Connect with us
nairametrics

MSME

How these healthcare startups are changing the narratives in the ecosystem

Published

on

Gerocare

Seeing the challenges faced in caring for the elderly in Nigeria, largely because of the scarcity of fully functional healthcare centres and geriatric homes, Gerocare was set up to bridge the gap for the shortfall of available healthcare targeting the aged.

The risk of health failing is higher with the elderly especially when left alone. Most times the children are in the cities ‘hustling’ or even outside the country.

Once signed up on the platform, the elderly get regular affordable home visits by medical doctors to ensure improved qualities of life by keeping them healthy, comfortable and happy while at the same time enabling their children (who subscribe to the service) to follow their parents’ or elderly loved ones’ care real time with a mobile application‎ no matter where they are in the world – no matter what city their parents are in Nigeria. The platform has registered health caregivers including medical doctors spread across the country.

Launched officially in May 2017, this online healthcare service is headed Dr. Ebi Ofrey, a medical practitioner with more than 15 years’ experience. The platform has also recorded some successes despite initial apathy to the startup by Nigerians. According to Dr. Ofrey:

“Nigerians have a poor preventive health culture; they feel there is no need to see a doctor until they are ill when, in fact, it may be too late. So, there is a need to create awareness to help them understand that the reason why they are fine is the reason why they should now –  it is cheaper, the person will have less recovery to go through and the quality of life will be maintained.”

The range of services/products includes:

GTBank 728 x 90
  • Scheduled visits and check-ups.
  • Ambulance services for quick responses during emergencies.
  • Monitoring of personal health for the elderly.

 

LifeBank

Temie Giwa-Tubosun, the founder and CEO of LifeBank, established the platform in 2015 to help reduce blood shortage in the country.

Coronation ads

The platform provides a record of blood banks available all over Lagos, which allows health centres to find the relevant blood types and order delivery. The company delivers an average of 300 pints of blood a month to more than 170 hospitals across the state. The technology and logistics startup uses technology to discover blood and deploys this information to hands of various hospital clients.

Explaining how the system works, Giwa-Tubosun said:

“Let’s say you’re a donor, I register on the platform and I book an appointment, LifeBank finds the closest blood bank to you. It books an appointment for you at the blood bank. You go to the blood bank you give blood… We have about 3,000 donors registered on our platform who’ve agreed to give blood to save lives. Our goal is to get to one million active donors for our donor app. We also have a goal to get to every hospital, every single hospital within Lagos in the next 2 years.”

Through the app, medical professionals can order blood from about 25 blood banks in Lagos. Orders are filtered by blood type, location, and urgency. LifeBank’s logistics team then stores the blood in a cool chain system—keeping it at 10 degrees Celsius—and transports it in a Bluetooth-padlocked box that only the intended recipient can open.

Over the next 2 years, the platform intends to move 100,000 products to 2,000 hospitals and save 100,000 lives. They are also building a movement of a million Nigerians ready and willing to give blood to save lives. The platform has been successful at encouraging more people to save lives by becoming blood donors.

The digital blood bank recently raised  $200,000 in seed funding to enable nationwide expansion. Investors in this seed funding include EchoVC and Fola Laoye — an angel investor with over 20 years of experience in Nigeria’s healthcare industry and participation from CcHub.

Jaiz bank ads

Kangpe

Stanbic IBTC

This Y Combinator startup aims to cash in by providing Africans with a platform to contact doctors remotely through their mobile devices.

Kangpe helps to bridge the gap between doctors and patients in the country by allowing users from all over Africa to ask health questions anonymously and get answers from real and verified doctors in less than 10 minutes. Doctors get paid for every answer they provide that patients find useful.

Users can access Kangpe’s platform by downloading and installing the mobile app on either a simple or smartphone and typing in medical questions.

It was launched by friends, Femi Kuti, Ope Olumeken and Matthew Mayaki in 2016;  Kuti came up with the idea originally while working as a doctor in the country. As he tells it, friends and patients would constantly hit him up via text about their symptoms and he thought it would be a good idea to turn the advice he was giving out for free into a startup.

It currently operates in Ghana and Kenya as well, potentially serving a combined population of roughly 245 million people at the moment. According to Kuti, the startup has so far on-boarded 60,000 users.

Drugstoc

This Nigerian pharmaceutical platform is getting worldwide recognition for easing access to regulated wholesale drugs to those who are qualified to sell or retail them. Whether one is a pharmacist, doctor, hospital, or pharmacy you can check prices, compare, and order all pharmaceutical products available in Nigeria directly from hundreds of first-tier distributors nationwide at the click of a button.

The app ensures that every hospital, pharmacy or facility signed up to the platform can receive safe and good quality drugs in the fastest, safest, cheapest and most efficient way possible, while effortlessly cutting off counterfeit medication and supply chain disruptions.

How the platform works

app
  • Browse thousands of NAFDAC registered drugs available from accredited wholesalers in Nigeria.
  • Find the right brand for patients by comparing similar compositions, manufacturers, and country of origin.
  • Use logistics and get bulk orders within 48 hours and rush orders on the same day.
  • Flexible payment options – cash on delivery, secure online payment, and available credit options.

There is still much room for improvement in the healthcare sector in the country but these startups are taking steps in the right direction. Hopefully, we will get to see more healthcare startups focused on mother and child health care, among others, in the country which would be accessible in villages and remote communities.

