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Konga Health Sign MoU with Association of Nigerian Private Medical Practitioners to Boost Access to Quality Healthcare Services



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Konga Health, an ambitious, technology-driven healthcare solutions company, has signed a strategic Memorandum of Understanding (MoU) with the Association of Nigerian Private Medical Practitioners (ANPMP) to boost access to quality healthcare services in Nigeria, including the delivery of genuine drugs and medical supplies.

The signing of the Memorandum of Understanding (MoU) took place on Tuesday, June 29, 2021, at the company’s corporate headquarters at Yudala Heights on Idowu Martins, Victoria Island, Lagos.

Present during the signing of the partnership agreement was Co-CEO, Konga Group, Mr. Nick Imudia; Vice President, Konga Health, Mr. Festus Akinola; National Portfolio Manager, Mr. Cornelius Umanze and Group Company Secretary, Barr. Chris Eze Ozims, among others. Also present were members of the Executive Council of ANPMP, led by its President, Dr. UgwuIykeOdo; Vice-President, Dr. Kay Adesola and General Secretary, Dr. Ned Okoro and other executive members of the association.

The landmark partnership will see Konga Health – a digitally-driven healthcare company – boost standards across verticals in the Nigerian health sector.

Specifically, the company intends to achieve this by improving access to quality healthcare for the reached, under-reached and unreached members of the populace through the importation and timely delivery of certified pharmaceutical products and medical supplies across the nooks and crannies of Nigeria through a wide chain of distribution centers. Furthermore, the development will guarantee the gradual eradication of the incidence of fake drugs, while also providing a credible and robust platform for local and international donor agencies, government, non-governmental institutions as well as philanthropic and public-spirited individuals who wish to support access to quality Medicare with clear data to the remotest part of Nigeria.

‘‘We are delighted and see it as a privilege to have finally signed this very strategic partnership between Konga Health and ANPMP which will positively change the face of healthcare delivery in Nigeria,’’ disclosed Imudia, Co-CEO, Konga Group. ‘‘This is another important milestone recorded by the Konga Group. It is also in line with our other disruptive efforts, including launching the world’s first composite e-commerce company, our CBN-certified mobile wallet, advanced digital logistics company, frontline travel booking agency and much more.’’

Also speaking, the President of ANPMP, Dr. Odo described the partnership with Konga Health as a much-needed development that will transform the fortunes of the Nigerian healthcare delivery system.

“This MoU will change the dynamics of the healthcare delivery system. At a time in the world when everything is changing and medical practice has shifted in the direction of technology, this understanding between the Konga Group, an ICT and logistics conglomerate and the Nigerian private doctors who cater for the healthcare needs of over 70% of Nigerians, could not have come at a more desirable season.

“This partnership is a bold step at the concept and vision of integrated private sector synergy aimed at revamping our health sector and bringing global best practices home. The MoU has given hope to the dire need to build a reliable database in the healthcare space, integrate local and international contents in raising advocacy for the actualization of Universal Health Coverage, development of a functional network of electronic health record system, elevating public-private partnership to its prime place in the healthcare delivery structure, inspiring infrastructural development, training, intellectual tourism, research and institutional quality monitoring and evaluation as well as drive programme and projects that connect and benefit private doctors across the land in an engagement effort that aggregates into a new national orientation in healthcare development in Nigeria,” he said.

On his part, VP, ANPMP, Dr. Adesola, also hailed the partnership with Konga Health as one that will greatly benefit Nigerians and improve standards in the healthcare sector, even as he lauded the company’s reach, capacity, and future outlook.

This point was further espoused by Akinola, VP, Konga Health, who explained that the collaboration will further deepen the role of Konga Health in strengthening Nigeria’s healthcare system and delivery.

“The collaboration between Konga Health and ANPMP is a welcome development. Nigerians should expect the best from this partnership. The partnership will help Konga Health to actualize its mission of making healthcare accessible to all, the “unreached” and the “under-reached” in society. It will also transform the system and reduce the incidence of fake drugs and medical devices supplies through the introduction of its strategically positioned distribution infrastructure,” Akinola said.

Also commenting on the partnership, National Portfolio Manager, Umanze cited the prevalent danger of fake drugs, noting that the partnership between Konga Health and private medical practitioners will change the narrative for many Nigerians.

“Statistics from the World Health Organisation (WHO) have shown that the incidence of fake and adulterated drugs is frightening, especially in developing countries, with an urgent need for businesses to step in to tackle the ugly trend. For us at Konga Health, this is not just a business, but also a social responsibility to save an adulterated drugs-challenged society like Nigeria from the dangers associated with this trend,” he said.

He concluded by expressing confidence in the strategic importance of the partnership, especially in making quality healthcare accessible through private hospitals.

“Through this collaboration, we are bridging that gap so that our clients do not only have their necessary medicines at the right time but also that they have such supplies in genuine and unadulterated form,” he disclosed.

