AAIC Investment

MyDawa is an innovative online pharmacy that facilitates the purchase of a wide range of high-quality medications and wellness products through a mobile platform. By connecting patients directly to drug stores, MyDawa provides a convenient solution for accessing essential health products without incurring service fees, transaction costs, or delivery charges. This approach aims to make medications more affordable and accessible while addressing the challenges present in the pharmaceutical supply chain.

Ilara Health, founded in 2018 and headquartered in Nairobi, Kenya, focuses on enhancing healthcare access in rural Africa by developing and distributing AI-powered diagnostic devices. These compact devices are designed for primary care doctors in peri-urban and rural clinics, providing accurate and affordable diagnostic services. Ilara Health integrates its technology within a proprietary platform that connects to an electronic medical record system, allowing healthcare providers to efficiently record and manage patient data. By leveraging existing healthcare infrastructure, Ilara Health aims to improve the accessibility and affordability of diagnostic services in underserved regions.

Lapaire Glasses Kenya Ltd. is a manufacturer and seller of eyeglasses, including prescription glasses and sunglasses, founded in 2018 and headquartered in Nairobi, Kenya. The company aims to improve access to affordable eyewear for the lower and middle-income populations in Africa, specifically targeting the 550 million people who need eyeglasses but face barriers to obtaining them. Lapaire offers free vision tests through mobile clinics and an online platform, along with 24/7 chat support, free delivery, and flexible payment options. Its services extend to customers in several African countries, including Uganda, Ivory Coast, Burkina Faso, and Mali. By leveraging innovative technology, Lapaire is committed to enhancing eye health and vision for its clients.

Waspito Inc. is a healthcare technology company based in Douala, Cameroon, that has developed an e-health platform aimed at enhancing the accessibility and affordability of healthcare in Africa. Founded in 2020, Waspito provides a mobile application that connects users with a range of healthcare services, including online consultations with certified medical professionals from various specialties. Patients can engage in video consultations, receive electronic prescriptions, and access health tips, all from their devices. Additionally, the platform facilitates services for pharmacies and laboratories, including medication and laboratory delivery. Through these offerings, Waspito strives to streamline the healthcare experience for patients while supporting a collaborative ecosystem for healthcare providers.

Zanifu is a regulated financial technology company that focuses on providing inventory financing for micro, small, and medium enterprises (MSMEs) in Sub-Saharan Africa. The company’s platform facilitates access to working capital by enabling small retailers to procure inventory from suppliers with the option to pay later. Designed with a mobile-first approach, Zanifu's platform is tailored to function effectively in areas with limited internet connectivity, thereby enhancing efficiency in supply chain operations. By addressing the financing needs of MSMEs, Zanifu plays a crucial role in supporting the consumer goods value chain in the region.

Waspito Inc. is a healthcare technology company based in Douala, Cameroon, that has developed an e-health platform aimed at enhancing the accessibility and affordability of healthcare in Africa. Founded in 2020, Waspito provides a mobile application that connects users with a range of healthcare services, including online consultations with certified medical professionals from various specialties. Patients can engage in video consultations, receive electronic prescriptions, and access health tips, all from their devices. Additionally, the platform facilitates services for pharmacies and laboratories, including medication and laboratory delivery. Through these offerings, Waspito strives to streamline the healthcare experience for patients while supporting a collaborative ecosystem for healthcare providers.

Credable is a digital banking platform that aims to provide financial services to underbanked populations in emerging markets. By partnering with financial institutions and businesses, Credable enables the launch of various financial products, including credit, savings, and payment solutions, on its B2B2C digital infrastructure. This approach connects financial institutions to their customers, empowering end-users with access to essential financial services. By leveraging its platform, Credable allows its partners to concentrate on their core operations while expanding their offerings in the financial services sector.

Aumet is a platform designed to enhance sales for medical manufacturers and distributors by facilitating communication and collaboration. It enables users to share hospital inquiries, exchange business news, and search for products while connecting with potential clients. The platform allows suppliers to list their products and identify distributors interested in selling them across various countries. At the same time, distributors can connect with suppliers, explore new product offerings, and express their interests. By verifying connections between manufacturers and distributors, Aumet streamlines the process of matching supply with demand in the medical industry.

Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company offers a mobile app that allows customers to browse and order pharmaceuticals and personal care products, with delivery facilitated through a network of over 500 pharmacies across the country. Yodawy's platform features an artificial intelligence-powered approval engine that streamlines the medicine ordering process, automatically applying insurance and copayment benefits from four major insurance carriers, with plans to onboard additional providers. Additionally, Yodawy provides a digital prescription app and a pharmacy portal, enhancing the overall experience for patients seeking convenient access to medications and healthcare products.

Ubie, Inc. is a Tokyo-based company founded in 2017 that specializes in developing artificial intelligence-driven healthcare solutions. Its primary product is an AI symptom checker, designed to aid hospitals and physicians by delivering individualized evaluation reports based on patient responses to a brief questionnaire. The system tailors its questions according to various factors, including biological sex, age, medical history, and lifestyle choices. By providing a patient summary and predictive diagnosis, Ubie's technology enhances the diagnostic process, facilitating more personalized care for patients.

Reliance Health is a healthcare technology company focused on improving the affordability and accessibility of healthcare in emerging markets. The company employs an integrated approach that combines affordable health insurance with telemedicine services and a network of both partner and proprietary healthcare facilities. This model aims to provide comprehensive care for individuals, families, and organizations, effectively addressing their health concerns through managed care solutions.

