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Toyota Tsusho Invests in Venture to Improve Kenyan Medical Services Through ICT-Third investment by Toyota Tsusho's social venture development fund for Africa
Toyota Tsusho Corporation ("Toyota Tsusho") has announced that Toyota Tsusho CSV Africa Pte. Ltd. ("CSV Africa"), a social contribution-oriented venture development fund for Africa, has concluded and invested a capital investment contract with Kenyan information and communication technology (ICT) company Seven Seas Technologies Limited ("SST"), marking its third investment in Africa.
SST is a leading provider of integrated business and technology solutions. The Company utilizes technology through innovation to deliver products that enhance efficiency in service delivery in the private and public sector, by targeting sectors that have the greatest transformational impact in Kenya and Africa in general focusing on healthcare and social services. In the field of healthcare, SST has been involved in deploying National wide cutting edge medical infrastructure, health care programs and solutions for enhanced management of healthcare institutions and resources including; turnkey healthcare project management, Healthcare Information Technology and deployment of end to end Health Information Systems. SST also has recently partnered with GE Healthcare through the Kenya Ministry of Health's Managed Equipment Services (MES) project for the installation and upgrading of medical infrastructure in ninety eight (98) hospitals distributed in the fourty seven (47) counties in Kenya.
In Kenya, medical costs are rising amid growing demand for high-quality medical services. Additionally, the disparity between urban residents and rural residents in access to medical facilities has become an issue. Other issues include a shortage of medical practitioners. This investment will support the digitalization of medical services and lead to more efficient medical work, while also raising the level of medical services by using cloud computing to share data. IT-based medicine will also make it possible to provide treatment and diagnosis to remote regions.
Over the next five years, CSV Africa will share in SSTs formative vision to enhance the quality, cost and accessibility of health services in contribution to Kenya's development.
|Investment VALUE||US$3 million (approx. ¥300 million)|
Seven Seas Technologies Group … Transforming Lives, Changing Communities
At Seven Seas Technologies (SST) we are committed to transforming lives and changing communities. With a high entrepreneur focus and having been in business for 16yrs, the award winning company has evolved from an infrastructure company to a full end to end business transformation company in the healthcare, homeland security and social services segments.
In our Healthcare segment we are simply orchestrating cutting-edge medical infrastructure and health information systems, through creative financial models to enable Africa to deliver predictive, preventive, personalized and innovative healthcare solutions.
SST is currently working closely with General Electric (GE) to modernize & upgrade radiology departments of 98 Level IV and Level V hospitals across Kenya with state-of-the-art radiology facilities. SST is also working on transformative oncology and laboratory diagnostic programs that focus on affordable, accessible and quality healthcare delivery.
Additionally, SST will deploy and manage fully self-contained, customizable container clinics, which will be positioned as a triage service and primary healthcare provider throughout Kenya.
Bridging the Gap
As a corporate innovative leader, SST is evolving with Kenya’s changing healthcare needs. We believe that SMEs can harness ICT and innovative healthcare solutions to address healthcare challenges that drive upward social mobility and economic growth for Kenyan citizens. Targeted healthcare sector investments will create opportunities for SMEs, and SST is at the forefront of addressing the missing middle challenge to ensure scalable innovation happens at all levels.
Through a SME scale-up strategy, SST will support innovative local start-ups and entrepreneurs who are developing or looking to develop pioneering healthcare solutions through our new Afya Labs programs, Kabla and Takeoff.
SST Afya Labs
SST Kabla is a talent incubator designed to support budding founders start and scale a business in Kenya’s healthcare ecosystem. Kabla is targeting mid-career healthcare professionals most familiar with the sector’s challenges and with proven success in health services delivery and a knack for leadership. The individual will have an unfunded pre-idea for which Kabla will provide idea validation, a launch team, co-working space and a monthly stipend as the idea is incubated for monetization.
SST Takeoff is geared towards empowering existing startups in the healthcare space who face the challenges of getting good ideas to scale due to limited access to partners, clients, suppliers and financing. SST will provide access to our diverse network, technological support, concept refinement, strategy formulation, co-working space and funding.Download Files
Kenya's President, Uhuru Kenyatta, Kitui Governor, Juilius Malombe, and Kericho Governor, Paul Chepkwony, showcase the transformation of the healthcare sector through inter-hospital telemedicine within radiology departments - a project that has been implemented across Kenya by GE Healthcare and Seven Seas Technologies Group.
Source: The Daily Nation, June 13, 2016Download Files
Providing healthcare for their poorest citizens is a policy challenge facing African governments which lack the resources to invest in hospitals, clinics and medical equipment. But Michael Macharia believes that developing countries can leapfrog over US and European healthcare models to provide healthcare for all their people. The founder of Seven Seas Technologies (SST) Group, a pan-African business, has teamed up with GE Healthcare in a Kenyan government partnership to create a nationwide health service for its 40 million-plus population.
Mike is using information and communication technology (ICT) and innovative financing schemes to bring health services to Kenya’s poorest people, even in the remotest parts of the country.
Read more in the Pictet Report.Download Files
The Knowledge for Life program dubbed ‘K4Life’ is a CSR initiative aimed at bridging the gap between the University ICT curriculum and industry needs at entry level. Through this program, well selected top IT students are educated, trained and mentored on the different service and product offerings available in the market to enable them to make informed decisions on their future career choices. In addition, the program contributes to the market a talent pool of skilled resources.
Since its inception in 2010, over 500 students have gone through the program from 3 top universities in Kenya. These include: Jomo Kenyatta University of Science and Technology, Kenyatta University and University of Nairobi.
SST has a robust, Management Trainee program which feeds from the K4Life initiative. In addition, major IT players from diverse sectors in Kenya have benefited by recruiting from this pool.
K4Life aims at being a collaboration hub between ICT players in the region and a talent-sourcing hub from where Global technology leaders can source for skill.
Mike Macharia has been nominated in the new “Young CEO of the Year” category - introduced this year to recognise the achievements of young and upcoming African CEOs.
The category recognises and honours a continental CEO who heads an upcoming African company that shows strong growth potential.
Other nominees in the category are Ashish J. Thakkar (Founder and CEO, Mara Group), Gossy Ukanwoke (Founder, BAU R&D), Jason Njoku (Co-Founder and CEO, IROKO), Manuel Osa Nsue Nsua (CEO, Banco Nacional De Guinea Ecuatorial), Saad Sefrioui (MD, Groupe Addoha), Sangu Delle (Founder and CEO, Golden Palm Investments) and Sébastien Kadio-Morokro (MD, Petro Ivoire).
SST Group, which started 15 years ago, under Macharia’s tutelage, has recently diversified into offering services in Healthcare, Homeland Security and Social Services.
Founder and CEO, Macharia, said: "It is an honour to be nominated in the Young CEO of the Year award at this year's Africa CEO Forum Awards, 2016.
"It is an even bigger source of pride to be named as the only Kenyan in this category.
"I look forward to representing Kenya at the ceremony in March in Abidjan, Ivory Coast.
"I dedicate this award to the growing Seven Seas Technologies (SST) Group family, as we continue on our journey in transforming lives and changing communities."
Apart from Macharia, the only other nominee from Kenya is not an individual but a company – telecoms giant, Safaricom, which has been nominated in the ‘African Company of the Year’ category.
Other firms in the category are Ascendis Health, Dangote Group, Ison Group, Maroc Telecom, Naspers, Sanlam and Seplat.
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