Saturday, March 2, 2024
Startups in Africa

Medsaf is Building the Future of Africa’s Pharmaceutical Procurement

From treating addiction to pharmaceutical supply chain management, there has been an increase in the establishment of inventive African healthtech startups across Africa and they’re creating a more accessible, efficient, and reliable healthcare system in Africa and beyond.

Phony and low-quality pharmaceuticals are a common and dangerous problem in Africa, with 30% of available medications on the continent estimated to be fake. Often, these drugs are essential to treat life-threatening conditions like malaria and hepatitis.

Lagos-based Nigerian startup Medsaf was founded in 2017 by Vivian Nwakah and the startup is setting out to tackle this healthcare crisis by establishing a safe and reliable supply chain for medication.

They buy medications directly from both foreign and local drug manufacturers and deliver them to hospitals, pharmacies, and clinics throughout Nigeria.

Medsaf is a technology enabled medication supply management solution for hospitals and pharmacies. They offer inventory management, financing and tracking and tracing technology to help hospitals find cost effective and safe medication from the best sources.

The whole idea of medsaf is based on the fact that quality medication is a fundamental human right, it is an enterprise pharma supply chain solution aimed at increasing availability, affordability and quality of medications.

Medsaf operates in emerging markets servicing hospitals, pharmacies, NGOs, governments and manufacturers.

The startup, who exhibited at Collision in 2019, is also using its buying power to negotiate fair prices for patients. And while they’re currently only operating in Nigeria, they’re planning to expand first into West Africa, then worldwide.

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