Weekly Investor Update (December-WeekFour-2024)

3 min Read December 27, 2024 at 5:00 PM UTC

Monday

Nigeria’s PBR Life Sciences Raises $1M to Expand Healthcare Analytics

PBR Life Sciences, a healthcare data analytics company, has raised $1 million in pre-seed funding to enhance its AI infrastructure and expand operations into Ghana and Kenya. Backed by investors including Launch Africa, Microtraction, and Techstars, the funds will support its mission to provide data-driven insights for Africa’s pharmaceutical sector.Founded in 2015 by Ayodeji Alaran, PBR pivoted to healthcare analytics in 2021. The company aggregates anonymized data on drug quantities, prices, and purchase frequencies from pharmacies, helping pharmaceutical giants like Sanofi optimize production, pricing, and demand forecasting.PBR’s AI-powered dashboards offer insights on market share and consumption trends, while its generative AI feature enables users to create custom analytics through specific queries. Clients include pharmaceutical firms, consulting companies, NGOs, and multilateral organizations.

PBR addresses inefficiencies in Africa’s pharmaceutical sector, where overproduction often results from limited market data. By aligning production with actual demand, the company helps reduce waste and improve supply chain efficiency. The funding validates the growing role of healthcare big data in driving innovation. As PBR scales its operations, its analytics capabilities have the potential to reshape pharmaceutical strategies and unlock growth opportunities in Africa’s life sciences sector. Participation in the ARM Labs Lagos Techstars Accelerator underscores PBR’s appeal as a high-growth startup at the intersection of AI and healthcare.

Ghana Cuts 2024-25 Cocoa Harvest Forecast on Weather Concerns

Ghana, the world’s second-largest cocoa producer, has reduced its cocoa harvest forecast for the 2024-2025 season by 5%, now anticipating approximately 617,500 tons. This adjustment follows an earlier reduction in August, which had already lowered expectations by 20% to 650,000 tons.The revision is attributed to hotter-than-expected weather and a lack of rain, with the seasonal hot and dry Harmattan winds further impacting cocoa prospects. These conditions have raised concerns about cocoa trees’ health and the current season’s potential yield.In response to these supply concerns, cocoa futures in New York have reached record highs, exceeding $12,000 per ton. The surge in prices is driven by fears of reduced output in top growers like Ivory Coast and Ghana, with dry weather posing significant threats to production.

The global cocoa market is experiencing a substantial supply deficit, with the International Cocoa Organization projecting a production shortfall of 478,000 tons for the 2023-2024 season. This deficit has led to end-of-season stock levels reaching a 46-year low, further exacerbating price volatility.These developments have significant implications for both producers and consumers. Farmers in Ghana are facing challenges due to adverse weather conditions, while consumers worldwide may experience higher prices for chocolate and related products as manufacturers adjust to increased raw material costs.

Sucrivoire Nine-Month Revenue Jumps 11% to $94.8M

Sucrivoire, a leading sugar producer in Côte d’Ivoire listed on the BRVM, posted $94.8 million (59.8 billion FCFA) in revenue for the nine months ending September 30, 2024, an 11% increase from the previous year.The company (SCRC) reduced its operating loss to $1.7 million (-1.1 billion FCFA) from $15.3 million (-9.7 billion FCFA) and narrowed its net loss to $8.2 million (-5.2 billion FCFA), a 63% improvement.Sales volumes grew 4.4% to 99,015 tons. While local production dropped slightly due to reduced cultivation areas aimed at combating crop issues, imported sugar sales surged 27%, offsetting the decline.

Sucrivoire’s stock began the year with a share price of 475 XOF and has since gained 57.9% on that price valuation, ranking it third on the BRVM by year-to-date performance. Its strategic measures, including tackling crop challenges and boosting imported sugar sales, have helped stabilize its operations. Replantation and infrastructure upgrades are expected to support long-term growth, while financial restructuring approved in 2024 positions the recovery company. With projected higher revenue and improved performance by year-end 2024, SUCRIVOIRE is adapting effectively to market and production challenges, aiming for sustainable growth.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.