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Heritage Bank Offers Robust Loans to Medical Equipment Importers, Backs AFRICANMED

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By Modupe Gbadeyanka

A partnership has been signed by Heritage Bank Plc with AFRICANMED and the Chinese community in Nigeria. The deal aims at developing the country’s health sector and bringing down the rate of medical tourism by Nigerians.

MD/CEO of Heritage Bank, Mr Ifie Sekibo, who disclosed this at the maiden edition AFRICANMED exhibition of top brands of medical equipment from China in Lagos recently, said there was an urgent need to reduce the huge foreign exchange which Nigerians spend every year on medical tourism.

He explained that Heritage Bank would find it easy to provide finance for interested buyers of the medical equipment from China because it already has a robust correspondent banking relationship with Deutsche Bank of China and Access Bank of China. The relationship, he said, would enable Heritage Bank to seamlessly open letters of credit for interested buyers.

Mr Olugbenga Awe, Group Head, Agric and Export, Heritage Bank, who represented Mr Sekibo, said since some of the equipment cost millions of dollars, the bank would not expect the buyers to tie down such heavy amount of money, adding that the bank will support interested buyers with robust loans that will enable them to acquire the equipment and pay back over a period of two years.

“We are willing and ready to support with funding as far as this equipment are concerned,” he said, adding that the bank is working with AFRICANMED to develop a bespoke solution that will enable prospective buyers to buy the products while the bank pays on their behalf.

He said the recent $2.5 billion currency swap deal between the Central Bank of Nigeria (CBN) and the Chinese central bank would help as the bank would have enough funding through that arrangement to meet the needs of interested buyers.

AFRICANMED was recently set up in Nigeria to congregate top brands of Chinese medical equipment and healthcare solutions provider companies focusing on the “Selection of Intelligently made-in-China products, to serve the African people.”

Based on big data of medical supply chain, the company will provide comprehensive online and offline service platforms for all kinds of African medical institutions, hospitals, specialist care, small and medium-sized distributor financing, procurement and inventory using Nigeria as the hub of its operation on the African continent.

Also speaking, Group Chief Executive Officer of AFRICAMED, Mrs Rainy Liu, said the maiden edition of the exhibition, which was like a launch, was organised to create awareness about the company among Nigerians. She said there is a need for Nigerians to know that the company has come to offer the best medical equipment and healthcare solutions from China to Nigeria and the rest of the African continent at affordable cost.

Mrs Liu said the objective is to make healthcare solutions accessible and affordable to the masses in Nigeria and other African countries, remarking that besides Nigeria, the company has offices in Ghana, Uganda, Kenya, Ethiopia and South Africa.

She said there are professional teams in China that specialize in quality control through detailed screening in order to ensure that customers purchase the best cost-effective products.

“The teams also have stringent supplier selection and evaluation system to ensure that the medical products represent the most advanced technology and the best quality in China

“Besides this, they have signed strategic cooperation agreements with more than 50 well-known brand manufacturers and most of them are listed companies, such as Mindray, Neusoft, WDM, Aeno, Yuwell, Lifetech, David DIRUI, WEGO, Winner, SonoScape and EDAN, among others, to avoid your being confined to the substandard No Name brands that swarm into Chinese open market.”

The Group CEO said the company has the most dedicated sales teams in Africa to provide pre-sales, on-sales, and after-sales consultancy, which would help to reduce transaction processes and costs of medical equipment, thereby making medical equipment procurement easier.

She said in response to the high demand for repetitiveness and taking the wishes of customers into consideration, the company would formulate centralized container purchasing and periodic inventory replenishment system so that buyers could truly enter the era of digital management of medical equipment procurement.

The company also has online professional after-sales teams with a nationwide target of more than 100 engineers allocated in different states and cities so that customers could get quick professional services after they click on the service requests.

The company’s online platform will be available for use by medical outfits to register on and open their online shop to post their inventory information and trade online.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Over 1.5 million Nigerian Children Living With Sickle Cell Disease—Report

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sickle cell disease

By Modupe Gbadeyanka

More than 1.5 million children under the age of 15 are living with sickle cell disease in Nigeria, a new international study published in The Lancet Child & Adolescent Health, one of the world’s leading medical journals, has revealed.

In the report made available to Business Post, it was disclosed that Nigeria carries the highest burden of disease globally, far exceeding other high-burden countries such as the Democratic Republic of the Congo and Ethiopia.

The findings highlight both the scale of the challenge in Nigeria and the opportunity for the country to lead Africa in tackling one of the most preventable causes of childhood illness and death.

The study shows that nearly nine million children across sub-Saharan Africa are living with sickle cell disease in 2023, including around 1.17 million infants and 2.75 million children under five, who face the highest risk of early death without treatment.

Sickle cell disease is an inherited blood disorder present at birth. With early diagnosis and access to simple, low-cost interventions such as newborn screening, penicillin prophylaxis, routine vaccinations, malaria prevention, and hydroxyurea, most complications and deaths can be prevented.

However, in Nigeria, access to these essential services remains limited. Many children are only diagnosed after severe and avoidable complications, while others are never diagnosed at all, contributing to high levels of preventable illness and early childhood deaths.

The researchers emphasise that strengthening Nigeria’s health system response will be critical. This includes expanding newborn screening programmes, improving access to essential medicines, and integrating sickle cell care into primary healthcare services.

They called for urgent and coordinated action across government, health institutions, and development partners, including expanding newborn screening programmes, improving access to essential medicines and vaccines, and embedding sickle cell care within primary healthcare services.

