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LIFE STORES – Africa’s Tech pharmacy

The rising cost of drugs in Nigeria Global healthcare expenditure is escalating at an unsustainable rate. In Nigeria, Out-of-pocket expenditures constitute nearly 90% of the total private health spending, placing a significant burden on households. This increase in drug prices could come with grave consequences of morbidity and mortality to consumers of healthcare products in

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CHISCO EXPRESS: Tech Driven Logistics

Chisco Express is a tech-enabled air and ground logistics company that specialises in the transport of food, medical supplies, drinks and other essential goods across Africa.  The Nigerian population of 200m people is growing at 3.2% per year. Poorly developed rail networks make road/air the only options, in most cases, to move the goods that

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About Oga Pharmacy 

According to BBC, low-income African countries ‘pay 30 times more’ for drugs. Our portfolio company Lifestores is using technology to solve this problem with its innovative product, Oga Pharmacy.  Oga pharmacy, is a new program from Lifestores.  The technology supports community pharmacies by both reducing costs by up to 15% and guaranteeing genuine medications. They

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The Problem: More children under 5 years die in Nigeria

According to UNICEF, Nigeria has one of the world’s highest infant mortality rate per 1,000 live births. The current infant mortality rate for Nigeria is 59.181 deaths per 1000 live births, a 2.44% decline from 2019. This high rate is mostly caused by the persisting low numbers of births occurring in health facilities and the

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How our Portfolio companies helped respond to COVID-19

LIFESTORES: Developed care packages for COVID19 patients isolating at home, developed ICU drug formulae for COVID19 isolation centres, partnered with Gokada to deliver drugs to chronic disease patients at home during the lockdown. HELIUM HEALTH: Telemedicine solution for doctors consultations for COVID19 patients at home. CHISCO EXPRESS: Delivered over 100 cylinders of oxygen across to

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Lifestores pharmacy, has been selected for JICA’s 2020 business plan competition in response to COVID-19 for African Startups

We are pleased to announce that lifestores pharmacy, one of our portfolio companies, has been selected for JICA’s 2020 business plan competition in response to COVID-19 for African Startups. This selection was done through Ninja (Next Innovation With Japan). Lifestores is a retail pharmacy start-up, bringing disruptive innovation to the pharmaceutical sector in Nigeria by

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