mPharma, a technology-driven health care company has raised $35 million to build a chain of community pharmacies across Africa. Co-founder and CEO Gregory Rockson said the funding will be used to construct the startup’s data infrastructure, triple its staff by 2025 and support expansion. “We are hiring over 100 engineers to build all our technology in-house and this includes a massive data infrastructure we are creating,” Rockson said. “We are also investing in other skilled talents like doctors and nurses, professionals that are critical in the work we do.” Bloom, the company’s pharmacy management software, will allow mPharma to create…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Kakuzi Plc is a dually listed company trading on both the Nairobi and the London Stock Exchange.
Companies in Kenya are less optimistic that the country’s economic growth will gain traction in 2022, according to the latest PMI data besides witnessing an expansion to a 14-month high in December. The Stanbic Bank Kenya Purchasing Managers Index-PMI says the pace of growth was the strongest seen since October 2020 on improving customer demand and better cash flow as economic conditions recovered further from pandemic measures. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.…
BlackBerry Limited will stop running support for its devices from Jan 4, 2021. In a statement, it said, devices running BlackBerry software – classic devices running BlackBerry 10, 7.1 OS and earlier models – “will no longer reliably function, including for data, phone calls, SMS and 9-1-1 functionality.” “As a reminder, the legacy services for BlackBerry 7.1 OS and earlier, BlackBerry 10 software, BlackBerry PlayBook OS 2.1 and earlier versions, will no longer be available after January 4, 2022,” it said in an updated statement on Dec 22, 2021. In 2016, BlackBerry said it would no longer manufacture BlackBerry devices. In…
German food delivery group Delivery Hero said on Friday it had signed an agreement to acquire an additional 39.4 per cent stake in Spanish delivery app Glovo. Delivery Hero currently holds approximately 44 per cent interest on a non-diluted basis. According to the agreement, in exchange for the Glovo shares, Delivery Hero will issue its own shares to the sellers at a fixed exchange ratio that implies a Gross Merchandise (or Market) Volume valuation of Glovo in line with Delivery Hero’s current trading levels. “The closing of the transaction is subject to certain customary conditions and regulatory approvals, including merger…
Kenya’s annual inflation eased to 5.7 per cent in December from the previous month’s 5.8 per cent, helped by lower fuel costs attributed to the ongoing government subsidy, as per data released on Friday. Fuel prices for the period 15th December 2021 to 14th January 2022 remained unchanged at Ksh 129.7 per litre for Super Petrol, Ksh 110.6 per litre for Diesel, and Ksh 103.5 per litre for Kerosene which has had an impact on the inflation basket. “This was mainly due to an increase in prices of commodities under; food and non-alcoholic beverages (9.09%); transport (8.10%); and housing, water,…