Afreximbank and MobiHealth Sign Project Preparation Facility to Drive Digital Healthcare Solutions Across Africa

By Stermy 2 Min Read

The compact of The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) is directed towards propelling Mobihealth’s telemedicine amenities in Nigeria and scrutinizing the plausibility of introducing akin amenities in Egypt, Ghana, Kenya, and Cote d’Ivoire.

Per the compact, Afreximbank will furnish pecuniary backing for project preparatory undertakings, harnessing MobiHealth’s telemedicine platform, initially trialed in Nigeria, to burgeon into the four added nations.

This endeavor strives to institute a web of telemedicine clinics across Africa, outfitted with outpatient installations. With a project preparatory provision of up to US$1.5 million, the aspiration is to propel the project towards bankability, unleashing further investments gauged at US$65 million.

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The preparatory provision will expedite the deployment of digital healthcare resolutions, refining ingress, proficiency, and caliber healthcare.

MobiHealth’s platform employs local and diaspora medical specialists to diagnose and proscribe to patients remotely, dwindling waiting and commutation durations and dismantling barricades for underserved demographics.

Afreximbank will additionally function as the leading arranger for senior indebtedness syndication for project execution.

The MobiHealth transaction sprang forth from the Africa Investment Forum (AIF) podium, particularly under its ‘Women as Investment Champions’ initiative. Afreximbank, as a foundational collaborator of AIF, played a pivotal role in galvanizing a US$1.0 million grant for MobiHealth from the United States Trade and Development Agency (USTDA).

Mrs. Kanayo Awani, Executive Vice President of Afreximbank, articulated confidence about the endeavor, affirming that it would reconfigure healthcare service conveyance across the continent.

Dr. Funmi Adewara, CEO of MobiHealth, embraced Afreximbank’s backing, accentuating its momentousness in expediting the expansion of digital healthcare resolutions.

Mrs. Chinelo Anohu, Senior Director of AIF, underscored the importance of bolstering a female-led startup like Mobihealth, notably in surmounting financing quandaries and tackling healthcare ingress quandaries in Africa.

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