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African Healthcare Funders Forum to Connect, Scale Innovative Healthcare Solutions

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The African Venture Philanthropy Alliance (AVPA), Ashoka, and Social Innovation Circle, sponsored by Boehringer Ingelheim as part of their “Making More Health” and Boehringer Ingelheim Social Engagement initiatives, are joining forces to launch the African Healthcare Funders Forum, a first-of-its-kind year-long gathering of Africa’s leading funders and social entrepreneurs to drive the transformation of the African healthcare sector.

The Forum is dedicated to bridging the current healthcare funding gap, advancing innovative financing models, and providing funders as well as social entrepreneurs with the tools and networks needed to catalyze sustainable growth at the speed and scale required to achieve maximum impact on the continent.

“Africa’s health sector, which has been traditionally viewed as a sector for the public good, represents a massive investment opportunity, estimated by the United Nations Economic Commission for Africa to be worth $66 billion annually. Helping more funders and founders to connect, collaborate and scale innovative healthcare solutions is critical to the growth of the sector.

“The Forum will provide a collaborative space to meet, discuss and learn from peers on how to best mobilise and deploy capital into African healthcare ventures and overcome funding challenges”, says Dr Frank Aswani, CEO of AVPA.

Institutional capital and the expertise that typically comes with it are critical to achieving growth in this sector. This will require the establishment of new relationships between private and development sector players, the development of new impact delivery models, and the wide adoption of innovative financing principles like Impact Investing.

“To partner for impact is a key element of our strategy, and it is even the theme of this year’s Making More Health (MMH) Convention on October 4/5, 2022. Both MMH and Boehringer Ingelheim Social Engagement, our impact investment vehicle, are built on the notion that we can achieve much more together.

“Thus, we are delighted to sponsor this Forum, participate, and collaborate on building up the Impact Investing Ecosystem in SSA”, says Christian Bausch, Project Lead Boehringer Ingelheim Social Engagement.

Impact Leadership Programme

 The African Healthcare Funders Forum offers a year-round programme of networking events and learning opportunities for impact leaders.

It will launch in September 2022 with a three-month Impact Leadership Programme spread over 12 touch points, where funders across the capital spectrum, from grantmakers to debt providers and private equity players, will meet online to network and learn about the latest innovations in impact investing and healthcare.

The Programme has been curated and will be run by Social Innovation Circle, an experienced impact investment coaching team that has been training impact entrepreneurs and investors for over a decade, in close partnership with Ashoka.

“Social Innovation Circle is very excited to collaborate with leading partners and stellar experts to build this unique Impact Leaders Forum bringing together funders and founders dedicated to accelerating healthcare innovations in Africa,” says Mark Cheng, Founder and Managing Partner, Social Innovation Circle.

Applications to the Programme are officially open. For its inaugural Leadership Programme, the Forum will bring together social investors –  grantmakers, debt providers, private equity and venture capital fund managers, angel investors, impact investors, and mainstream and development finance institutions –  actively deploying or planning to deploy capital in African healthcare, whether as philanthropists, equity investors, or lenders.

Alongside impact funders, the Forum members will include CEOs of pioneering healthcare ventures carefully selected and nominated by Ashoka, the global network of social enterprise founders.

These CEOs will join funders in the Leadership Programme to share their perspectives on which business models and innovations are delivering impact on the ground and how to improve the flow of capital into the sector.

Over the course of three months, the programme will provide the Impact Leaders with a comprehensive overview of the challenges and opportunities of funding African healthcare, through a series of guided conversations with leading industry experts and market participants, and an exploration of how impact finance can be used to increase the flow of capital for innovative healthcare ventures.

Frank Aswani, The AVPA CEO, will be hosting Forum co-conveners Mark Cheng and Christian Bausch for a Fireside Chat on 24th June to introduce the Forum and discuss the African healthcare sector.

 

 

 


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General News

Conoil Bonanza Winners Emerge

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Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.

A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.

The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.

The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.


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PalmPay Couples Show How Love Is Funded Digitally

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PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.

Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.

This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.

Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.

During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.

The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.

From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.

One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.

She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.

“The transaction was smooth, fast, and stress-free.  In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”

A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”

Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.

From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.

 


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KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

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KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG one Africa, alongside the addition of Professor Olayinka David‑West and Dr. George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.

“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG One Africa.

He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”

KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.

KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.

Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”

The appointments of Professor David‑West and Dr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.

“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”

 


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