Revital Healthcare is a manufacturer of medical devices and disposables based in Kilifi, Kenya. Established in 2006, the company specializes in producing single-use syringes, needles, re-use prevention syringes, and auto-disable syringes, which are designed to help reduce the transmission of HIV and other blood-borne diseases. Additionally, Revital Healthcare provides infusion sets, blood transfusion sets, and blood collection tubes, catering to the needs of hospitals and medical laboratories. The company focuses on delivering quality medical products at affordable costs, thereby supporting healthcare facilities in their efforts to maintain safety and hygiene.

DrugStoc is a pharmaceutical product procurement platform designed to improve the purchasing experience for healthcare providers in Africa. By offering a seamless end-to-end procurement system, it enables hospitals, pharmacies, and government facilities to access safe and high-quality pharmaceutical products. The platform aims to enhance the availability of medications and healthcare consumables, helping to eliminate counterfeit drugs and simplify the procurement process. DrugStoc's commitment to improving access to affordable healthcare products supports healthcare providers in their mission to deliver better health outcomes across the continent.

Rology is a teleradiology platform based in Cairo, Egypt, founded in 2017. The company addresses the global shortage of radiologists by providing a solution that efficiently matches radiologists with hospital cases based on their availability and specialization. This platform aims to reduce latency in reporting times, enabling patients to receive timely medical reports. Additionally, Rology enhances radiologists' productivity through an AI-powered DICOM reader, which supports the growing demand for radiology examinations such as CT and MRI. By leveraging technology, Rology facilitates quicker and more effective communication between healthcare providers and radiologists, ultimately improving patient care.

Shezlong is an online mental health platform based in Cairo, Egypt, and is recognized as the first and largest online psychotherapy service in the Arab world. Founded in 2016, Shezlong connects users with over 350 licensed therapists, facilitating private and convenient access to professional counseling in Arabic. The platform serves a diverse clientele, reaching over 100,000 users across 85 countries, primarily targeting Arabic-speaking individuals in the MENA region. Users can access a range of services, including informative blogs, psychometric tests to assess their mental state, and personalized therapist recommendations. Shezlong allows clients to book sessions and communicate with therapists through video, ensuring confidentiality and privacy. By empowering therapists and providing comprehensive mental wellness resources, Shezlong aims to be an integral part of its users' daily routines, promoting better mental health and well-being.

Sendy Ltd. is a logistics company based in Nairobi, Kenya, founded in 2014. It operates a comprehensive logistics platform designed to simplify and optimize delivery processes for businesses. The platform facilitates door-to-door delivery for e-commerce and assists manufacturers and distributors in managing their logistics more efficiently. Sendy connects businesses with multiple transporters, allowing them to schedule, track, and pay for deliveries seamlessly. With a focus on transparency and security, Sendy empowers thousands of companies to manage their logistics through an integrated system that also provides access to reporting tools and cashless payment options.

Reliance Health is a healthcare technology company focused on improving the affordability and accessibility of healthcare in emerging markets. The company employs an integrated approach that combines affordable health insurance with telemedicine services and a network of both partner and proprietary healthcare facilities. This model aims to provide comprehensive care for individuals, families, and organizations, effectively addressing their health concerns through managed care solutions.

DentaCarts is an online dental marketplace based in Nasr City, Egypt, that connects dentists with vendors across the Middle East and North Africa. Founded in 2017, the company focuses on revolutionizing the procurement and supply chain processes in the dental sector. It offers a wide range of products, including restorative, endodontics, prosthetics, periodontal, surgical items, implants, orthodontics, consumables, instruments, and dental lab services. DentaCarts operates a B2B e-commerce platform that features over 30,000 listed products and collaborates with more than 150 agents and suppliers, serving over 3,000 dental businesses in Egypt, Saudi Arabia, and Germany. The company leverages advanced technologies, including artificial intelligence and Internet of Things solutions, to streamline order management and automate supply chain processes, aiming to lead the dental supplies market in the region through its innovative digital solutions.

Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.

MyDawa is an innovative online pharmacy that facilitates the purchase of a wide range of high-quality medications and wellness products through a mobile platform. By connecting patients directly to drug stores, MyDawa provides a convenient solution for accessing essential health products without incurring service fees, transaction costs, or delivery charges. This approach aims to make medications more affordable and accessible while addressing the challenges present in the pharmaceutical supply chain.

Africa Healthcare Network (AHN) has pioneered the first dialysis chain in Sub-Saharan Africa, aimed at delivering affordable, high-quality dialysis services for patients suffering from Acute Kidney Injury and End-Stage Renal Disease. In a region where existing facilities are limited and often charge exorbitant fees, AHN addresses the critical shortage of accessible dialysis care. The organization leverages its technical expertise and practical experience to establish well-equipped centers, while also focusing on training healthcare professionals to enhance service delivery. As Chronic Kidney Disease and related health issues rise due to urbanization and lifestyle changes, AHN's model prioritizes operational efficiency and cost-effective sourcing of medical supplies, thereby reducing treatment costs for patients. Operating in Rwanda, Tanzania, and Kenya, AHN is committed to increasing access to life-saving dialysis care, ultimately improving patient outcomes while ensuring financial sustainability.

Jibu focuses on addressing the water crisis in East Africa by enabling local entrepreneurs to establish businesses that treat and package safe drinking water in reusable bottles. With 450 million East Africans lacking reliable access to clean water, Jibu operates in the Democratic Republic of the Congo, Rwanda, and Uganda, with plans for future expansion. The company provides seed financing and essential resources to empower entrepreneurs to create affordable drinking water franchises, offering water at a price 75% lower than bottled options. This model not only delivers convenience through door-side delivery but also fosters financial independence and self-sustaining business practices within the community. By leveraging local ownership, Jibu aims to ensure that basic human necessities, starting with water, are accessible to all.