Africa is creating one of the world’s largest single markets

Africa is creating one of the world’s largest single markets

Is Africa the next European Union ?

 

The Africa Continental Free Trade Area (AfCFTA) is set to launch on 30th May. If every African country joins, it’s expected to be one of the world’s largest single markets, accounting for $4 trillion in spending and investment across the 54 countries. What does this mean for entrepreneurs?

 

You can read the full article here.

 

Source of the article: WORLD ECONOMIC FORUM

Photo credit: © REUTERS/Nyancho NwaNri 

 

The Swiss Governement wants to redirect development aid

The Swiss Governement wants to redirect development aid

Consistent with its mission and values, GLOSYA welcomes the initiative of Federal Councilor Ignazio Cassis to redirect Swiss development aid. In the future, the aid of CHF 11.4 billion is mainly intended to promote sustainable economic growth and job creation.

According to NZZ am Sontag, Switzerland intends in the future to strengthen its cooperation with the private sector, new technologies and the fight against climate change. This is in all respects with GLOSYA’s vision, which also highlights the fact that sub-Saharan Africa remains a priority region. Read the article (in German) here.  
Source : RTS & NZZ am Sontag Photo: © RTS
Africa, the future great world power in renewable energies

Africa, the future great world power in renewable energies

DESPITE THE ANNOUNCEMENT EFFECTS THAT PROMISE TOMORROW THE ELECTRIFICATION OF AFRICA, THE CONTINENT REMAINS LARGELY PLUNGED INTO DARKNESS.

Africa’s ability to develop renewable energies and pave the way for greater use is increasingly evident. Of the most vulnerable to climate change, the African continent would take enormous risks by depriving itself of this opportunity. In order to meet the challenge of development and climate change, Africa can count on a strong renewable energy potential. Read the article here
Source : VivAfrik Photo: © VivAfrik

Meet our experts : Dr Nicolas Crettenand

Nicolas Crettenand

Nicolas Crettenand

Managing Director of Glosya Infrastructures & Executive Board Member of Glosya Group

At a time when Glosya was gaining its first success in raising funds of 13 million for the GlobalDiagnostiX project, Nicolas Crettenand joined the Glosya Group management at the age of 38 as director and co-founder of Glosya Infrastructures.

Married and a father of three, perfectly trilingual (French, German, English), he attended school in Bern, then joined the EPFL where he obtained a Master’s degree in Civil Engineering with a minor in Technology Management and Entrepreneurship. With an interdisciplinary academic background (economic, legal and political), he obtained a doctorate at EPFL in 2012 with a thesis on improving the framework conditions necessary for the promotion of renewable energies, with particular emphasis on decentralised energy storage.

A true ambassador of Swiss values, inspired by William Wilberforce’s endurance in his determination to move things forward, particularly through consensus, it was from an early age that Nicolas recognised himself in the dignity and commitment of the men he met during his first trips to the “Land of Integrity” (Burkina Faso).

His passion for Africa quickly translated into concrete personal commitments to local populations, such as drilling a well, raising funds or creating community support to finance a complete, private school structure, which is still open today, with more than 2,500 students in Burkina Faso. His passion also determined his orientation towards infrastructure development, environmental awareness and renewable energy management.

A pioneer at heart, a diplomat responsible for his intercultural approach, his career in the Swiss engineering sector, particularly with BG Consulting Engineers as Director for Africa, now gives him full legitimacy to manage Glosya Infrastructures.

Since 2006, he has been involved in renewable energy, water and sanitation projects. In his previous roles, he contributed to the establishment of the EPF (Energy Project Facilitator) by collaborating with the R20 (Regions of Climate Action) organisation and was in charge of developing the “Energy” strategy for the BG group.

Nicolas has worked in 14 African countries, and lived in two of them as a resident. Drawing on his extensive field experience in sub-Saharan Africa, both in rural and urban areas, he identifies needs and envisages solutions for holistic and systemic development that is thoughtful and beneficial to all stakeholders (Africans and Swiss stakeholders). His network in Africa is made up of integrated and competent people, offering confidence and trust in identifying potential partners for the projects implemented.

In search of productive and ethical economic rapprochement, he leads ambitious projects for Glosya, from conception to exploitation, with the objective of providing African countries with infrastructure (in particular for the production of energy from renewable sources), technical expertise and know-how that guarantee them autonomous and sustainable socio-economic growth.

A partner of choice in business, a visionary and ambitious entrepreneur who values teamwork, he associates success with the results achieved and the contributions of each individual to the achievement of objectives.

Editing: Caroline Haldemann

Healthcare Tech in Mauritius: A booming market for Swiss companies

Healthcare Tech in Mauritius: A booming market for Swiss companies

Mauritius has become one of the fastest advancing destinations in the fields of Medical Technology and Treatment in Africa.

While the official mandate for all African countries remains to start or increase manufacturing their own medical equipment, the reality today still sees rapidly growing imports from outside Africa in order to meet existing and up-coming demands and therefore presents a variety of business opportunities for Swiss companies.

Core Market Segments

The healthcare sector in Mauritius has metamorphosed itself into an integrated cluster underpinned by a core group of high-value activities such as Medical Devices, Medical Tourism, Tele Medicine, Alternative Medicine and Wellness.

A variety of global healthcare companies – among them Swiss companies like Novartis and Labatech-Pharma – have already either invested in multi-specialty and super-specialty centres of excellence to cater for the growing healthcare needs or export their products to Mauritius.

Read the full article here.

 

Source of the article: Switzerland Global Enterprise
Photo credit: ©Pixabay

Glosya raises 13 million for an EPFL start-up

Medical equipment manufacturer Pristem SA has raised CHF 14 million to industrialize and deploy its innovative medical imaging solution on a large scale to address a global health problem. This fundraising operation was made possible thanks to Glosya, which provided the Lausanne start-up with 13 of the 14 million euros (more than 90% of the financing sought).

Investors come from Switzerland and Africa. Bernard Stoessel, CEO of Glosya, says “It was important for us to diversify the investor profile for this project because Pristem is a Swiss company that will deploy a large part of its activities in Africa. Hence the interest of having Swiss and African partners. On the other hand, and in order to make the project sustainable, we also needed an investor who could understand the issues and bring a wealth of experience in the medical services sector. We are very pleased to have taken up this challenge as part of this fundraising event.”

The fundraising, supported by Glosya, for a total amount of CHF 14 million, was carried out with two Swiss investors, including a lead investor with extensive experience in the medical services sector, and two African investors, one of them leading a major medical imaging group and bringing the perspective of clients and their needs.

With the specific aim of opening up access to African markets to Swiss companies and institutions, Glosya provides Pristem with its skills and resources to prepare for commercial deployment, starting with Africa, with views already available on Asian markets. This requires setting up distribution networks and organizing the promotion of the device, both among private actors such as clinics and radiologists’ offices, and among public authorities for their hospitals and other health centres.

The new radiology solution to be launched by Pristem within two years is a high-tech concentrate developed in Switzerland and protected by several patents, the main challenge of which is to democratize, technically and financially, access to radiology.

 

Source of the article: Monde Economique 
Photo credit: © EPFL / Alain Herzog - Jamani Caillet

Why Africa is Fertile Ground for Tech Entrepreneurs

Why Africa is Fertile Ground for Tech Entrepreneurs

Timbo Drayson seemed destined for Silicon Valley by way of the United Kingdom. He studied engineering at the University of Oxford before starting at Google, and then spent the next six years working in marketing and product management in London and San Francisco.

He built the YouTube app for mobile phones, marketed the first Android phone and has seven U.S. patents to his name. When he was offered a “dream job” at YouTube several years ago, he packed his bags and set his sights on San Francisco. But before he did, he took three months off to travel and reconnect with what matters in life — and that’s exactly what happened.

“I did a tech tour of Sub-Saharan Africa and was inspired by all the startups I met that were impacting the world through their profitable businesses,” Drayson says in the 2017 book Digital Kenya: An Entrepreneurial Revolution in the Making. “Realizing it was now or never, I left Google in mid-2013 to move to Kenya to have a better chance at solving a bigger problem.”

Read the full article here.

Source : Ecorner
Photo credit: Ecorner

Strategic partnership with potential to save tens of thousands of lives in developing countries

Strategic partnership announced for the deployment of new medical imaging technology with potential to save tens of thousands of lives in developing countries

The Swiss companies Pristem SA, a spin-off of the EPFL (The Swiss Federal Institute of Technology, Lausanne) and Glosya Sarl, have agreed to join forces for the commercial deployment of a new radiology technology specially designed for emerging markets.

According to the WHO nearly 5 billion people – representing two-thirds of the world’s population – still lack access to such fundamental medical technology. The market is estimated to be worth several billion francs. To meet and sustain such high potential will, however, require not only the conception of an appropriate system but also the parallel development of viable distribution channels and after-sales service networks – both of which tend to be sorely lacking in many parts of the developing world. The partnership between Pristem and Glosya aims precisely to provide a comprehensive response to these challenges – one that addresses the range of technical, commercial and operational aspects in a fully integrated manner.

