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Konga Health Inks MoU with Nigeria’s Private Medical Association
Konga Health, an ambitious, technology-driven healthcare solutions company, has signed a strategic Memorandum of Understanding (MoU) with the Association of Nigerian Private Medical Practitioners (ANPMP) to boost access to quality healthcare services in Nigeria,including the delivery of genuine drugs and medical supplies.
The signing of the Memorandum of Understanding (MoU) took place on Tuesday, June 29, 2021 at the company’s corporate headquarters at Yudala Heights on Idowu Martins, Victoria Island, Lagos.
Present during the signing of the partnership agreement was Mr. Nick Imudia, Co-CEO, Konga Group, Mr. Festus Akinola; Vice President, Konga Health, Mr. Cornelius Umanze, National Portfolio Manager, and Barr. Chris Eze Ozims, Group Company Secretary, among others.
Also present were members of the Executive Council of ANPMP, led by its President, Dr. UgwuIyke Odo; Vice-President, Dr. Kay Adesola and General Secretary, Dr. Ned Okoro and other executive members of the association.
The landmark partnership will see Konga Health – a digitally-driven healthcare company – boost standards across verticals in the Nigerian health sector.
Specifically, the company intends to achieve this by improving access to quality healthcare for the reached, under-reached and unreached members of the populace through the importation and timely delivery of certified pharmaceutical products and medical supplies across the nooks and crannies of Nigeria through a wide chain of distribution centres.
Furthermore, the development will guarantee the gradual eradication of the incidence of fake drugs, while also providing a credible and robust platform for local and international donor agencies, government, non-governmental institutions as well as philanthropic and public-spirited individuals who wish to support access to quality Medicare with clear data to the remotest part of Nigeria.
‘‘We are delighted and see it as a privilege to have finally signed this very strategic partnership between Konga Health and ANPMP which will positively change the face of healthcare delivery in Nigeria,’’ disclosed Imudia, Co-CEO, Konga Group.
‘‘This is another important milestone recorded by the Konga Group. It is also in line with our other disruptive efforts, including launching the world’s first composite e-commerce company, our CBN-certified mobile wallet, advanced digital logistics company, frontline travel booking agency and much more.’’
Also speaking, President of ANPMP, Dr. Odo described the partnership with Konga Health as a much-needed development that will transform the fortunes of the Nigerian healthcare delivery system.
“This MoU will change the dynamics of the healthcare delivery system. At a time in the world when everything is changing and medical practice has shifted in the direction of technology, this understanding between the Konga Group, an ICT and logistics conglomerate and the Nigerian private doctors who cater for the healthcare needs of over 70% of Nigerians, could not have come at a more desirable season.
“This partnership is a bold step at the concept and vision of integrated private sector synergy aimed at revamping our health sector and bringing global best practices home.
“The MoU has given hope to the dire need to build a reliable database in the healthcare space, integrate local and international contents in raising advocacy for the actualization of Universal Health Coverage, development of a functional network of electronic health record system, elevating public private partnership to its prime place in the healthcare delivery structure, inspiring infrastructural development, training, intellectual tourism, research and institutional quality monitoring and evaluation as well as drive programme and projects that connect and benefit private doctors across the land in an engagement effort that aggregates into a new national orientation in healthcare development in Nigeria,” he said.
On his part, VP, ANPMP, Dr. Adesola, also hailed the partnership with Konga Health as one that will greatly benefit Nigerians and improve standards in the healthcare sector, even as he lauded the company’s reach, capacity and future outlook.
This point was further espoused by Akinola, VP, Konga Health, who explained that the collaboration will further deepen the role of Konga Health in strengthening Nigeria’s healthcare system and delivery.
“The collaboration between Konga Health and ANPMP is a welcome development. Nigerians should expect the best from this partnership.
“The partnership will help Konga Health to actualize its mission of making healthcare accessible to all, the “unreached” and the “under-reached” in the society.
“It will also transform the system and reduce the incidence of fake drugs and medical devices supplies through the introduction of its strategically positioned distribution infrastructure,” Akinola said.
Also commenting on the partnership, National Portfolio Manager, Umanze cited the prevalent danger of fake drugs, noting that the partnership between Konga Health and private medical practitioners will change the narrative for many Nigerians.
“Statistics from the World Health Organisation (WHO) has shown that the incidence of fake and adulterated drugs is frightening, especially in developing countries, with urgent need for businesses to step in to tackle the ugly trend.
“For us at Konga Health, this is not just a business, but also a social responsibility to save an adulterated drugs-challenged society like Nigeria from the dangers associated with this trend,” he said.
He concluded by expressing confidence in the strategic importance of the partnership, especially in making quality healthcare accessible through private hospitals.
“Through this collaboration, we are bridging that gap so that our clients do not only have their necessary medicines at the right time, but also that they have such supplies in genuine and unadulterated form,” he disclosed.
The MoU is one of the recent collaborations Konga Health has recorded since its incorporation. Atech-driven healthcare aggregator, Konga Health supplies quality medicines and diagnostic equipment to hospitals and other clients through its strong online and offline outlets.
Konga Health also provides a range of services, including the provision of genuine medication, medical devices, ultra-modern equipment, pharmaceuticals, among other health-related essential services.
Since the advent of the dynamic company, it has remained in the forefront for pharmacies seeking access to quality pharmaceuticals, as well as medical and diagnostic equipment.
The latest collaboration with the ANPMP is expected to further redefine medical operations in Nigeria and bequeath hitch-free, data-driven quality healthcare services to millions of Nigerians.
Wema Bank has announced the launch of the Wema Export Trade Academy, a comprehensive training programme designed to equip Nigerian Small and Medium Enterprises (SMEs) with the essential skills and tools needed to succeed in the competitive landscape of global trade.
Moruf Oseni, the Managing Director and Chief Executive Officer of the bank, this initiative represents Wema Bank’s commitment to enhancing the capacity of Nigerian businesses, supporting their ambitions to thrive on an international scale.
Oseni said the Wema Export Trade Academy is designed as a solution to these challenges faced by Nigerian SMEs when entering international markets.
The Academy is specifically structured to address each critical aspect of global trade, providing SMEs with targeted guidance on compliance, documentation, financial planning, and risk management.
Through the Wema Export Trade Academy, SMEs will benefit from expert-led sessions, mentorship from industry professionals, and practical insights into international business practices, positioning them to make significant contributions within global markets.
The programme also places emphasis on building a network of Nigerian exporters, encouraging peer support and collaboration, while fostering connections between businesses and international trade facilitators.
Oseni said: “This holistic approach to export training will enhance efficiency and productivity, empowering Nigerian businesses to become competitive players in the global economy.
“The Wema Export Trade Academy reinforces Wema Bank’s dedication to building the capacity of Nigerian businesses and supporting their evolution into formidable global competitors.
“By addressing the barriers in export trade, we are enabling Nigerian SMEs to seize new opportunities in international markets, which aligns with our vision to empower lives and support sustainable business growth.
“The Wema Export Trade Academy embodies Wema Bank’s pioneering spirit and commitment to providing SMEs with practical, impactful solutions.
“With comprehensive training on export processes and access to strategic financial products, the program stands as a testament to Wema Bank’s role as an enabler of growth for Nigerian enterprises.
“Wema Bank continues to set the standard for innovation within Nigeria’s financial services industry, supporting individuals and businesses across various sectors to achieve sustainable growth.
“The Wema Export Trade Academy represents the latest stride in Wema Bank’s mission to empower Nigerian SMEs, further strengthening its reputation.”
MTN Foundation is set to celebrate a milestone—its 20th Anniversary—with a series of events designed to reflect on its contributions to communities across Nigeria.
The anniversary conference will take place on November 6, 2024, in Abuja, while the celebratory dinner is scheduled for November 14, 2024, in Lagos.
These events will bring together key stakeholders from both the public and private sectors, highlighting the Foundation’s commitment to sustainable development and community engagement.
Since its inception in 2004, the Foundation has been at the forefront of corporate social responsibility (CSR) initiatives in Nigeria. It was one of the first corporate entities in the country to establish a dedicated foundation for managing CSR activities.
