- Sell microfinance, starting at a premium of about USD1 per month. \r\n
Future Expansion
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- Expansion of existing businesses in Africa \r\n
Business Overview
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- 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. \r\n
- Ubie is promoting the creation of a society in which everyone can access healthcare that suits them. \r\n
Future Expansion
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- Using data and providing high-value-added services for pharmaceutical companies \r\n
Business Overview
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- Operates a medical tourism platform. \r\n
- 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. \r\n
- Partner hospitals are not limited to Kenya but are located worldwide. \r\n
Future Expansion
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- Insurance partnerships – collaborating with health insurers and brokers to improve medical service for insured policyholders. \r\n
- Referral partner network – cooperating with medical tourism providers & travel agents to facilitate client referrals. \r\n
- Expansion of the network of affiliated hospitals \r\n
Business Overview
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- 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） \r\n
- The platform is designed such that it takes care of the patient throughout their entire health journey, from consultation to aftercare. \r\n
Future Expansion
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- Expansion into new markets (Africa and Asia). \r\n
- Expansion of markets in existing markets (into regional cities), increase in services offered \r\n
Business Overview
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- 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 \r\n
- The platform also enables consumers & merchants to make and receive any local and international payments through their mobile money accounts. \r\n
Business Overview
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- Yodawy is a virtual pharmacy chain powered by technology to facilitate access to medication and deliver a world-class experience to patients. \r\n
- They partner with pharmacies, insurance companies and healthcare providers. \r\n
- Facilitate access to on-demand over-the-counter & prescriptions with the Yodawy App. \r\n
- Facilitate seamless monthly medication refills with the Yodawy Care Program. \r\n
- As of March 2024, they had processed 4 million prescriptions and partnered with 3,000 pharmacies. \r\n
Future Expansion
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- Pilot expansions in UAE & KS. \r\n
Business Overview
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- Lapaire is an optical retailer with 100 outlets across 8 countries; Benin, Burkina Faso, Ivory Coast, Mali, Togo, Uganda, Tanzania and Senegal as of June 2025. \r\n
- They process their lenses and also outsource from a European manufacturer with offices in Africa. \r\n
- They offer transparent pricing and flexible payment methods including insurance coverage, financing, and in-store payment. \r\n
- They have a team of opticians and optometrists that perform free vision testing for all their customers \r\n
Future Expansion
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- The company has 100 branches with the plan to expand to 300 branches in Africa \r\n
Business Overview
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- Zanifu is a financial technology company providing inventory financing (credit) to micro, small and medium-sized businesses in Kenya. \r\n
Future Expansion
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- Uganda has been identified as a potential next market. \r\n
Business Overview
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- ILARA HEALTH is a primary healthcare enabler leveraging on technology to give private clinics access to diagnostic devices and pharmaceutical products on credit. \r\n
Future Expansion
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- Uganda has been identified as a potential next market \r\n
Business Overview
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- Digital banking platform providing software infrastructure to consumer-facing businesses which allows them to extend banking/financial services to their customers. \r\n
- B2B2C model and a partnerships based models with Financial Insitutions, Fintechs and businesses \r\n
- Multinational expansion into sub-Saharan Africa \r\n
Future Expansion
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- Entering West Africa \r\n
- Leverage data to build a 'Trust Score" and other data products across emerging markets. Think of FICO for Africa \r\n
Business Overview
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- Provides dialysis services in high demand in sub-Saharan Africa at high quality and competitive prices. Operating more than 50 clinics in four countries: Rwanda, Tanzania, Kenya, and Zambia. (as of June 2025) \r\n
- Multinational expansion into sub-Saharan \r\n
- Model of partnering with hospitals to establish dialysis centers within hospitals with revenue sharing \r\n
Future Expansion
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- Accelerating expansion in Tanzania and Kenya. Expanding further into other countries. \r\n
- Aiming to become the largest dialysis chain in Africa \r\n
Business Overview
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- 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 \r\n
- Establishment of primary, secondary care, and advanced medical care hospitals to enable complete examinations and treatment in Kenya \r\n
- 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 \r\n
Future Expansion
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- Huruma Hospital, established in 2019, will be able to accept NHIF (National Health Insurance) patients from 2020 \r\n
- Establishment of an advanced medical center in Limuru (neighboring county of Nairobi) in the medium to long term \r\n
Business Overview
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- Utilises a CVS-inspired B2B business model: establishment of clinics enabling simple check-ups and treatments for chronic condition patients; complete with pharmacies \r\n
- Provides affordable quality care for under-insured blue-collar workers in East Africa \r\n
- Offers medicine delivery to patients’ offices or homes directly \r\n
Future Expansion
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- Developing a home-care medical service utilizing telemedicine and providing subscription services after COVID-19 \r\n
Business Overview
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- A maternity hospital that specializes in obstetrics and gynaecology targeting primarily middle- and low-income groups. Premium services are also provided \r\n
- Provides innovative services includes internet appointment booking, remote care and monitoring through mobile and messaging \r\n
- A second hospital in Nairobi launched in 2021 \r\n
Future Expansion
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- Third hospital will be launched in Q3 2022 \r\n
- Further expansion from Nairobi to regional large cities \r\n
Business Overview
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- Online retail pharmacy that allows patients to purchase high quality medicine and wellness products through its website and mobile app \r\n
- Medicines are delivered by qualified professionals who also advises patients on proper dosages and usages at one’s doorstep \r\n
- Utilizes track-and-trace mechanisms to allow users to authenticate products and verify sources through the app \r\n
Future Expansion
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- Increasing the number of SKUs \r\n
- Partnering with a telemedicine companies to deliver a seamless service \r\n
- 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. \r\n
Business Overview
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- Operates the biggest online medical appointment booking platform, as well as a healthcare professional search engine platform for patients \r\n
- 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 \r\n
Future Expansion
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- Vertical integration by adding e-pharmacy and AI based pre diagnostic services. \r\n
Business Overview
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- Online medical marketplace that specializes in providing authenticity guaranteed dental products by tackling widely distributed fake products in Egypt \r\n
- 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 \r\n
- Its latest innovation includes DC+, an inventory management digital cabinet product \r\n
Future Expansion
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- Accelerating its growth in Egypt as a market leader and further expansion to neighboring countries in Middle East and Sub Sahara countries \r\n
- Plan to expand to Saudi Arabia \r\n
Business Overview
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- 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。 \r\n
- 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 \r\n
Future Expansion
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- 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 \r\n
Business Overview
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- The first platform of its kind to offer instant cross-border mobile-based money transfers in Africa \r\n
- 5million users registered, more than 5billion USD transaction through the platform per month. \r\n
- Other services include business payment solutions, cryptocurrency trading and other investment options \r\n
Business Overview
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- Operates an asset-free logistics platform that connects both its corporate and individual clients with independent drivers for goods delivery using its app \r\n
- Launched Sendy Supply and Sendy Freight to better connect their clients with end users directly \r\n
- Besides transportation, the firm also offers automated fee calculation, payments collection services and strives to further strengthen its cross-border delivery services \r\n
Future Expansion
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- Expansion to other East African Countires (Tanzania) and West Africa (Nigeria, Ghana) \r\n
Business Overview
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- A tech platform that utilizes data science and software to offer affordable health insurance plans to individuals and families \r\n
Future Expansion
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- Further expansion in Nigeria \r\n
- Develop the new product for diaspora \r\n
Business Overview
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- Aims to transform healthcare on the African continent by providing EMR to healthcare facilities (more than 300 facilities and 5,000 medical practioners) \r\n
Future Expansion
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- Further expansion to African countries and GCC countries \r\n
Business Overview
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- Strives to be the online mental health platform for Arabic-speaking populations globally \r\n
- Users can choose their preferred therapists and receive therapies and treatments on its digital platform \r\n
- It plans to expand into text-based therapy sessions as well as wellness coaching programs for corporates \r\n
Future Expansion
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- Business expansion in the Middle East and North Africa Region \r\n
- Aims to support those native Arabic speaking patients in the world \r\n
- Plan to enter South Africa market through joint venture \r\n
Business Overview
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- Solves the problem of shortages of radiologists by offering a digital platform that remotely and instantly connects these professionals with demands from hospitals \r\n
- Other functions on its platform includes an AI-enabled DICOM viewer, which increases the productivity of radiologists and decreases turnaround time \r\n
Future Expansion
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- Accelerate its business expansion to Middle East and Sub Sahara Africa countries \r\n
- Enhance AI function in teleradiology \r\n
Business Overview
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- Aims to be the Super App of West and Central Africa \r\n
- Its main focus is on transportation and its extended businesses are Gozem wallet / finance, food delivery, insurance and drug delivery \r\n
- All offered through its app \r\n
Future Expansion
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- Further expansion to more cities within four operating countries \r\n
- Aiming a comprehensive Super App including asset-finance, delivery, Gozem mone/wallet etc. \r\n
Business Overview
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- A neuromodulation medical device consisting of a mask and headphones that uses audiovisual stimulation to manage chronic pain \r\n
- A Class II NSR medical device \r\n
- 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 \r\n
Future Expansion
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- Aiming FDA approval in the United States \r\n
- Upon receipt of FDA approval, accelerate its business development in US as well as globally \r\n
Business Overview
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- Aims to shape the healthcare industry by launching next-generation technologies and medical communications platforms \r\n
- 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 \r\n
Future Expansion
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- Established a subsidiary in Nairobi, Kenya \r\n
- Connecting a service provider in a rural area to a medical professionals and specialists in an urban area \r\n
Business Overview
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- An InsurTech start-up utilising a B2B2C business to provide custom-made and affordable digital insurance plans to African populations \r\n
- Its API platform leverages cloud computing and other technologies to support the seamless application, purchase and payment of plans \r\n
Future Expansion
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- Partnering with a company that sell insurance, such as a car dealer and a bank \r\n
- Developing embedded products for E-commerce \r\n
- Utilizing an existing partnership to expand to other countries \r\n
Business Overview
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- 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. \r\n
- The company's systems are used in the latest wearable models from leading brands(Tag Heuer, Louis Vuitton, etc.) \r\n
Future Expansion
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- Expanding a worldwide business of biometric data solutions in collaboration with insurance companies, medical institutions and research institutes worldwide. \r\n
Business Overview
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- An agency banking platform focusing on the availability and convenience of cash transactions for consumers and merchants \r\n
Future Expansion
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- Further expansion through the partnership with 6,000 pharmacies and gas stations \r\n
Business Overview
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- 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 \r\n
- 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 \r\n
Future Expansion
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- Alliance with telecommunication carriers \r\n
- Incorporation of the package into insurance companies \r\n
- Expand horizontally to other countries such as Uganda and Ghana \r\n
Business Overview
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- 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 \r\n
- The company also delivers medical consumables, vaccines, and other supplies as well as blood \r\n
Future Expansion
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- Continued expansion of services in rural Nigerian cities and major cities in other African countries \r\n
Business Overview
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- Operation and development of an advanced advanced advanced imaging center \r\n
- 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 \r\n
- Stored all imaging data since 2014. Considering business with data, including research activities using data with University of Nairobi Hospital \r\n
Future Expansion
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- In 2022, the 2nd center will be launched in Nairobi \r\n
- Aim to have 10 centers by 2024, including those in regional cities \r\n
Business Overview
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- AI solution business in the healthcare field. Provide AI solutions based on the development of equipment such as colposcopes (hardware-software-cloud solution) \r\n
- 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 \r\n
- FDA application and approval for colposcopy is expected in 2021, and application for intraoral camera is pending by the end of 2021 \r\n
Future Expansion
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- Aiming FDA approval in the United States \r\n
- Accelerate its business development in India where its colposcopy has been approved as well as futher expansion to Africa \r\n
Business Overview
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- End-to-End procurement solutions for medical institutions (hospitals and clinics) and pharmacies in Nigeria. (more than 3,000 healthcare facilities) \r\n
- Delivery is made within 24 hours in Nigeria as soon as the order is received \r\n
Future Expansion
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- Further expansion in Nigeria \r\n
Business Overview
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- 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.) \r\n
- 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) \r\n
- 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 \r\n
- Revital is building its business strategy with a view to entering into OEM contracts with major medical equipment manufacturers in the future \r\n
Future Expansion
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- Expansion of its product lines \r\n
- Business development to new countries exports \r\n
Business Overview
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- Community water franchise development \r\n
- 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 \r\n
- 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 \r\n
Future Expansion
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- Further expansion to other Sub Sahara countries through Area Master Franchise scheme. \r\n
- Enhancing its product lines, such as porridge and LPGs, to become essential convenient stores in communities \r\n
Business Overview
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- The company produces and supplies FMCG such as cooking oil (Tena), detergent/soap (555, Aura), pasta, etc. domestically in Ethiopia \r\n
Future Expansion
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- Expansion of the production facilities \r\n
Business Overview
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- It operates a pharmaceutical B2B end-to-end marketplace that connects pharmacies and suppliers. \r\n
- Providing an inventory management system for pharmacies and an ERP system for suppliers. \r\n
- 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. \r\n
- Aumet is named among the “50 Fastest Growing Companies of the Year 2021” (The Silicon Review). \r\n
Future Expansion
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- Entering other MENA region. \r\n
- Financial support to the Pharmacies, Big Data Businesses \r\n
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
