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French lender pumps Sh150m into Safaricom-backed M-Tiba

Health financing technology firm CarePay will repay the Sh150 million loan without interest if the venture becomes profitable. FILE PHOTO | NMG

By  IVY NYAYIEKA

The French Development Agency (AFD) has invested Sh150 million in Safaricom-backed healthcare app M-Tiba that will go towards growing the number of individuals and healthcare providers on the platform.

The cash injection will be used to on-board a targeted 500 new healthcare providers to the app as well as developing technology compatible with rural and offline areas.

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