 

 

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via [email protected]

MSME

Payroll Support Program: FG pays 101,567 beneficiaries first-month salary

The President announced thousands of beneficiaries received their first monthly payment from our Payroll Support Program.

Published

on

Payroll Support Program, President Buhari appoints 9 Chief Executives for government agencies, Nigerian British firm, Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months [Full-List] , JUST IN: Buhari submits 2020 MTEF to Senate , FG to intervene in tech operation as lockdown causes chaos in tech market

President Muhammadu Buhari has announced that 101,567 beneficiaries, drawn from 16,253 businesses, received their first monthly payment from the Payroll Support Program yesterday.

This information was disclosed in a tweet by the official Twitter handle of the President.

READ: FG to slash import duties on tractors, buses, others in 2020 Finance Bill

READ: NCC tops lists of 25 most ethically-compliant regulators in Nigeria

GTBank 728 x 90

The President also disclosed that the program is an initiative by the Federal Government of Nigeria to ensure that Nigerian MSMEs survive, as the Federal Government supports qualifying MSMEs with staff salaries for 3 months.

READ: How FG saved over N206 billion in 2 years -IPPIS

Why this matters

Coronation ads

The stimulus package would go a long way to assist businesses in averting massive job loss or a crash of the business enterprise. The fund is expected to place affected businesses, which are beneficiaries of this fund, on the path of survival and sustainable growth.

READ: FG says 174,574 successfully register for N75 billion MSME survival fund in 48 hours

What you should know

In July, Nairametrics reported that the Federal Government had announced plans to roll out a N2.3 trillion stimulus package and survival fund for Micro, Small and Medium Enterprises (MSMEs) to stay afloat amid the economic challenges imposed by the pandemic.

READ: FG proposes a reduction of minimum tax rate next fiscal year

Jaiz bank ads

The stimulus package, which is under the National Economic Sustainability Plan (NESP), includes payroll support for three months and guaranteed off-take schemes, among others.

Stanbic IBTC

A month ago, Nairametrics reported that 70,000 businesses in Nigeria had been shortlisted from the 432,000 businesses that applied for the Payroll Support from the Federal Government’s Survival Fund Grant Scheme.

Continue Reading

MSME

Development Bank of Nigeria disbursed over N150 billion in 3 years

52% of loans disbursed by Development Bank of Nigeria in 2019 were to youths and women-owned businesses.

Published

on

Development Bank of Nigeria , Companies Allied Matters Act (CAMA)

Development Bank of Nigeria has disbursed over N150 billion since 2017 through twenty-seven (27) participating financial institutions, impacting close to 100,000 MSMEs through the process.

This is according to a disclosure by the Government of Nigeria, as seen by Nairametrics.

READ: CBN’s NCR facilitates N1.2 trillion loan For 155,000 MSMEs

READ: DBN meets SMEs’ financial need with over N70 billion

What you should know

GTBank 728 x 90

A verified tweet by the Government revealed that in 2019, 52% of the loans disbursed by the Development Bank of Nigeria were to youths and women-owned businesses.

READ: MSMEs crucial to providing employment to growing workforce – Peugeot Boss

Coronation ads

What they are saying

The Government of Nigeria tweeted “#DYK 52% of loans disbursed by @DevBankNG in 2019 were to youths and women-owned businesses. Since 2017, the Bank has disbursed more than N150 billion through 27 Participating Financial Institutions (PFIs), impacting close to 100,000 MSMEs.”

READ: DMO offers N50 million worth of FGN savings bond for subscription

Why it matters

The recent disclosure is in line with the present regime’s drive to diversify the economy and expand opportunities for youths and women, bridging the social exclusion gap, and ensuring prosperity for all.

Jaiz bank ads

(READ MORE: #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities)

Stanbic IBTC

The efforts by the Development Bank of Nigeria complements other social programmes introduced by the government and targeted towards Youths and Women, such as the Special Grant to Rural Women, Nigeria Youth Investment Fund, National Young Farmers Scheme, amongst others.

Continue Reading

MSME

FG commences disbursement of N20,000 special grant to rural women

Special grant project will see over 700,000 women empowered with N20,000 each.

Published

on

The Federal Government has commenced the disbursement of the N20,000 special grant to women in rural areas of Gombe state.

This is according to a verified tweet by the Federal Ministry of Humanitarian Affairs, as seen by Nairametrics.

Recall that Nairametrics had earlier reported the flag-off of the special grant project for rural women, initiated by the Federal Government, which will see over 700,000 women empowered with N20,000 each.

What they are saying

Commenting on the latest development, the verified tweet reads thus:

GTBank 728 x 90

MAKE GOOD USE OF THE CASH GRANT”– Umar Faroq tells Rural Women.

The HM @FMHDSD @Sadiya_faroq has urged rural women in Gombe state to use the one-off cash grant given to them by the federal government to improve the lives of their families.

Coronation ads

What you should know

The rural women’s programme was introduced in 2020 by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development as part of President Muhammadu Buhari’s social inclusion and poverty reduction agenda.

It includes the realization of the national aspiration of lifting 100 million Nigerians out of poverty in 10 years.

The Grant for Rural Women is designed to provide a one-off grant to some of the poorest and most vulnerable women in rural Nigeria.

Jaiz bank ads
Continue Reading