Moderna Halts Plans for Kenya Vaccine Plant After US$1 bn Loss
American Biotech company, Moderna, has suspended its construction of a vaccine-manufacturing plant in Kenya after registering a US$ 1 billion loss prompted by less demand for COVID-19 vaccines since 2022. [...]
Smallholder Farmers on Insurance-Backed Loans Less Likely to Default- Study
Embedding insurance into loans boosts financial resiliency and improves healthcare access for Africa’s unbanked population while simultaneously de-risking lending portfolios, according to a new report by Turaco, a pan-African insurtech. [...]Nairobi Women's Hospital Founder Maina Thenya Acquires Majority Stake from PE Firm Evercare
Competition Authority of Kenya (CAK) has granted shareholding changes at the Nairobi Women's Hospital (NWH), in a process initiated two months ago. The go ahead will now see Dr. Samuel [...]Male Spends More On Health Insurance, says KNBS
The counties of Laikipia, Kiambu, Nairobi and Nyeri are leading in health insurance uptake showing caution residents take in unforeseen expenditure associated with illnesses. The absorption of any type of [...]Kenya's Avenue Group Secures $12.7m Loan from IFC to Expand Healthcare Reach
Avenue Group Limited, a leading healthcare provider in Kenya and an Evercare Group company, has secured a $12.7 million loan from the International Finance Corporation (IFC) to expand its healthcare [...]Price Hike Is Another Setback In Efforts To Reduce Cigarette Consumption
ByJosephMagero,chairmanofCampaignforSaferAlternatives(CASA) The quadrupling of fees for tax excise stamps on some products spells more bad news for Kenyan consumers already struggling a soaring cost of living. These increases, revealed on [...]How Technology Can Improve Emergency Medical Services
We have heard of or witnessed too many incidents where Kenyan citizens have suffered serious losses due to being denied emergency medical treatment, the most recent illustration being the sad [...]
Gates Foundation Commits $7 Billion to Support Health, Agriculture in Africa
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill Melinda Gates Foundation would spend more than $7 billion over the next [...]
Dr Mercy Korir Joins AAR Hospital as New Business Development Manager
Dr Mercy Korir has joined AAR Hospital as the new Business Development Manager, in charge of Business Development. Dr Korir brings with her a wealth of 9 years' experience; four [...]Bill Gates Arrives in Kenya
Microsoft Co-Founder Bill Gates will be in Nairobi, Kenya, from today to meet key government officials, private sector players, regional scientists and innovators. The co-chair of the Bill Melinda [...]Avenue Hospital to Receive KES 1.4 Billion Loan from IFC to Refinance Existing Debt
The International Finance Corporation (IFC) is set to loan Avenue Hospital KES 1.4 billion ($11.7 million) to fund a new wing at its Nairobi facility in Parklands and refinance existing [...]
Ghana's mPharma Acquires Majority Stake in Nigeria's HealthPlus
Ghana’s healthcare startup, mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. While firm plans to continue to keep and strengthen HealthPlus as Nigeria’s leading [...]
