News
African Governments Collaborate Tech Innovators to Strengthen Local Health Supply Chains – Report
Healthcare consulting firm Salient Advisory has launched its latest annual market intelligence report highlighting a robust pan-African ecosystem of innovators improving the safety and efficiency of health supply chains across the continent.
Funded by the Bill and Melinda Gates Foundation, the report titled “Innovations in Digitizing Health Supply Chains in Africa” is the first pan-African landscape of health supply chain innovators on the continent. It tracks nearly 350 technology-enabled innovators digitizing supply chain processes across 27 African countries.
As a wave of supply chain innovations emerged amid the COVID-19 pandemic, the long-term viability and impact of their business models was unclear. While the pace of new entry has slowed drastically, findings show African governments working with health supply chain innovators on nearly 50 partnerships, leveraging their tech-enabled solutions to resolve long-term challenges around the availability, accessibility, and quality of health products in public health supply chains.
Nearly half of the identified partnerships focus on enabling governments to digitize ordering and inventory management to improve efficiency and minimize wastage, highlighting governments’ strong interest in adopting digital order and inventory management solutions.
While most innovators working in partnership with governments are more mature, like Zipline and mPharma, several younger companies have also established public sector partnerships early on, including Nigeria’s Figorr and Zimbabwe’s Vaxiglobal.
As Africa’s tech scene grows, governments’ interest in supporting innovations that deliver social impact – while creating jobs – appears to be developing. The growing emergence of these partnerships also bodes well for the development of innovation-friendly regulations by governments across the continent.
Disparities in funding trends remain apparent across the health supply chain innovation ecosystem.
While innovators have raised $2.6 billion in funding since their founding, US and Europe-based e-commerce companies and medical drone delivery operators account for 77% of all funding raised; the remaining innovators have raised $584 million since their launch.
While government interest in innovations in ordering and inventory management appears strong and presents a potential path to scale, startups in this category have raised only 9% of all funding since their founding.
In terms of the number of deals, Plug N Play Ventures and Launch Africa stand out as the most active sources of equity funding in this space, while the Investing in Innovation program, the Bill & Melinda Gates Foundation and Google’s Black Founders Fund have provided the highest number of grants.
The 29 women-led companies active across the African continent (with a large concentration in Nigeria and Kenya) still suffer from poor access to equity financing, resulting in heavy reliance on debt and grants.
Innovators headquartered outside the continent have also raised 83% of total funding ever reported, with large e-commerce giants and medical drone delivery operators capturing the bulk of external investment.
Similarly, gender financing gaps are also evident as companies founded solely by women make up 8% of all startups but have received only 2% of all reported funds overall time. Lack of access to equity financing results in women-led companies relying more heavily on debt and grants.
As the ecosystem matures, innovators will provide supply chain solutions at a greater scale to governments, industry, global health agencies and more.
The report advocates for the design and launch of trade financing and insurance solutions to enable mature innovators to distribute larger volumes of health products for institutional customers, an adjustment of purchasing processes by global health agencies to facilitate the participation of innovators in donor-funded supply chains, and the continued deployment of grants to foster inclusive and effective innovation ecosystems.
Speaking on the launch of the report, Remi Adeseun, Director at Salient Advisory, commented: “The report offers the first comprehensive overview of tech-enabled health supply chain innovators emerging across Africa. We are surprised – and thrilled – to see so many government partnerships with innovators underway at both national and sub-national levels.
“We urge global health donors, agencies and industry partners to join with governments and investors in supporting high-potential innovators, helping foster more efficient and resilient healthcare supply chains while creating jobs.”
Hany Abdallah, Senior Program Officer, Supply Chain Systems at the Bill and Melinda Gates Foundation, also commented:
“African health innovators have demonstrated an impressive ability to utilize technology for the optimization of supply chain solutions and the improvement of access to medicines. We are delighted to witness this progress, particularly as it coincides with an increase in government partnerships, which will advance positive health outcomes.
“This trend highlights the trust and collaboration between governments and health tech innovators, as well as a shared commitment to driving positive change and fostering innovation within the healthcare sector across the continent.”
Jules Sergine Agbeci, Director of Operations at Office Pharmaceutique National, Gabon, said: “Leveraging tech-enabled solutions to digitize national supply chains across the country has had a transformative effect on the efficiency and product visibility across our local supply chains.
“As innovators develop more technology-driven models, there will be opportunities for more government agencies across the continent to test these solutions and offer clarity on their supply chain needs to enable public health systems to leapfrog long-running challenges.”
News
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
News
As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
News
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
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