From the newsletter
Healthtech start-ups in Africa raised at least $41.2 million in funding in October. ABA Life from Morocco led October’s tracker with a $40 million investment agreement to expand its medical services. The investment will help ABA Life expand its telemedicine and clinical services and develop its artificial intelligence tools.
Tanzania’s Medikea announced $1.2 million in pre-seed funding and plans to grow from four clinics to ten by the end of 2027. The company is using the funding to expand in-person care alongside digital services.
October coverage also highlighted Boehringer Ingelheim’s debt investments in Kenya’s Penda Health and Egypt’s Chefaa. Neither company disclosed its investment amount.
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