The Empower Africa Business Platform is Now Live !!!
This investment aims to address the growing healthcare needs in Tanzania, particularly as climate change intensifies various health challenges across Africa.
Medikea’s innovative model aims to bridge the gap by combining 24/7 telemedicine with strategically located physical clinics, making essential care more accessible and affordable for underserved populations.
Africa faces a surge in health problems linked to malnutrition, infectious diseases, heat-related illnesses, and more, often compounded by a lack of readily available healthcare resources.
Medikea’s approach tackles this challenge head-on by offering an integrated care ecosystem that blends physical clinics with telemedicine support.
Founded in 2023, Medikea is the brainchild of Dr. Elvis Silayo (CEO) and Dr. Desire Ruhinda (COO), both veterans of Tanzania’s national hospital system.
Operating currently in Dar es Salaam, the startup prioritizes delivering quality care to individuals facing financial constraints.
Their unique model combines virtual consultations with physical clinic visits, offering affordable primary care and diagnostics. To date, Medikea has served nearly 10,000 Tanzanians, providing crucial services like consultations, specialist referrals, and pharmacy connections at nearly half the cost of alternative options.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.

Checker, a company building infrastructure for stablecoin-based financial services, has secured $8 million in fresh funding as it looks to expand digital payment and settlement solutions across Africa and other emerging markets.

Swedfund, Sweden’s development finance institution, has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II).