Connect with us
iubh
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
app

Business News

How five Nigerian tech-startups are tackling COVID-19 outbreak

The front line of Nigeria’s fight against Coronavirus seems to be occupied also by tech startups, by providing tech-driven effort amidst the pandemic. 

Published

on

How five Nigerian tech-startups are tackling COVID-19 outbreak

The front line of Nigeria’s fight against Coronavirus seems to be occupied only by the banking industry and billionaire’s club in Nigeria, but when you look closer, there are others, including Nigerian tech startups,  also taking up arms in this battle, providing tech-driven effort amidst the pandemic.

The outbreak has led to a global lockdown, pending the time medical researchers find a vaccine for the Coronavirus. But while the world waits, corporate organisations have been making donations. In Nigeria, banks like UBA, Zenith, and Keystone have provided about N1 billion each to the State and Federal Governments.

But while some banks and corporate companies like GTBank, Access Bank and Dangote have joined forces with state governments, to build Isolation centres for confirmed cases, which have reached 343, tech startups have directed their efforts straight to the people.

Though their efforts seem to be going unnoticed, these tech startups are engaging investors and putting their innovations to use for the benefit of the infected and those stuck at home due to the lockdown, which has been extended to another 14 days.

(READ MORE: 5 agritech investments to consider, as COVID-19 causes uncertainty in stock market)

Nairametrics has compiled a list of five digital startups leading the fight by technologically aiding the efforts against COVID-19.

How five Nigerian tech-startups are tackling COVID-19 outbreak

Co-founder Kuda- Babs Ogundeyi

Kuda: This is one of the digital banking startups that revolutionised the banking industry. It was co-founded by Babs Ogundeyi, who also acts as the Chief Executive Officer.

Sigma Pensions

Kuda launched a COVID-19 fund to provide for the less privileged in Lagos. The tech startup, established in 2016, has taken it upon itself to purchase and distribute food, as well as other essentials, to the poor and vulnerable who have been the most affected amidst the COVID-19 pandemic.

Kuda committed N1.5 million and partnered with non-governmental organisation, Lagos Food Bank, as a way of providing succour, and reducing the economic impact of the virus on the poor communities in Lagos.

The fund was created eight months after Kuda raised $1.6 million.

(READ MORE: Index Ventures raises $2 billion to fund emerging tech startups)

MDaaS: This is a tech startup that focuses on health-related issues. MDaaS has a history in medicine, public health and pharmaceuticals which makes the firm essential during the pandemic currently being experienced.

Stanbic 728 x 90
How five Nigerian tech-startups are tackling COVID-19 outbreak

Founder 54Gene- Abasi Ene-Obong

Founded by Oluwasoga Oni, MDaaS created a website to provide needed resources for the COVID-19 period. The startup is helping health organisations and African governments, starting from Nigeria, to create mass testing centres.

The mass testing centres include drive-through testing sites and booth testing sites. The “out-of-health facility” locations will help attend to high volume of patients for COVID-19 samples and send to a centralized laboratory for processing.

54Gene: This is another tech startup operating in the health space. It was founded by Abasi Ene-Obong to focus on human genetic data, but the outbreak of Coronavirus has compelled the startup to setup a COVID-19 testing support fund to assist the Nigeria Centre for Disease Control (NCDC).

(READ MORE: EXCLUSIVE: More females could be what the Nigerian tech space has been lacking –…)

54Gene created the fund to raise $500,000 and has already secured a donation of $130,000 from Union Bank to tackle the COVID-19 outbreak in Nigeria. The fund is expected to be used to procure testing instruments and critical biosafety materials in order to increase COVID-19 testing capacity by 1,000 a day within Nigeria.

Coronation ads
How five Nigerian tech-startups are tackling COVID-19 outbreak

Co-founder Gradely-Boye Oshinaga

The equipment will be installed in laboratories and general hospitals across Nigeria and will remain there post-COVID-19 pandemic for future outbreaks. This is part of 54Gene’s effort amidst the fight against the Coronavirus. 

Gradely: Co-founded by Boye Oshinaga, Gradely recently secured an undisclosed investment from Microtraction to extend its tech expertise to the education system, to help students and teachers currently stuck at home continue their education during the lockdown.

The Ed-tech startup is using its AI-driven educational tool to assist students further their education and not experience disruption to their learning. This is one of the reasons Gradely attracted the investment from Microtraction, which believes Gradely will be highly essential as schools begin to adopt home-schooling due to the lockdown.

app

Future Africa/Flutterwave: Flutterwave is a portfolio of Future Africa. Both are providing different kinds of support during this pandemic. For Future Africa, the investment firm created Future Africa Collective fund for investors to invest in tech startups amidst the economic crisis caused by COVID-19.

app

(READ MORE: TechRoundUp Season 2 Episode 13)

This is to encourage investors to see opportunities in the African market during the crisis. Future Africa had defended the initiative by offering Andela and Flutterwave as startups that became successful after being established amidst economic crisis. 

