Sanofi innovation funds attracts Kenya healthcare firms

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Global drugmaker Sanofi has selected Kenya’s health fintech firm, Mama Prime, for possible funding in its annual AfricaTech Challenge set to take place on June 11.

The purpose of the event is to give innovators in African countries a chance to build homegrown tech-based platforms capable of solving four local health challenges.

According to the event organizer, Mama Prime’s automated financial policy that supports expectant mothers to raise cash for paying the delivery bill will compete for the healthcare financing challenge.

“The objective is to ensure that Sanofi is continually committed to encouraging innovation in Africa, improving access to healthcare, and transforming the health ecosystem throughout the continent,” said the event organizers.

 The Africatech Challenge is now in its third edition since launching. It received 268 applicants from 34 African countries representing 20.7 percent.  The East African countries sent 22 applications, 18 being from Kenya, one from Tanzania and three from Uganda.

After registration of pitch to http://surl.sanofi.com/2y7, four winners will be chosen whose activities will be evaluated and possibly partner with Sanofi for funding.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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