Uganda-based Rocket Health, which offers telemedicine and home drug delivery services, announced it has raised $5 million in a Series A round to expand its digital health services. The company plans to expand across East Africa over the next two years.
The deal, led by investment firm Creadev, brings to about $6.2 million, the total funding secured by the health tech, since its inception in 2012. “We have been highly impressed by the creativity, tenacity, and vibrant culture of the Rocket Health team, who hold an ambitious vision for the future of African primary care. The opportunities are countless, from data analytics to innovative distribution channels,” Creadev said in a statement.
As a reminder, Rocket Health reported in August 2021 a nearly 500% increase in its teleconsultations. The company explained that covid-19 has helped accelerate advances in virtual consultations, in East Africa.
Davis Musinguzi, co-founder and CEO of the firm, said Africa is the region with the highest disease burden in the world with the lowest patient-to-physician ratio. Telemedicine is, according to him, one of the ways to overcome the lack of hospitals for all patients on the continent.
Chamberline Moko
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Egypt’s solar photovoltaic capacity could rise from 2.9 GW in 2025 to 34.3 GW by 2035, according to GlobalData. Total renewable energy capacity could...
Africa’s natural gas consumption rose 4% to 185 billion cubic meters in 2025, driven by power and residential demand. North Africa led...
President Évariste Ndayishimiye replaces three ministers in his third cabinet reshuffle since 2020. Changes affect health, infrastructure, and...
Both partners target to expand supply chain finance across eight African markets with the deal $1.9 billion deal flow is expected to occurred over...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....