Africa’s health care system deals with many difficulties. These variety from an absence of contemporary and fully equipped medical centers to scarcities of doctor, consisting of medical professionals and nurses, together with inadequate financing for health care services.
In spite of these barriers, the health care sector in Africa provides numerous financial investment chances. Personal health care costs annually has actually risen from $20 billion in 2016 to $45 billion in 2023, integrating figures from Ghana, Nigeria, and Kenya. This represents an impressive 125% development over 7 years. The typical invest per user is $400, with around 113 million individuals each year spending for personal health care throughout the 3 nations.
To resolve this challenges, Riviaa start-up that teams up with centers to boost service quality in the health care sector, has actually introduced. Established by two-time business owner, Isidore Kpotufe, who offered his start-up, Stabus, to the Nigeria-born and Canada-based movement start-up Treepz after raising $1.2 million, Rivia intends to supply clients with a “modern-day experience” by using loans to partner centers for updating their physical facilities and enhancing their stock.
“Patients have actually lost rely on Africa’s health care system. And innovation alone will not repair that. We require to put the client. What is the expectation of the client? How do we resolve it? That’s the method to repair it. And I think with Rivia’s services, we are on the best track,” stated Isidore.
Isidore Kpotufe speaking on Rivia at the 2023 Angel Fair Africa arranged by Chanzo Capital in November.
Rivia supplies partner centers with a medical facility management system to deal with client consultations and reservations, records, payment collection, laboratory, drug store, and associated administrative jobs. The start-up gathers a commission from the regular monthly income of the partner center which comply with its code of principles and operation and co-branding.
“The health care requirement in Africa is substantial and a various design requires to be checked out to resolve the failure of existing doctor and we are positive that the Rivia design is the method to go,” stated Eric Osiakwan, Managing Partner of Chanzo Capital, who has actually signed up with Rivia’s board of directors. Chanzo Capital is likewise leading a distribute to raise $200,000 in pre-seed financing for Rivia. The funds will be utilized to onboard 10 centers and offer them with the required assistance to scale their organization. The financial investment company prepares to close the round by the end of February.
Onyeka Akumah, Treepz co-founder, and CEO has actually revealed fantastic enjoyment about Rivia’s launch by Isidore and states “Isidore was a crucial staff member at Treepz leading our marketing group before he left and developed our brand name throughout Africa. Today, he has actually chosen to leave us to construct Rivia and I believe that he will be successful in his vision with the group he has actually put together. From everybody at Treepz, we want Isidore success in his brand-new endeavor and thank him for whatever he made with us. In addition, I enjoy to accept his invite to join his board of advisers to support the Rivia group with my experience and network as they aim to construct the biggest chain of modern-day health care services.”
Rivia presently runs in Ghana with strategies to broaden to West and East Africa.