Just over four years ago, a team of enthusiastic doctors and engineers came together to develop from scratch innovative and accessible medical imaging technology specifically adapted to meet the needs and constraints of the developing world. The team evolved into an extensive project group uniting the expertise of some 20 EPFL specialist laboratories, the Western Swiss University of Applied Sciences and Arts (HES-SO), the Lausanne University Hospital (CHUV), the Paul Scherrer Institute, the EssentialMed Foundation, the Swiss Tropical and Public Health Institute (TPH), the National Advanced School of Engineering (ENSP), Yaoundé, Cameroon, and the University Teaching Hospital of Yaoundé, Cameroon.

The resulting X-ray radiology system represents a significant breakthrough in the provision of modern health systems for developing countries by opening wider access to state-of-the-art digital imaging technology that is both eminently affordable and robust.

Indeed, Pristem is currently transforming the prototype successfully tested at EPFL into a production model that may be readily and efficiently operated in the often extreme conditions facing hospitals and other target beneficiaries in the developing world. Besides extremes of climate, these notably include dusty environments, limited or unstable electricity supplies and maintenance restraints. The initiators were convinced from the outset that in order for the project to be sustainable and globally replicable, an economically viable outreach strategy, in line with sound business and commercial logic, was a vital prerequisite.

To this end, Pristem was specifically conceived as a vehicle for the deployment of essential technologies, such as those developed by EPFL and its partners, aimed at alleviating global poverty. Its founders, drawn from prominent academic, industrial and financial circles, are all experienced entrepreneurs who are committed to furthering the principles of sustainable development while creating new perspectives and opportunities for Swiss business..

Dr Klaus Schönenberger, Chairman of the Board and Director of the EPFL’s EssentialTech Programme, and Mr. Bertrand Klaiber, CEO and co-founder of Pristem, pictured with the prototype for the first digital radiology apparatus specifically conceived for deployment in emerging markets.

As Pristem engineers continue to advance their work on the industrialisation, technical clearance and production phases, Glosya will be working in parallel to identify the optimum financial and commercial partners needed to ensure successful deployment of the new technology.

Established with the specific mandate of opening access to African markets for Swiss companies and institutions, Glosya will place its expertise and resources at the disposal of Pristem in order to prepare and implement commercial deployment.  Whilst the first focus will be on Africa, they will further begin exploring the potential of Asian markets. In both regions, this will involve the creation of distribution networks and promotional strategies directed at private radiology practitioners and clinics as well as hospitals and other public health facilities.

In this way, Glosya complements the strong industrial proficiency of Pristern by providing targeted intelligence and expertise on the commercial, logistical, legal, contractual and regulatory aspects specific to each given market. Its in-depth knowledge of the African continent coupled with – one of its key strengths – an extensive network of reliable and efficient partners enable it to take into account particular local factors that may be unfamiliar to new investors.

Picture on the top: Dr. Jean Roger Moulion Tapouh, radiologist and project leader in Cameroon, and Romain Sahli, EPFL Engineer and project leader in Switzerland, pictured with the prototype for the first digital radiology apparatus specifically conceived for deployment in emerging markets.

For more information, contact:

Bertrand KLAIBER

Bertrand KLAIBER

CEO Pristem SA

T +41(0)21 552 60 26
bkl@pristem.com

Bernard STOESSEL

Bernard STOESSEL

CEO Glosya Sàrl

T +41(0)22 715 25 37
bernard.stoessel@glosya.com

logo glosya

PRISTEM SA
Pristem is a pioneering company active in the field of medical technologies (Medtech). Its primary vocation is the industrialisation and commercialisation of appropriate systems in emerging markets. In the furtherance of this aim, the company combines strong capacity for innovation in the domain of digital medical technologies with complementary expertise in the manufacture of robust and durable equipment, which builds upon Switzerland’s long tradition for quality and industrial know-how. To enhance these two strategic axes, Pristem benefits from active partnerships with prominent research institutes and leading industrial companies.

GLOSYA SARL
Glosya brings together a multidisciplinary team of prominent Swiss and African entrepreneurs with expertise in the domains of health, finance, international business law, media and information technology. Its vocation is to create new opportunities in African markets for Swiss companies and institutions. It works closely with clients to help establish a viable local presence as well as accompany them, as required, throughout the process of on-going commercialisation.

AFRICA, AN ELDORADO FOR SWITZERLAND ?

Does Africa represent a potential Eldorado for Switzerland? Leaving aside the simplistic and somewhat inelegant formulation of the question, the answer must be a resounding yes. Indeed, there a so many potential synergies and areas of complementarity between the vast continent and tiny European state that it can only make eminent sense to bring them together with a view to multiplying the mutual benefits.

In many ways, Africa has been a victim of its own wealth. Perversely, its natural mineral and other riches became the source of its problems. In other words, it can now strongly be argued that what is in abundance in one of the two regions is precisely what is deficient in the other. We can …

Read more (in original French)