The MoU is one of the recent collaborations Konga Health has recorded since its incorporation. Atech-driven healthcare aggregator, Konga Health supplies quality medicines and diagnostic equipment to hospitals and other clients through its strong online and offline outlets. Konga Health also provides a range of services, including the provision of genuine medication, medical devices, ultra-modern equipment, pharmaceuticals, among other health-related essential services. Since the advent of the dynamic company, it has remained at the forefront for pharmacies seeking access to quality pharmaceuticals, as well as medical and diagnostic equipment.

The latest collaboration with the ANPMP is expected to further redefine medical operations in Nigeria and bequeath hitch-free, data-driven quality healthcare services to millions of Nigerians.

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Total Nigeria Rebounds from 2020 COVID-19 Damages, Grows Profit by 1,601 Percent to N8.1 Billion in H1 2021



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Total Nigeria Plc, a subsidiary of Total, grew revenue by 42 percent from N106.705 billion recorded in the first half (H1) of 2020 to N151.333 billion in the first half of 2021.

In the company’s unaudited financial statements for the period, the cost of sales inched higher by 33.4 percent from N94.305 billion filed in the first half of 2020 to N124.83 billion in the period under review.

Total Nigeria’s gross profit appreciated by 105.7 percent to N25.504 billion in the first half of 2021, up from N12.400 billion in the corresponding period of 2020.

The company grew operating profit to N12.526 billion in the first half from -N716.812 million achieved in the first half of 2020 during the peak of COVID-19.

Profit before minimum tax jumped by 2,358 percent from -N523.898 million in H1 2020 to N11.779 billion in the period under review.

Total Nigeria paid N3.713 billion as income tax in the first half of 2021 to take the total profit after tax to N8.1 billion, a 1,601 percent increase from -N537.188 million posted in the corresponding period.

Shareholders’ funds expanded by 17 percent to N32.821 billion from N28.151 billion in H1 2020.

Total Nigeria’s share price grew by 49 percent during the period under review to N145.00 a share, up from N97.50 a unit in the first half of 2020.

Earnings per share jumped from -N1.58 in H1 2020 to N23 in H1 2021.

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CBN Approves BUA Sugar Refinery, Dangote Sugar Refinery and Golden Sugar Company to Import Sugar into Nigeria



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The Central Bank of Nigeria on Monday said it has approved BUA Sugar Refinery Limited, Dangote Sugar Refinery and Golden Sugar Company to import sugar into Nigeria given their commitment to ensuring the country is sugar sufficient through their backward integration.

This was contained in a statement signed by Dr. O.S Nnaji, Director Trade and Exchange Department, CBN.

The decision is in line with the Federal Government of Nigeria’s plan to encourage and incentivize sugar refining companies in their Backward Integration Program (BIP) for local sugar production.

This will allow the three companies to sustain production while simultaneously building their backward integration in the sector.

However, the apex bank said, “Authorised Dealers shall Not open Forms M or Access foreign exchange in the Nigerian foreign exchange market for any company including the three listed above for the importation of sugar without the prior and express approval of the Central Bank of Nigeria as the Bank is charged with the mandate of monitoring the implementation of the backward integration programs of all the companies.”

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JPMorgan On A Blockchain Hiring Spree



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JPMorgan is on a hiring spree for its blockchain unit, seeking to fill positions across audit, engineering and marketing, several LinkedIn postings reveal.

The bank — which has been active in the blockchain space for several years — announced in October 2020 that it would bring all of its blockchain-related products and services under a new business unit, dubbed Onyx. Those services including Liink, a blockchain network of hundreds of financial-services firms and corporations, as well as its Coin Systems business, as per its website.

As for the job ads, JPMorgan has plastered dozens of new postings on LinkedIn, including engineering-related roles. One role for a blockchain platform software engineer is looking for someone with a background in proof of stake, Ethereum, and bitcoin and would create a “forum for innovation with the blockchain technology community that drives thought leadership around the digital architecture roadmap and strategy.”

There’s also evidence the firm wants a stronger external presence for the blockchain work being worked on at the firm.

“This individual will drive the Liink marketing strategy by developing a thorough understanding of our strategic objectives, positioning, brand voice, and offerings so that you can create consistent and engaging content across multiple touchpoints,” the ad reads. The person hired would be tasked with creating marketing strategies that “spark engagement — both internally and externally.”

The bank added that they want the person to have a sense of humor that is a touch irreverent.

JPMorgan has already made quite a number of big-ticket marketing hires for Onyx. At the beginning of the year, Ariana Gianacopoulos — formerly VP of global commercial marketing at Conde Nast — joined the firm as a marketing director.

Ray Beharry — previously a marketing executive for IBM’s cloud services division — also joined at the beginning of the year as head of marketing at Onyx, as per his LinkedIn.

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