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CardinalStone Capital Advisers Invests $6m Investment in AfyA Care

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West African private equity fund manager, CardinalStone Capital Advisers (CCA), has announced a $6 million investment in AfyA Care as part of the company’s Series A capital raise.

AfyA Care is a healthcare group providing integrated healthcare services including hospital care, health insurance and health technology services in Nigeria.

The investment reflects CCA’s strategy of backing high-potential growth businesses with the ability to positively impact communities, and to deliver sustained attractive returns to investors.

The healthcare market in Nigeria is grossly underserved with a patient to bed ratio of 2,000:1 compared to peer average of 1,000:1, and a low health insurance penetration below 5%, according to an EY report.

AfyA Care is positioned to exploit these market opportunities by first consolidating the Lagos market and then expanding to key cities in Nigeria and West Africa over the next five years.

The company will use the funding to improve its experienced talent bench, grow its hospital brands, scale its Health Maintenance Organisation (HMO) and proprietary health tech solutions to transform healthcare delivery in Nigeria and beyond.

Commenting on the investment, Femi Ogunjimi, Partner, CardinalStone Capital Advisers, says: “We are always keen to partner with companies that have proven the capacity to disrupt and transform industries.

“Given the significant gaps in healthcare provision in Nigeria as well as sub-Saharan Africa more broadly, it was important to collaborate with people who deeply understand the industry, the urgency and scale of the problem, and are well-equipped to put in the work to deliver the results.

“We look forward to supporting the team at AfyA Care as they seek to build a healthcare ecosystem for diverse segments of the market and are excited to see where AfyA Care goes in five years.”

Founded in 2019, AfyA Care invests in healthcare assets in Nigeria, with a vision to make healthcare more accessible and affordable. Targeting low-mid and mid-high-end hospitals, health insurance and health tech companies, AfyA Care is building vertically integrated healthcare institutions and optimising delivery models that serve its target market segments through the aggregation of hospital capacity and demand.

The company has a portfolio of hospitals with 215 beds under the R-Jolad Hospital brand to serve its low-to-mid market consumers. It is also developing a 140-bed hospital under its proposed Oakwood Medical Centre brand to cater to the mid-high-end market.

Speaking on the new partnership with CCA, Tosin Runsewe, CEO of AfyA Care, says, “We are delighted to announce our partnership with CardinalStone Capital Advisers. CCA has been instrumental, not only in securing the funding to build capacity, but also in lending their expertise to execute the vision for AfyA Care.

“Our plans for expansion are supported by decades of expertise across industries, and we are excited to be working with a firm that supports our vision to transform the future of healthcare in Nigeria and beyond.”

Other brands currently under AfyA Care’s management include health providers like EROM Diagnostics, Octosoft (health-tech) and Bastion HMO (health insurance).

This investment in AfyA Care is the fourth by CCA from its $64 million CCA Growth Fund (CCAGF), which targets growth-stage SMEs in Nigeria and Ghana. Other companies in its portfolio include i-Fitness, Appzone and Quality Foods Africa.

 


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Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

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National Security Adviser Nuhu Ribadu has said the federal government considers religious violence an attack on the Nigerian state, stressing that the protection of all citizens, regardless of faith, is non-negotiable.

Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

According to presidential spokesperson Bayo Onanuga, Ribadu made the remarks in Abuja at the close of a US–Nigeria Joint Working Group session.

“Nigeria is a deeply plural society, and the protection of all citizens, Christians, Muslims, and those of other beliefs, is non-negotiable,” Ribadu said.
“Violence framed along religious lines is treated as an attack on the Nigerian state itself.”

In a follow-up post on X, Ribadu said the joint working group has recorded “tangible operational gains” in the fight against terrorism.

The working group was set up following Nigeria’s designation as a Country of Particular Concern (CPC) by US President Donald Trump, a label that often triggers policy actions aimed at ending severe violations of religious freedom.

At the meeting, Ribadu led Nigeria’s delegation, which included representatives from 10 ministries and agencies, while the US delegation, made up of eight federal agencies, was led by Allison Hooker, US under-secretary of state.

Ribadu said Nigeria-US security cooperation has moved from dialogue to action, resulting in the disruption of terrorist networks and transnational criminal groups. He also praised the US for supplying drones, helicopters, platforms, spare parts, and other support systems over the past five years.

Speaking at the session, Hooker said the US was committed to expanding its partnership with Nigeria, particularly on deterring violence against Christian communities.

“Today, we are here to discuss how we can work together to deter violence against Christian communities, prioritising counter-terrorism, insecurity, investigation of attacks, and holding perpetrators accountable,” she said.

She added that efforts would focus on reducing killings, forced displacement, and abductions of Christians, especially in Nigeria’s north-central states


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PalmPay User Shares Experience on Fintech Apps to Trust in Nigeria

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For many Nigerians, fintech apps are judged by one simple question: Can I trust the platform? For Happiness, a young Nigerian entrepreneur, the answer manifested in the most defining moments of her life.

Trust Built Through Everyday Use

In 2025, Happiness relied on PalmPay to run her business, from receiving customer payments, paying vendors, and managing daily transactions. During PalmPay’s Hustle Grant Campaign, she joined thousands of small business owners hoping to win the N500,000 funding.

While she didn’t make the shortlist, the campaign gave her business something just as valuable: visibility. New customers discovered her brand, enquiries increased, and sales followed.

PalmPay didn’t just host a campaign; it created an ecosystem where small businesses could be seen and supported.

Just days later, Happiness’ life changed. On August 30, 2025, she lost her father. With this loss came challenges, especially payments. They tried transferring money through regular banks but were met with declined transactions. Happiness suggested using her PalmPay account and it was successful.

In a moment defined by loss and urgency, PalmPay cut through the chaos, proving that reliability isn’t a feature, it’s a lifeline. Happiness’ relationship with PalmPay didn’t stop at transactions. Through other management tools on the app, she learned to build discipline around her finances.

More Than an App, a Financial Partner

Beyond transactions, PalmPay’s tools helped Happiness build better money habits and financial discipline. Today, the brand continues to reward reliability through initiatives like its ongoing Premier Cool campaign, reinforcing a simple message: consistency should come with value.

The idea is simple: Purchase a bar of soap and stand a chance to get ₦10,000cash and other cash benefits.

It’s PalmPay’s way of saying that smart money habits deserve real value in return.

Why PalmPay Earns Trust

Life doesn’t give warnings before it tests you. When it does, you need a platform that doesn’t just usually work but always works.

For many users, PalmPay proves to be more than a payment app. It is a trusted partner powering ambitions, supporting users through defining life moments, while helping them bank smartly.

When it mattered most, PalmPay worked. To watch the full testimonial visit: @palmpayapp_ng


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Nigerians Target Self-Improvement, Business Startups in 2026 Google Data

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Google Search data from the first two weeks of 2026 reveals Nigerians are prioritising ambition, self-growth, and entrepreneurial ventures as they embrace the new year with renewed drive for personal and professional excellence.

Nigerians Target Self-Improvement, Business Startups in 2026 Google Data

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The data shows a 40 per cent spike in searches related to self-improvement and “becoming better”, reflecting a nationwide shift from mere resolutions to actionable plans across boardrooms, classrooms, and homes. Entrepreneurship leads the charge, with “how to start a business” topping “how to start” queries after an 80 per cent surge, alongside rising interest in blogging, podcasting, and YouTube channels to foster economic opportunities.

Personal development dominates, as searches for “how to be a better person” rose 20 per cent, extending to relationships with queries on becoming better lovers, partners, husbands, wives, and listeners. Health resolutions gain traction, with 40 per cent increases in “how to eat healthy”, “healthy diet”, and “how to meditate” underscoring commitments to physical vitality and mental wellness.

Skill mastery captivates diverse audiences, from “how to improve English” and communication skills to enhancing memory, credit scores, and even handwriting, while leisure pursuits spike in “how to get better at” chess, singing, running, Fortnite, and soccer. Top searches include “how to improve communication skills”, “how to be a better listener”, and entrepreneurial starters like “how to start a podcast”, painting a portrait of a nation honing edges for success.

Taiwo Kola-Ogunlade, Communications and Public Affairs Manager for West Africa at Google, described the trends as a “powerful reflection of Nigeria’s collective ambition”, affirming the company’s dedication to tools like Search and Gemini for guiding Nigerians toward prosperity


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