Meanwhile, Flutterwave created a donation portal for Sharing Life Africa, an initiative created by Henry Anumudu, for their website visitors. The donation is tagged School Children & the Pandemic and intends to reach 10,000 public school children within the country during the coronavirus pandemic. 

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

1 Comment

1 Comment

    Leave a Reply

    Your email address will not be published.

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business

    FG to commence construction of 4 new rail projects across the country

    The listed rail line projects include Ibadan-Kano, Port Harcourt-Maiduguri, Kano-Maradi and Lagos-Calabar rail lines.

    Published

    on

    Rotimi Amaechi, Minister of Transport, Nigerian railway contract with CCECC and CRRC, China Civil Engineering Construction Corporation, Chinese Railway Rolling stock Corporation

    The Minister of Transportation, Rotimi Amaechi, has said that the Federal Government is about to commence 4 new rail line projects in various parts of the country.

    The listed rail line projects include Ibadan-Kano, Port Harcourt-Maiduguri, Kano-Maradi and Lagos-Calabar rail lines.

    This disclosure was made by Amaechi while speaking at the annual ministerial press briefing on programmes, projects and activities of the Federal Ministry of Transportation and its agencies on Friday in Abuja.

    READ: FG to fully launch E-ticketing platform for NRC next week

    What the Minister of Transportation is saying

    Although the Minister announced that the Federal Government was about to start the rail lines project, he was not specific on the exact dates the projects would start.

    Amaechi, in his statement, said, “We have awarded the following contracts and we are about to start and we have even tried to solve the financial problems. This is because we have the problem of having to hire consulting engineers.

    READ: $2 billion Kano-Maradi rail would be completed in 36 months – FG

    “The ones we are about to start include Ibadan to Kano, we are waiting for funds from China. We are about to start Port Harcourt to Maiduguri, we are waiting for the cabinet to approve consulting shares. We are also to start the Kano-Maradi and Lagos to Calabar.

    Sigma Pensions

    “But one thing that is unique about these contracts is that the president early enough directed that all rail lines must stagnate at the seaports.

    “That is why there may be a bit of adjustment in the pricing of Kano-Maradi because we have to adjust it to link up to Kano-Lagos so that it can terminate at Lagos seaport.’’

    The Minister pointed out that the 185.5km Lagos-Ibadan double standard gauge line with extension to Apapa seaport was nearing completion, while the 186km Abuja-Kaduna and 302km Warri-Itakpe standard gauge lines had been completed and were functional.

    READ: FG urges contractors to complete Ebute Meta–Apapa seaports railway extension by January 2021

    What this means

    • The various rail line projects are part of the ambitious plan by the Federal Government to create a nationwide rail network that is intended to help in the country’s diversification efforts, away from crude oil.
    • Some of these rail projects will also help to decongest the Apapa ports in Lagos and serve as a route for the import and export of goods in the West African sub-region.

    Stanbic 728 x 90
    Continue Reading

    Business

    Customs Tin-Can Island Command generates N112.7 billion in Q1 2021

    This is a N21.1 billion increase in revenue compared to a revenue of N91.6 billion in Q1 2020.

    Published

    on

    The Nigerian Customs Service revealed that its Tin-Can Island Command has a first-quarter revenue of N112.7 billion in 2021. This is a N21.1 billion increase in revenue compared to a revenue of N91.6 billion in Q1 2020.

    This was disclosed by Mr Mba Musa, Customs Area Controller, in a statement on Friday.

    “The comparative analysis of quarter one revenue collection from 2018 to 2021 are as follows: in 2018, N76,789,721,107.42; in 2019, N78,857,106,168.27; and in 2020, N91,635,998,490.73,” the customs boss said.

    READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

    “This improvement is despite the twin threat to lives and livelihood posed by the COVID-19 pandemic. The command has inspired their officers to continue to work hard while observing all the safety measures to achieve the best of performance.

    “We kept our lines of communication open and concerted effort was made to ensure that the supply chain is not disrupted,” he added.

    READ MORE: Customs officers must declare their assets annually – Customs boss

    What you should know: The Nigeria Customs Service (NCS) generated a revenue of N1.5 trillion for the year 2020, a rise compared to N1.3 trillion in 2019.

    Sigma Pensions

    Continue Reading

      





    Nairametrics | Company Earnings

    Access our Live Feed portal for the latest company earnings as they drop.