Flying Doctors Launches Catalyst Fund For Tech Startups In Africa
The Flying Doctors Healthcare Investment Company (FDHIC) has established a catalyst fund to help health and fintech startups. The corporation announced in a statement that the “FDHIC Catalyst Fund” program will address health and financial concerns in Africa.
The FDHIC observed that only a few African countries spend between $34 and $40 per year and per person on health care, as recommended by the World Health Organization (WHO), citing the International Finance Corporation (IFC). As a result, infant and maternal mortality rates in Africa are quite high.
According to the business, overcoming these obstacles necessitates a comprehensive approach to encouraging financial inclusion through private sector investments.
“With the new Flying Catalyst Fund Doctors Healthcare Investment Company (FDHIC), we are forming an investor community that will address Africa’s health and financial inclusion concerns by assisting health and Fintech firms in their early phases of development,” the statement read.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer