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OYSHIA Adopts NEXUSINSURE Software, Sets Pace in Health Insurance

Government software and consulting services provider NexusMax Software 365, LLC (NEXUSMAX) has deployed a solution to power Oyo State Health Insurance Agency.
Deployment of the comprehensive biometric health Insurance Platform has increased OYSHIA’s portfolio as a pace-setter in the sector.
The system, based on NEXUSMAX’s commercial off-the-shelf NEXUSINSURE software, was implemented by a joint government and private-sector team comprised of the Oyo State Health Insurance Agency and NEXUSMAX.
The adoption of the software was to ensure that at least 5% of the population of Oyo State is enrolled before the end of the first year of the Health insurance Scheme.
The adoption of this platform has given the agency platform independence as all stakeholders key into the relevant parts of the platform.
According to Dr. Olusola Akande, Ag. Executive Secretary of OYSHIA, the Agency chose NEXUSINSURE because it offers a one stop platform to manage the activities of the Agency.
It also comes equipped with a comprehensive biometric data capture which is critical when verifying Enrollees at the point of accessing health care in the State.
The Agency went live with the new system in July 2017 on schedule. The system allows all stakeholders like HMOs, Hospitals and Enrollees to conduct many activities online, including payments, renewal of premiums, and biometric registration of Enrollees.
Dr. Akande, said “One of our major goals was to ensure—from day one of production—that this system would continue to support our operations and provide an improved customer experience without issue.”
“Our team accomplished this goal,” he said. “The system streamlines our processes and allows us to serve our customers with greater accuracy and efficiency.”
NEXUSINSURE provides the following portals for the use of OYSHIA Portal which is a dedicated portal to members of the AGENCY.
From this portal, access to required information on progress of the scheme can be viewed by users.
It also powers HMO Portal, a private portal for all HMOs involved in the scheme; Enrollees Portal: Subscribers can change their providers, manage their dependants and perform self-service functions through the internet or gsm/sms; Providers Portal: The provider portal allows providers to be more than just buildings, it allows them to be partners.
They can download enrollee lists, verify enrollee identification, lodge their claims online real time, view claims lodged, paid and outstanding etc. Enrollee verification can be done via sms.
Others are CHAs/BOTS/Micro HMO portal: This portal allows provision of first level support to issues that arise, ensuring active response by parties involved.
NEXUSINSURE also supports different payment channels like scratch cards, online payment as well as USSD based payment alternatives.
Wahab Aminu-Sarumi, Director, NEXUSMAX, said “Every NEXUSINSURE project, has been delivered on time and on budget,
“This record of success is an important factor for Agencies in Project evaluation.”
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
News
Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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