The Foundation was officially commissioned in May 2005, with MTN Nigeria Communications PLC pledging to allocate up to 1% of its Profit After Tax (PAT) for funding various projects aimed at improving lives across the nation.
Over the past two decades, the Foundation has invested over NGN 24.73 billion into impactful projects that span all 36 states and the Federal Capital Territory (FCT). With more than 1,023 project sites across Nigeria, the Foundation has successfully executed 50 unique projects, reaching over 31 million people.
These initiatives have addressed critical areas such as education, health, youth empowerment, and arts and culture, making a significant difference in the lives of countless Nigerians.
As part of this celebration, the Foundation will unveil its new logo along with refreshed mission and vision statements.
This rebranding effort symbolizes a renewed commitment to its core values and goals as it looks toward the future.
Odunayo Sanya, Executive Director of MTN Foundation, expressed her enthusiasm for the upcoming celebrations and reflected on the journey thus far.
“This anniversary is both a celebration of our impact in Nigeria and a commitment to do more,” Sanya stated.
“We have always believed in the power of collaboration and community engagement to drive meaningful change.
“As we gather to reflect on our journey, we look forward to engaging with our partners and stakeholders to explore new avenues for sustainable development.”
The upcoming anniversary events aim to foster dialogue among leaders from various sectors, encouraging collaboration that can lead to innovative solutions for pressing societal challenges.
The conference will feature keynote speakers and panel discussions around national development and youth empowerment, as well as interactive sessions designed to inspire participants and share best practices in CSR and community development.
In addition to its focus areas, the Foundation has been instrumental in promoting digital literacy among Nigerian youth through various educational programs. By leveraging technology as a tool for empowerment, the Foundation has equipped thousands of young people with skills necessary for success in an increasingly digital world.
The anniversary conference and dinner are expected to be engaging experiences that will not only celebrate two decades of impact but also set the stage for future initiatives aimed at fostering community growth and resilience.
By bringing together diverse stakeholders, MTN Foundation hopes to ignite conversations that lead to actionable strategies for addressing Nigeria’s most pressing challenges.
The upcoming anniversary events promise to be an inspiring celebration of progress made while looking forward to new horizons in community development.
To increase the availability of affordable finance and strengthen local enterprises and supply chains across Africa, IFC, a member of the World Bank Group, announced a strategic partnership with leading global supply chain finance platform, C2FO.
The partnership will see IFC and C2FO jointly develop, test, and deploy a specialized, web-based multinational working capital platform for micro, small, and medium enterprises (MSMEs) across Africa. This is IFC’s first dedicated supply chain financing facility in Africa for smaller businesses.
MSMEs account for up to 90 percent of businesses and 80 percent of jobs across the continent, yet these enterprises struggle to obtain working capital through the traditional financial system, constraining the growth of firms. Such financing is critical for helping build more sustainable economic ecosystems, and for strengthening food security, a strategic priority announced by World Bank President Ajay Banga last week.
The program will utilize C2FO’s patented technology and dynamic discounting model to connect MSME suppliers and their anchor buyers with global and local financial institutions. Those institutions will use the platform to extend affordable receivables financing to suppliers through the funding of discounted invoices accepted for payment by buyers.
In turn, African MSME suppliers will be able to improve their access to working capital by converting sales receivables into immediate cash, leveraging the better credit risk of buyers without requiring collateral or facing other barriers of traditional lending.
“IFC is committed to addressing the financing challenges faced by SMEs in Africa. By partnering with C2FO, we aim to unlock significant funding opportunities for these enterprises, enabling them to thrive and contribute to economic growth,” said Makhtar Diop, IFC Managing Director.
The program will begin in Nigeria, where C2FO estimates that a national supply chain finance platform could unlock around US$25 billion in annual financing for MSMEs. IFC has estimated that for every US$1 million of working capital made available in developing countries,16 new jobs are created over two years.
“C2FO is honored and delighted to collaborate with IFC to broaden the global impact of our working capital finance model throughout Africa. We believe this innovative approach will provide much-needed liquidity to MSMEs, helping them to grow and succeed,” said Alexander “Sandy” Kemper, C2FO founder and CEO. “It’s only natural that this work begins in Africa’s most populated country, Nigeria, which has an especially promising small business sector.”
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