mPharma joins Morgan Stanley’s inaugural sustainable business collaborative cohort

AFRICA – The Ghanaian healthcare start-up mPharma has joined a list of five breakthrough innovative companies that will receive awards and participate in Morgan Stanley’s first initiative that aims to advance systemic solutions for complex sustainability challenges across the World. mPharma is revolutionising the drug supply chain in Africa using the tools that make e-commerce convenient and profitable to make health care accessible and affordable. The start-up joins some of the most innovative companies that are changing the game in sustainable business solutions by becoming one of the chosen few companies…

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Medical textiles company Lamatem secures US$7m loan from EBRD and EU

MOROCCO – Lamatem, a Moroccan producer of high-‎end ‎medical garments, has secured €6 million loan (US$7.05m) from The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) to help the company increase its exports to European markets. The investment will help Lamatem to increase its supply of medical protective equipment and to offer a more diverse range of products, through the use of a state-of-the-art sterilisation machine, to local and European medical suppliers. Lamatem will also diversify its energy supply and boost the use of renewables, with the…

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E-health startup CribMD raises US$2.6m seed round for its expansion plan

NIGERIA – CribMD, an e-health startup which describes itself as “Uber for doctors”, has raised a US$2.6 million seed round from US accelerator Sputnik ATX and The Guardian Nigerian, as it looks to expand upon its initial traction. Launched in June 2020, CribMD connects users with doctors for house calls and telemedicine services via its on-demand platform, allowing them to schedule appointments from the comfort and safety of their home, on their own schedule. “We’re revolutionising each and every step of the care process, from affordability, patient-provider matching, to billing, to health…

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Rand Pharmaceutical receives investment funding from FNB Business and Edge Growth to fuel enterprise expansion

SOUTH AFRICA – Rand Pharmaceutical Distributors(Rand Pharm) has received investment funds from FNB Business and Edge Growth through the Vumela fund. Edge Growth Principal and lead deal maker, Vuyiswa Nzimande, says the investment is targeted at supporting an acquisition that will boost capacity and create new partnerships that will result in sustained long-term growth. Rand Pharmaceutical Distributors earned the fund through their long history to invest in its people and local communities. The distributors have a track record in wholesale and distribution of pharmaceutical supplies. However, despite 20 years of…

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