(Ecofin Agency) - The International Finance Corporation (IFC), World Bank’s private lending arm, has finalized a $2.75 million loan agreement with Trivitron Healthcare Africa, a medical joint venture targeting Africa.

This new resource comes as a complement to the $7.25 million previously mobilized by the joint venture partners Trivitron Healthcare and IFHA (Investment Funds for Health in Africa).

 It will be used to enhance the manufacturing and distribution of medical technology products in 4 African countries namely Kenya, Nigeria, South Africa and Algeria.

 “Trivitron will provide high-quality medical devices and instruments with reliable after-sales service support across Africa, thereby improving access and affordability of medical equipment across the continent,” IFC indicates.

For the record, IFC has already invested $2.5 million in the health sector in emerging countries and also contributed to the development of this project thanks mainly to its participation in the $200 million fund which is currently used by IFHA in the framework of its deployment in Africa.    

Chamberline Moko