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Victoria from Techpoint here,
Here's what I've got for you today:
- Nigeria’s diagnostic healthtech MDaaS enters Cameroon
- Inside two Nigeria's youngest founders
- DStv Stream users can now rewind live TV channels
Nigeria’s diagnostic healthtech MDaaS enters Cameroon
MDaaS, a Nigerian diagnostic healthtech startup, has just made its way into Cameroon, taking its healthcare solutions into Francophone Africa.
This move is part of MDaaS’s push to expand beyond Nigeria and tap into a new market with a growing demand for medical services. With Cameroon’s bilingual advantage and a more stable currency, the startup hopes to diversify and boost revenue.
MDaaS was founded in 2017 by Oluwasoga Oni and Opeyemi Ologun, and it has already made a significant impact in Nigeria, serving over 16,000 patients through its 16 diagnostic clinics and collaborating with partners and affiliates across 26 states. With many Nigerian patients opting to book tests upfront, it’s clear the startup has built strong trust.
After touring several diagnostic centres in Cameroon, MDaaS identified a gap in fast, efficient diagnostic services. Many centres there still have wait times for lab tests, a challenge MDaaS has already addressed in Nigeria, where patients can get multiple tests and same-day results in a single visit. MDaaS aims to bring this streamlined service to Cameroonian patients as well.
In addition to diagnostics, MDaaS runs Sinetel, a B2B platform focused on preventive healthcare. Earlier this year, MDaaS raised $3 million in pre-series A funding to expand its reach within Nigeria — now, it’s taking those next steps into Cameroon.
Inside two of Nigeria's youngest founders
At just 21, Nathan Nwachukwu and Maxwell Maduka are already startup veterans with funding, acquisitions, and now an exciting new venture under their belts. Their latest project, Terahaptix, is their boldest yet, entering an area where few African founders have dared to tread.
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What’s impressive about these two young founders is not just their age but their resilience and track record. Nathan got his start at just 15, facing down the challenge of losing an eye while diving headfirst into entrepreneurship. Undeterred, he built Klas, an Edtech platform now powering around 700,000 schools and backed by $1.3 million in venture capital.
Maxwell’s story is just as inspiring. Before Terahaptix, he was a lead drone engineer for the Nigerian Navy and founded Special Nova, a micro-drone company that went on to be acquired by Nord Motors. Together, they’re bringing a new approach to hardware and drone tech in Africa that just might crack the code for success in this tough market.
Want to know more about Terahaptix? Check out Bolu’s latest here.
DStv Stream users can now rewind live TV channels
MultiChoice is rolling out some cool updates to its DStv Stream platform, with new features aimed at giving subscribers more flexibility.
Starting November 12, DStv Stream users will be able to rewind live TV channels by up to 24 hours — on selected channels like SuperSport, M-Net, Mzansi Magic, and KykNet — and save live shows to watch later, thanks to a new “Cloud PVR” feature.
Recordings will stick around for 30 days, and the updates will first hit web users, followed by iOS, Android, and other platforms.
MultiChoice South Africa’s Marc Jury shared, “With Watch from Start and Cloud PVR, we’re giving viewers more control over their viewing experience,” highlighting the push for a more flexible, on-demand feel for live TV.
But while they’re boosting their streaming features, MultiChoice’s latest financial results reportedly reveal some tough times. For the six months ending September 30, 2024, the company faced challenges like foreign exchange fluctuations, inflation, and changing subscriber habits, all of which took a toll.
To manage these pressures, MultiChoice has announced plans to reduce costs by $113 million, with a focus on inflation-based price adjustments.
Though they’re seeing some stability in organic trading gain, a few key financial figures aren’t looking great: losses per share are expected to increase by 34%–38%, while headline loss per share may jump by 44%–48%. Adjusted core headline earnings per share could even drop by up to 101% compared to last year.
In a statement, the board reassured shareholders that they’re keeping an eye on trading gains and adjusted core headline earnings per share as the best indicators of their progress. They’re making adjustments to factor out one-time hits like currency fluctuations and market changes, plus losses on cash transfers in places like Nigeria.
In case you missed them
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What I'm watching
- The Secret Cabal That OWNS Nigeria
- Why is Gen Z so Poor?
Opportunities
- Paystack is hiring for multiple senior positions. Apply here.
- Moniepoint is hiring for various roles in the UK and Lagos. Apply here.
- Interswitch is looking for a Senior Backend Engineer. Apply here.
- Flutterwave is hiring for several roles in African countries, including Nigeria and Zambia, and the UK. Apply here.
- Looking for an internship or remote role? Here's a list of 1,500+ opportunities in different fields (tech, finance, marketing, health and more). Check it out here.
- Follow Techpoint Africa's WhatsApp channel to stay on top of the latest trends and news in the African tech space here.
Have a lovely Tuesday!
Victoria Fakiya for Techpoint Africa.
