MOROCCO – Orange has teamed up with Axa Assurance in Morocco to acquire a majority stake in health-technology company DabaDoc, as part of the group’s long-term goal to establish itself as a multi-service digital operator in Africa and the Middle East.
The financial terms of the transaction have not been disclosed.
Orange Africa and Middle East and Axa Assurance Maroc will jointly acquire the stake, with the pair running DabaDoc alongside its founders.
DabaDoc, which was set up in 2014, is an online platform offering access to healthcare services in Africa. DabaDoc has developed solutions that are used by thousands of healthcare professionals in Morocco, Tunisia and Algeria.
The deal will enable DabaDoc to benefit from the broad experience of AXA, one of the global leaders in health insurance, and Orange’s technological expertise and payment solutions in African healthcare ecosystem.
“The deployment of this type of solution in the countries where we are present will greatly facilitate populations’ access to healthcare services, which is essential to the continent’s development,” he added.
DabaDoc Co-founder Zineb Drissi-Kaitouni expressed the importance of the investment in driving the company’s growth ambitions, while sharing the now ubiquitous message that the importance of the digitalization of healthcare services has rocketed as a result of the Covid-19 pandemic