The financial terms of the transaction, announced Monday, have not been disclosed.
DabaDoc, which was set up in 2014, is an online platform offering access to healthcare services in Africa. DabaDoc has developed solutions that are used by thousands of healthcare professionals in Morocco, Tunisia and Algeria.
The joint investment and alliance sealed between Orange and AXA’s investment will help speed up DabaDoc’s growth and extend its services to other regions, in particular Sub-Saharan Africa.
The deal will enable DabaDoc to benefit from the broad experience of AXA, one of the global leaders in health insurance, and Orange’s technological expertise and payment solutions in African healthcare ecosystem.
Zineb Drissi-Kaitouni, co-founder & CEO of DabaDoc, said: “DabaDoc, a leading health-tech platform in Africa, is supporting the digital transformation of healthcare professions. Orange’s investment in DabaDoc and AXA’s renewed investment will strengthen DabaDoc’s growth ambitions through Orange and AXA’s presence in Africa and the Middle East”.
Alioune Ndiaye, CEO of Orange Middle East and Africa, said: “We are delighted to commit to this ambitious partnership with AXA and DabaDoc to serve the healthcare needs of everyone in Africa and the Middle East through digital technology”.
Meryem Chami, CEO of AXA Assurance Maroc said: “AXA is a global leader in health insurance and related services. This is one of the Group’s strategic priorities as part of the Driving Progress 2023 plan. This ambition is even stronger as we are facing an unprecedented health crisis”.