NFLX0.08% (986.42)
COKE0.61% (1375.4)
MRNA0.74% (31.29)
ETH/USD0.19% (2329.39)
LTC/USD0.08% (129.82)
DOGE/USD0.03% (0.21)
BTC/USD0.12% (85343.3)
ZM0% (73.71)
SPOT0.03% (602.02)
AMC0.3% (3.29)
SHOP0.3% (113.85)
GME0.24% (24.72)
NFLX0.08% (986.42)
COKE0.61% (1375.4)
MRNA0.74% (31.29)
ETH/USD0.19% (2329.39)
LTC/USD0.08% (129.82)
DOGE/USD0.03% (0.21)
BTC/USD0.12% (85343.3)
ZM0% (73.71)
SPOT0.03% (602.02)
AMC0.3% (3.29)
SHOP0.3% (113.85)
GME0.24% (24.72)

Showing 7 results for:

drugstoc

All results

7
Nigerian Tech Startup DrugStoc Wants To Become Africa's One-Stop Shop For Its Healthcare Providers

Lack of accessibility to essentials for everyday living is often the story behind the downfall of systems around the globe. For instance, Nigeria is the home of some of the world’s brightest minds, but significant setbacks include its healthcare system, which impedes its citizens from seeking to live fruitful lives. However, healthcare should be a human right, and this is what pushed DrugStoc co-founders Chibuzo Opara and Adham Yehia to create what is now Africa’s leading health tech platform. Their platform serves as a tech-enabled solution that combats the continent’s broken pharmaceutical supply chains through connecting drug store companies with hospitals and pharmacies in Nigeria. Before launching DrugStoc, Opara and Yehia founded Integra Health, a hospital management company, which paved the way for their discovery of how tech could break barriers within the pharmaceutical market. “It was quite a black box what tech could do,” Yehia told AfroTech. “We came from the health...

Jan 24, 2022

DrugStoc Raises $4.4M To Improve Africa’s Disrupted Pharmaceutical Supply Chains

The African continent has experienced severe challenges in its pharmaceutical supply chains for decades leaving many people without access to medication. TechCrunch reports, “In response, the co-founders created and piloted a tech-based platform in 2015 linking manufacturers with distributors. This plan failed to take-off as it immediately became clear that a platform alone would not suffice.” In 2017, the outlet reports, those co-founders Chibuzo Opara and Adham Yehia launched DrugStoc officially to connect drug store companies with hospitals and pharmacies in Nigeria. The new model, however, proved to be successful due to new infrastructures such as fulfillment centers and warehouses to facilitate orders, packaging, shipment of products, and customer support units. Since its inception, the e-health drug procurement platform has delivered pharmaceutical products to 100 million people and has connected 400 manufacturers to 3,200 doctors, hospitals and pharmacies. The company plans...

Nov 15, 2021

Remedial Health Raises $12M Series A To Provide Safe Pharmaceutical Products In Nigeria

An investment has been made to make pharmaceutical products more reliable and safer for people in Nigeria.

Aug 1, 2023

Beacon Power Services Raises $2.7M To Help Increase Access To Electricity Across Africa

The phrase “NEPA took the light” is something that you hear quite often in Nigeria. The acronym stands for the National Electric Power Authority, the former name for the company that keeps the power running in the country. Now, named the Power Holding Company of Nigeria, electricity cutting off sporadically continues to be an ongoing issue. In 2014, Beacon Power Services (BPS) founder and chief executive officer Bimbola Adisa launched his company to help improve electricity access in not only Nigeria but across Africa, TechCrunch reports. A report says that in 2020, 77 percent of Sub-Saharan African countries had no access to electricity, having to turn to alternatives like generators. After eight years invested in providing energy management software and analytics for utilities, BPS has recently raised $2.7 million, according to the outlet. “Africa is home to the fastest growing cities in the world, but when most people think of energy access in Africa, they think of the rural...

Aug 5, 2022

Davido Keeps His Word To Twitter Followers, Disburses $600K In Donations To 292 Orphanages Across Nigeria

It’s official — international superstar Davido has kept his word to support Nigerian youth. In November 2021, the Afrobeats artist took his fans by pleasant surprise when he requested for his followers to send money for his birthday to his Wema account, which turned out to be for donations to orphanages across Nigeria and the Paroche Foundation — an organization working to fight substance abuse — as previously reported by AfroTech. “My goal is to do this fundraising every year to celebrate my birthday and give back to people in need. It is my hope that my friends, fans, colleagues in the industry, and the public will continue to support me as I drive this cause,” he shared in a statement via his Instagram. Davido’s social media outreach of 72 hours — along with his own contribution — brought in a whopping 250,000,000 Nigerian Naira (over $600,000 USD). View this post on Instagram A post shared by Davido (@davido) From there, Pulse Nigeria reports that Davido disbursed the donations...

Feb 17, 2022

Web3 Startup Nestcoin Raises $6.45M In Pre-Seed Capital To Make Crypto More Accessible For Africa

Nestcoin, a global web3 startup, has raised $6.45 million in pre-seed capital, according to a press release. The Nigeria-based company aims to make crypto accessible primarily in frontier markets and their new funding will go toward their mission.

Feb 1, 2022

Billionaire Mark Cuban's New Online Pharmacy Could Serve As A Game-Changer For The Underserved

Mark Cuban has set ablaze a game-changer in the pharmaceutical supply chain that many lives will benefit from. TechCrunch reports that the billionaire recently announced the launch of The Cost Plus Drug Company, his online pharmacy that aims to offer affordable prices for generic drugs. If you are looking for lower pricing on your generic drug purchases, go to https://t.co/LYIIV9Pqzd and sign up ! All drugs are priced at cost plus 15% ! Sign up and share your thoughts and experiences with us ! https://t.co/bFXCMccmvy — Mark Cuban (@mcuban) January 20, 2022 Mark Cuban is known for always being ten steps ahead with his business moves, and his latest move could serve as a vital resource for underserved communities as the online pharmacy isn’t necessarily for the entrepreneur’s gain. It’s ultimately for the benefit of the masses. “I want to be above break even while maximizing the number of people who can afford their medications,” he told the outlet. “Shoot. I would be happy if we can...

Jan 25, 2022

Download the AfroTech App