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Browsing: health Sector
Whether we like it or not at some point we will have to say goodbye to this world we call home. Bad enough is that we do not know when it will be our last time on earth.
Due to these few facts, it becomes necessary to take up a funeral cover. Also known as burial insurance this is a form of insurance that pays a specified amount of money in the event of a death by ensuring that the costs of a funeral will be covered so that family members do not have to struggle financially at this difficult time.
A majority of families in Africa depend on relatives and friend’s contribution to manage a burial ceremony for their loved ones.
We can all agree that funerals are very costly and their expense can’t be carried by a single person. Funeral ceremonies in many major African cities can take …
Ilara Health, a Kenyan based health tech company bringing affordable diagnostics to doctors in Africa, has raised $700,000 in seed funding. Villgro Kenya, local incubation hub has joined a suite of seasoned investors including ShakaVC, a Nairobi-based firm backed by Chinese investors, Chandaria Capital and the venture capital arm Chandaria Industries.
Angel investors in this round include Esther Dyson (23andMe, Yandex, Meetup), Nijhad Jamal (Moja Capital, ex BlackRock, Acumen), Aadil Mamujee (Musha Ventures), Selma Ribica (AfricInvest, Lebara Money, M-Pesa), and Shakir Merali (LGT Impact, ex Abraaj). Several of the new investors will become strategic advisors to the business.
The investment will be used primarily to grow Ilara Health’s peri-urban medical clinic customers in Kenya (and ultimately beyond. It will also allow the company to build a flexible technology platform to manage and protect valuable patient health and clinic financial data.
Ilara Health provides a route to market for new tech-powered
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