The researchers, led by Professor Davies Adeloye, Professor of Public Health at Teesside University, United Kingdom, and Director of the International Society of Global Health (ISoGH), also called for increased domestic investment, supported by international partnerships, as well as stronger data systems to improve surveillance and guide policy decisions.

They concluded that even modest improvements in early-life screening and treatment in high-burden countries like Nigeria could transform child survival and significantly reduce preventable deaths.

“Nigeria now stands at the centre of the global sickle cell crisis. With over 1.5 million children affected, the scale is enormous, but so is the opportunity to act. We already know what works. Newborn screening and early treatment are effective, affordable, and can be delivered through existing health systems.

“If Nigeria prioritises sickle cell disease within its national health agenda and integrates care into routine maternal and child health services, we could save hundreds of thousands of young lives and significantly reduce avoidable deaths.” Professor Adeloye noted.

It was learned that the study analysed data from 40 studies across 22 African countries to produce the most comprehensive country-level estimates of childhood sickle cell disease to date.

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Health

Helical Secures $10m Funding Package for Expansion

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Helical

By Dipo Olowookere

A $10 million capital has been raised by Helical to support expansion across more top-20 pharma programmes and growth of its deployed science engineering team.

The firm will also use the money to build the compounding evidence layer that improves performance across diseases, as its mission is to make every scientist able to test hypotheses at the speed of inference and to turn in-silico discovery into a reliable engine for R&D throughput.

The funding package was from redalpine, Gradient, BoxGroup, Frst and notable angels, including Aidan Gomez (CEO Cohere), Clement Delangue (CEO HuggingFace) and Mario Goetze (pro soccer player).

Helical has a product known as the virtual AI lab for pharma, an application layer that turns biological foundation models into decision-ready, reproducible in-silico discovery workflows.

The platform has two product surfaces — the Virtual Lab for biologists and translational scientists, and the Model Factory for ML engineers and data scientists — built on the same data, the same models, and the same results.

By putting both sides in the same system, Helical closes the gap between computational predictions and biological decision-making, so teams that traditionally worked in silos can collaborate on the same evidence.

Helical was founded in early 2024. It was created by three school friends who took different paths to the same problem.

Rick Schneider built tech at Amazon and later helped the German enterprise Celonis scale in France and Japan. Maxime Allard led data science teams at IBM before pursuing a PhD focused on reinforcement learning and robotics. Mathieu Klop became a cardiologist and genomics researcher.

When bio foundation models emerged, the trio saw the chance to build the missing application layer that would let pharma teams move from model experimentation to reproducible, production discovery.

“The models alone don’t discover drugs. The system does. Pharma teams need a system that turns foundation models into workflows scientists can run, validate, and defend.

“We built Helical to make in-silico science reproducible at pharma scale, so teams can go from hypothesis to decision in days instead of months,” the co-founder of Helical, Mr Rick Schneider, said.

“We are at a unique point in time where biological foundation models and general language reasoning models are converging.

“We backed Helical because we strongly believe they have what it takes to build the pharma AI orchestration platform that will drive this transition from siloed AI models to integrated virtual AI labs,” the General Partner at redalpine, Mr Daniel Graf, stated.

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NARD Suspends Indefinite Strike, Gives FG Fresh Two-Week Ultimatum

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resident doctors strike

By Adedapo Adesanya

The Nigerian Association of Resident Doctors (NARD) has suspended its planned nationwide indefinite strike, granting the federal government a two-week ultimatum to address lingering welfare issues affecting resident doctors across the country.

The decision was taken after an emergency meeting of the association’s National Executive Council on Tuesday, where members reviewed assurances from government representatives and resolved to give dialogue another chance.

NARD said the suspension was informed by “progress made” in negotiations, particularly commitments on the prompt payment of salary arrears, hazard allowances, and steps toward resolving issues surrounding the Medical Residency Training Fund.

The association did not declare a full resolution of the dispute. It noted that the government had shown “renewed willingness” to address the concerns that triggered the strike threat.

The association noted that while these engagements signalled a willingness by the government to resolve the dispute, several critical issues remain outstanding, particularly the delayed payment of promotion arrears, salary arrears, the 2026 Medical Residency Training Fund (MRTF), and the backlog of 19 months’ professional allowance arrears owed to resident doctors.

It also expressed concern over the Federal Government’s decision to halt the implementation of the reviewed PAT, which had earlier triggered widespread dissatisfaction among its members and raised fears of disruption to healthcare services nationwide.

Despite these unresolved issues, NARD said it opted to suspend the strike as a demonstration of goodwill and commitment to ongoing dialogue, while giving the government a two-week window to take concrete, measurable and verifiable steps to meet its demands.

The association insisted on the immediate reversal of the decision affecting the PAT, payment of all outstanding arrears, prompt disbursement of the MRTF, and full settlement of the accumulated professional allowance backlog.

It warned that it would reconvene at the expiration of the ultimatum to assess the level of compliance and determine its next course of action, adding that failure by the government to meet its demands within the stipulated timeframe would result in the resumption of the suspended strike without further notice.

NARD also called on its members nationwide to remain calm, united and resolute, while urging the Federal Government to act swiftly to prevent a potential crisis in the health sector.

The association further appreciated the interventions of the Vice President and other stakeholders, expressing hope that their involvement would lead to the timely resolution of the dispute and help sustain healthcare delivery across the country.

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