Tinubu Launches Energy Reforms to End Power Crisis in Nigerian Hospitals
President Bola Ahmed Tinubu has unveiled a comprehensive energy reform plan designed to end the recurring power supply crisis in…
Category: Health
CBN Blames Governors and Lawsuits for Delay in N85bn Healthcare Project Across 774 LGAs
The Central Bank of Nigeria (CBN) has attributed the delay in completing a nationwide healthcare project to pending litigations instigated…
Nigeria’s health budget too low to address challenges — Bill Gates
US billionaire and Gates Foundation Chair Bill Gates has expressed deep concern over Nigeria’s insufficient health budget, warning that it…
Landmark achievements in health, trade under Governor Bisi Onabanjo (1979–1983): Timothy Odeyemi’s role
During Nigeria’s Second Republic, the government of Chief Victor Olabisi “Bisi” Onabanjo (1979–1983) marked a transformative era in Ogun State’s…
Lilly invests further $5.3 bln in new Indiana site as obesity drug demand soars
Eli Lilly is making a massive investment to address surging demand for its weight-loss and diabetes drugs, Zepbound and Mounjaro.…
U.S. Healthcare Sector Shows Signs of Revival Amidst Cheap Valuations and Investor Interest
The U.S. healthcare sector is experiencing a resurgence, marked by a 6% climb in the S&P 500 healthcare sector since…
Michigan Healthcare Provider McLaren Confirms Cyberattack Compromised Data of 2.2 Million Patients
McLaren Health Care, a Michigan-based healthcare provider, has confirmed a cyberattack that compromised the sensitive personal and health information of…
AAIC Investment Raises $40 Million for Africa Innovation & Healthcare Fund II
AAIC Investment has announced the successful second close of the Africa Innovation & Healthcare Fund (AHF) II, securing an additional…
$1.5 Billion COVID-19 Delivery Scheme Halted, Leaving Thousands of Health Workers Unpaid
Over 22,000 health workers, including Nigerians, have been left stranded after a $1.5 billion COVID-19 delivery scheme, backed by the…
Genomics Startup 54Gene Initiates Closure After Securing $45 Million Funding
54Gene, a genomics startup co-founded by Abasi Ene-Obong, has begun the process of winding down its operations after successfully raising…
Revolutionary Fundraising Blitz: RH Managers Spearheads R2-billion South African Impact Fund!”
Johannesburg-based private equity and infrastructure powerhouse, RH Managers (RHM), is igniting a fervent fundraising campaign, aiming to secure a staggering…
Remedial Health Raises $12 Million to Digitize Pharmacy Operations in Nigeria
Nigerian startup Remedial Health has secured $12 million in a Series A equity-debt funding round, co-led by Fintech VC firm…
M4A (Pty) Ltd, a Leading OEM, Secures Private Equity Partnership for Expansion
M4A (Pty) Ltd, an Original Equipment Manufacturer (OEM) specializing in various products, including passive network infrastructure for fibre networks and…
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured…
Transform Health Fund holds its first closure under AfricInvest management.
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round of financing,…
Accra Medical Center and IFC collaborate to increase access to affordable healthcare in Ghana
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its operations in…
Al Ahly Capital is Leading the Expansion of an Egyptian Outpatient Clinic Network.
Dawi Clinics, Egypt’s largest outpatient clinic network, has signed a funding agreement worth EGP 250 million with Al Ahly Capital…
Neimeth plans to expand its base.
The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to increase revenue and earnings, according to…
Khulisani Ventures of MIC invests in Quro Medical.
MIC has invested R25 million in the firm, which is revolutionizing the way healthcare is delivered in South Africa, through…
XRP and Bunratty Plan Roll Up Strategy for Africa’s Healthcare Market.
By pursuing mergers and acquisitions of small and medium-sized private healthcare enterprises that are in line with its strategic vision…
TPG-backed Healthcare Group Secures Financing from IFC.
On April 25, 2023, in Nairobi, Kenya—IFC announced an investment in Kenyan healthcare provider Avenue Group Limited. The funding will…
Annual Malaria Cases in Nigeria Total 55 million, According to FG.
According to the Federal Government, there are an estimated 90,000 malaria-related fatalities and 55 million malaria cases in Nigeria each…
Reps Seek Compulsory 5 Year service to Nigeria by Doctors before Going Abroad.
The House of Representatives has approved a bill in second reading that would limit the number of medical and dental…
Vaccines: NAFDAC And Pharmaceutical Companies Have Partnered To Achieve WHO Maturity Level 4.
As part of efforts to achieve World Health Organization (WHO) Maturity Level 4 status and establish Nigeria in the league…
Nigeria Misses 70% Vaccination COVID-19 Goal.
Despite efforts on the part of the federal government to fully immunize 55.3 percent of the country’s eligible population against…
Transform Health Fund wins $50 million in commitments
The Health Finance Coalition (HFC), powered by Malaria No More, and AfricInvest pledged commitments of $50 million for the pan-African…
Nigerian Senators Urges CBN to Annul The COVID-19 N188 billion loan.
Nigerians were provided credit during the COVID-19 pandemic to ease the challenges brought on by loss of income and revenue…
A New PrEP Ring Cuts HIV Infection By 50%.
The Pre-Exposure Prophylaxis (PrEP) ring, also known as the dapivirine ring, can reduce HIV infection in women by 50% if…
China’s Capital has Seen a Gradual Increase in COVID-19 Surge.
The number of fatalities from the most recent COVID-19 outbreak in Beijing, China, has gradually increased as feverish clinic patients…
World Bank Approves $18 Million for Nigeria and Others to Support Effective Disease Surveillance in West Africa.
In order to enhance efficient disease surveillance in West Africa, the World Bank Group has granted a total of $18…