Connect with us

Health

Firm Gets US Grant to Refurbish 10 Healthcare Facilities in Nigeria

Published

on

Lily Hospitals 10 healthcare facilities in Nigeria

By Adedapo Adesanya

The US Trade and Development Agency  (USTDA) has announced that it has awarded a grant to Nigeria’s Lily Hospitals Limited for a feasibility study to support the refurbishment and operation of 10 healthcare facilities in Nigeria.

These facilities, located in multiple urban hubs across the country, will serve up to 25,000 patients annually.

Lily Hospitals has also selected Maryland-based Anadach Consulting Group, LLC, to conduct the study.

Speaking on this, Mr Enoh T. Ebong, USTDA’s Director, said promoting access to quality healthcare services is a top priority for USTDA in Nigeria.

“Our partnership with Lily will provide the company with the necessary analysis to make informed decisions in support of its healthcare delivery priorities. At the same time, USTDA’s engagement will help create opportunities for U.S. companies to supply the technologies and services that these healthcare facilities will require.”

It was disclosed that USTDA’s study would assess and recommend the most suitable healthcare facilities for Lily to refurbish and integrate into its existing network of facilities.

The project will increase access to modern, quality healthcare systems at a lower cost and in a shorter timeframe than commissioning and constructing new healthcare facilities.

On his part, Dr Austin Okogun, Lily’s CEO, said that the USTDA grant is very timely and will help make health accessible while contributing to the economy.

“It supports our expansion strategy of reactivating underperforming healthcare facilities. This will revitalize neighbourhoods, create employment opportunities, support investment, and contribute to economic growth.”

“This project will allow more healthcare professionals to contribute to their communities while offering partnerships and franchise opportunities to medical and related clinical experts.

“It will also offer opportunities for US companies to supply the high-quality technologies that these facilities will require. Above all else, we are committed to improving access to good quality and affordable care to Nigerians,” he said.

On the part of the Nigerian government, Minister of Health, Dr Osagie Ehanire, commented that – “[USTDA’s grantees] will be equipped with more tools to develop their programs, be it as top-notch cancer treatment centres or other related services that address urgent healthcare needs in our country. A closer relationship with USTDA will also allow recipient organizations to draw on highly valued US experience in healthcare and build lasting partnerships that improve national and global health.”

USTDA announced grant funding for Lily’s feasibility study at the US Embassy in Abuja, where the Agency announced three new grant activities to advance healthcare access in Nigeria and across Africa.

USTDA’s assistance to Lily advances one of the key pillars of the Biden-Harris Administration’s Partnership for Global Infrastructure and Investment, which aims to strengthen global health security through investments in patient-centred health services.

The project also advances the US government’s Prosper Africa initiative to substantially increase two-way trade and investment between the US and Africa.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

Leave a Reply

Health

Stanbic IBTC Gives Better Conditions for Healthcare Loan

Published

on

healthcare loan

By Aduragbemi Omiyale

Healthcare practitioners intending to get short-term funding support to expand their operations can now do so with better terms from Stanbic IBTC Bank.

The company, which is a subsidiary of Stanbic IBTC Holdings Plc, introduced a package called Healthcare Short-term Loan, which many stakeholders in the health industry have accessed.

In order to make it easier for practitioners to access the credit facility for an improved healthcare sector in the country, the lender has upgraded its short-term loan solution within the healthcare value chain.

This upgrade ensures a flexible repayment period, with an affordable interest rate and zero collateral to enable sector players to access better financing and achieve optimal service delivery.

The healthcare loan, which now offers a longer tenor of 12 months, affordable interest rate and zero collateral, will foster more investment in the sector and enhance strategic relationships to generate new businesses.

Speaking at the Medic West Africa Conference, the Head of Specialized Sectors at Stanbic IBTC Bank, Ms Jane Ike-Okoli, noted that effective collaboration between financial institutions and healthcare organizations is key to advancing Nigeria’s health sector.

She advised financial institutions to be more intentional about complementing the government’s efforts, saying, “Stanbic IBTC has a comprehensive understanding of the healthcare industry and its intricacies. This knowledge inspires us to continue to design innovative yet affordable solutions to boost healthcare businesses across the country.”

According to her, despite Nigeria being Africa’s largest healthcare market, challenges in the health sector include inadequate healthcare infrastructure and insufficient financing.

“Stanbic IBTC is passionate about driving change, hence our partnership with key stakeholders in the healthcare sector to improve access to healthcare finance.

“We achieve this by offering flexible funding options for healthcare businesses and providers and strategically partnering with the players in the healthcare ecosystem,” she said.

“Our healthcare solutions are tailor-made for businesses in the sector who need working capital to expand healthcare operations, acquire medical equipment, facilitate medical research, and ultimately grow their healthcare businesses,” Ms Ike-Okoli added.

The Head of Coverage, Commercial Clients at Stanbic IBTC Bank, Mr Babatunde Akindele, also stated that the newly improved healthcare short-term loan is a necessary investment.

“Healthcare is a basic need that everyone should access easily. The pandemic has increased the pressure on the health sector by revealing the urgent need to expand healthcare facilities. Stanbic IBTC has taken yet another step in the right direction to improve healthcare infrastructure and enable qualitative service delivery, which will restore the hope of many Nigerians,” he said.

The growth of the Nigerian healthcare sector rests on impactful and innovative finance solutions positioned to create a level playing field for businesses to thrive. Stanbic IBTC has said it remains committed to blazing the trail in this regard.

Continue Reading

Health

UK’s Aide Health Raises £1m to Tackle Hypertension, Pain

Published

on

Aide Health

By Adedapo Adesanya 

Aide Health, a London, UK-based health-tech startup, has raised £1 million in pre-seed funding.

The round was led by Hambro Perks through its EIS fund, with participation from Fuel Ventures, 1818 Ventures and APX Ventures.

In a statement made available to Business Post on Friday, the company intends to use the funds to expand its services to include hypertension and chronic pain.

Co-founded by Mr Ian Wharton (CEO) and Mr Brian Snyde, Aide Health is a digital platform that helps patients and their clinicians understand and manage long-term health conditions, such as type-2 diabetes, heart disease, asthma, and IBD, paired with a mobile app for the patient which acts as a co-pilot through their care.

Medical professionals can use Aide Health’s platform to remotely monitor patients with chronic diseases such as type-2 diabetes, heart disease, asthma, and IBD. Patients monitored through the app can also receive medical advice.

“Like many people, I know first-hand the frustrations of trying to manage long-term conditions,” said Mr Wharton, CEO of Aide Health.

“Our goal is to give both patients and clinicians the tools and insights they need to have better conversations and make more informed treatment decisions together,” he added.

On his part, Mr Nicholas Sharp, head of the Hambro Perks Growth EIS Fund, said: “Ian and Brian’s vision and experience impressed us from the start, and we believe that Aide Health has the potential to be a hugely important tool for both clinicians and patients for managing long-term health conditions.”

Using natural language, Aide Health has short, daily conversations to help with the day-to-day management of health conditions through medicines optimisation, structured monitoring and structured education.

The service is currently being used by the UK National Health Scheme (NHS), with a pilot launched earlier this year supporting people aged between 18-75 with asthma or type-2 diabetes.

Continue Reading

Health

How VerveLife Brought Lagos to a Standstill

Published

on

VerveLife

As the day dawned on Saturday, November 5, 2022, there was a palpable buzz in the cool Lagos air as thousands of fitness enthusiasts trooped to the Oniru beachfront, specifically the Landmark Event Centre, venue of the VerveLife 5.0 fitness party tagged Never Stop.

Introduced in 2017 by Verve, Africa’s leading payment technology and card and member of the Interswitch Group, VerveLife has grown into a thriving platform, attracting thousands of fitness enthusiasts from Nigeria and beyond.

As the event kicked off at 8:00 am, the dancing queen, Kaffy, opened the event with an electrifying performance in celebration of Interswitch Group’s 20th-anniversary celebrations.

For several hours after, Africa’s premium band, Alternate Sound, thrilled the crowd as attendees were engaged in upbeat dance routines and exciting workouts led by a robust lineup of fitness experts – Kemen, Ihuoma Nwigwe, Isoken Uwaifo, Enoyong, Trebla, Kenyan fitness instructor Alvin Lee, and South African fitness royalty, Queen Fitnass.

In line with the VerveLife 5.0 theme, ‘Never Stop’, there was even more fun to come as other musical acts came on stage to thrill the audience. First was Crayon, who doled out his hit songs one after the other. Just as the audience thought they had had just enough for one day, Niniola hit the stage, and the hall went berserk again, dancing to several of her hit tunes.

At this point, the event was best described as an inexhaustible bar of fun, entertainment and good sweat.

The VeveLife 5.0 experience included a series of build-up events spanning over 12 weeks across eight Nigerian cities and Nairobi, Kenya and culminating in the Lagos grand finale.  Beyond the invigorating fitness routines, games and fun, the overwhelming crowd gave proof to the growing impact the VerveLife Fitness events have been making over the years.

Verve is the leading indigenous payment technology and card brand in Africa, offering simple and cutting-edge payment solutions. Through the VerveLife fitness events, the brand continues to serve as a platform that encourages Africans to maintain a healthy lifestyle through enjoyable and stimulating activities.

This year’s VerveLife fitness event has lived up to its promise of keeping Verve cardholders, and Africans fit and steering them on the path of healthy living while fostering a community of fitness enthusiasts.

Following the resounding success of VerveLife 5.0, one cannot but wonder what to expect from VerveLife 6.0!

Continue Reading
%d bloggers like this: