The United States Trade and Growth Agency (USTDA) has awarded a grant to the Nigerian business Mobihealthcare Limited (Mobihealth) for a feasibility study targeted at assisting the development of its telehealth in Côte d’Ivoire, Ghana, Kenya, and Egypt.
The partnership aims to “transform the delivery of health care to underserved communities in Africa, using the best technology that American industry has to offer […] it is also gratifying to see women-led companies like Mobihealth leading the development of critical infrastructure on the continent,” according to Enoh T. Ebong, Director of USTDA.
While the value of the contribution has not been disclosed, the press release states that each of the four nations will receive a full market evaluation, financial analysis, and legal and regulatory study. The African Development Bank’s Africa Investment Forum (AIF) will collaborate with USTDA to promote the development and funding of the Mobihealth project.
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A year ago, USTDA and AIF inked an MOU to support high-quality infrastructure solutions in Sub-Saharan Africa. The Memorandum of Understanding established areas of collaboration on transactions in critical industries such as clean energy, transportation, information and communication technology, health infrastructure, and agribusiness.
The project is also part of the US government’s “Prosper Africa” effort, which aims to dramatically enhance two-way commerce and investment between the US and Africa, according to the statement. The agreement will enable 100,000 Africans gain access to healthcare each year.
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For Mobihealth CEO Funmi Adewara. “The USTDA award comes at an opportune moment, and it will enable us to expand the reach of our integrated telehealth, electronic medical records, and digitalization services to many additional African markets over the next few years.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh