LETTER FROM THE CEO

Cassona was founded in 2013 to provide international trade and export finance consultancy. In 2020, we modified the mission of our company because of the pandemic and events in my personal life that highlighted the need for access to quality healthcare in the African continent, especially in Sub-Sahara Africa.

I have found that while there are very competent and well-trained caregivers in Africa, they lack medical equipment and tools required to provide medical services. Accordingly, Cassona set out to tackle the most pressing issues in that regard; 1) affordability of medical equipment, 2) access to credit facilities to acquire the equipment, and 3) removal of impediments to continued operability of medical equipment, such as power supply and local skilled technicians that could repair and maintain the equipment manufactured by GE, Siemens, Phillips and similar manufacturers, in real time.

We solved the problem of affordability by “partnering” with medical equipment refurbishing companies here in the US, such as Radiology Oncology Systems and MXR Imaging Inc. Together, we purchase preowned medical equipment from US hospitals, refurbish them to the highest standard and have them recertified as almost new. Refurbished and recertified medical equipment costs much less than new equipment. In some cases, the cost represents less than 30% of the original cost.

The second issue we have addressed regarding medical equipment is access to credit facilities for African buyers. We have “partnered” with the US Export Import Bank (EXIM Bank) and the US Small Business Administration (SBA) to provide credit facilities to qualified buyers. Our role in this respect is to help African buyers qualify for short-term, medium and long-term financing for their purchases, depending on their creditworthiness. There are requirements that must be satisfied in order to get financing, but we work closely with our buyers to make them credit worthy.

Third, we have now partnered with local technicians that can provide local repairs at much less expense than used to be the case when European or American technicians were flown in whenever the machines broke down. The long-distance maintenance contracts have been a big money drain for Sub-Saharan Africa because of the expense, which dramatically increases the cost of providing healthcare in Africa.

Cassona Ghana (a branch of Cassona USA Inc) now has an in-house engineering department and intends to grow this department to ensure availability of local maintenance service for our equipment. In addition, we couple each sale of a medical equipment with a sale of a UPS (uninterrupted power supply) and power generator that can automatically take over when local electricity supply fails, thus prolonging the life of each equipment.

We began our journey in the African continent by setting up our African headquarter in Accra, Ghana. This is primarily because of the business-friendly environment that prevail in Ghana generally and because Ghana is the birthplace of my late mother. I have found that there are very competent and qualified medical professionals in Ghana some of whom have joined our Board and Advisory Board to guide us in our dealings in Ghana.

Our goal is to be the supplier of choice for local hospitals and healthcare facilities who cannot afford brand-new life-saving diagnostic imaging equipment. The shortage is acute. Cassona can fill these needs with US refurbished medical diagnostic imaging equipment and first-class maintenance services. In order to deliver our vision of reducing the tragic loss of life due to lack of tools, we invite every Ghanaian healthcare practitioners to join us in our mission to change the nature and quality of healthcare service delivery in Africa through use of certified refurbished diagnostic imaging equipment.

Leadership Team

John Chigbu

CEO/ CHAIRMAN OF THE BOARD

Mr. John Chigbu has over 25 years of experience in international trade, project finance, and corporate management. During his career, Mr. Chigbu served as Tax Counsel, Senior Tax Counsel, and General Counsel for several Fortune 500 companies, including Chevron (U.S.) and Business Objects(France).

Dr. Darius Osei

BOARD MEMBER

Dr. Darius Osei is a seasoned hospital leadership and management expert with over twenty-nine (29) years of experience in hospital management in both the public and private sectors. He has held a number of hospital management positions, including serving as a Medical Director of a Secondary level healthcare provider in Cape Coast, Ghana, now a tertiary-level healthcare provider (The Cape Coast Teaching Hospital).

Audrey Abakah

BOARD MEMBER

Audrey Abakah has rich experience in the financial services industry with over 17 years working relationship with Barclays Bank now Aba and currently the Head of SME, Agency banking and Partnership.

Dr. Dzifa Demanya

BOARD MEMBER

Dr. Dzifa Demanya has over thirty years of experience in medical practice. Dr. Demanya spent most of his career in the public sector, where he headed various hospitals throughout various regions in Ghana. Dr. Demanya has undertaken management courses and has attended seminars in different countries. He currently manages a new and vibrant health facility in Accra, Ghana.
Our commitment - Cassona

Our Commitment

We will provide you with a preliminary determination of funding for your purchase 10 business days after you engage our services.

We do all the work of:

> Vetting the foreign buyer for legitimacy
> Finding a U.S. seller of the product
> Negotiating terms
> Procuring the product
> Applying for funding
> Arranging shipment and other export documentation

Who can be represented?

> Private Enterprises
> Foreign Governments or Agencies
> Public Corporations
> NGOs
> Foreign Nationals

Generally, those who are interested in buying goods and services from the U.S. and are either unable to obtain commercial bank funding or consider commercial banking interest rates too exorbitant to ensure a profitable trade.

Foreign Principal (Buyer) Representation

|> CASSONA is a multinational company based in the US;

|> CASSONA provides advisory services, consultancy, and procurement and assists qualified foreign buyers to obtain export financing from export credit agencies (ECA) in the United States.

|> Our goal is to facilitate trade between foreign buyers and the U.S. In order to do so, the foreign Principal must be prepared to buy US goods and/or service.