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Fintech Firms Partner to Fund HIV Programs in Africa, Support UN SDG

Fintech Firms Partner to Fund HIV Programs in Africa, Support UN SDG

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Two fintech firms have joined up to reduce the debilitating presence of HIV in Africa, with blockchain healthcare company Kinect and mobile gaming and lottery tech firm Kamari, hoping to fund new HIV testing programs.

While both companies have been focused on African development, they have now officially signed a partnership to promote key health initiatives especially at those that detect HIV, under an overall goal in support of the UN’s Sustainable Development Goal (SDG) #3: Good Health and Well Being.

The companies believe that education is the key to encourage people to engage with and eliminate the health affliction, especially in some areas of sub-Saharan Africa where HIV infections continue to rise. As rampant misinformation and misconceptions still surround the virus, people still do not understand how the disease can be managed and that meaningful lives can still be led even after contracting the infection. But until understanding and awareness is achieved, stigma leads to mistrust for testing, which further increases the risk of onward infections.

Kinect Chairman Toby Carroll said:

“HIV infection is a serious issue in many African countries and the ongoing spread of the disease by untested individuals, has been incredibly difficult to address. We believe that this partnership with Kamari and the proposed lottery to incentivize those untested individuals to take their first test, will lead to increased education, treatment and hopefully reduce the spread of the disease.”

The new partnership will focus on the 18-35 years age group, identified as most at risk. A proposed lottery is being established to encourage untested males to undergo an HIV test at participating clinics. Kinect and Kamari have entered into a USD 2.5 million coin swap to fund the initiative.


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