(Ecofin Agency) - Emerging market-focused private equity firm Abraaj Group is in talks to acquire Kenyan private clinic Metropolitan Hospital, AFKInsider reported on October 18.

“Nairobi is a sweet spot for us. There is a big population that is growing. You have emerging middle incomes. And there is a massive need for healthcare,” Khawar Mann, the Managing Director and Head of Healthcare at Abraaj Group, said

In May 2016, Abraaj Group announced at the World Economic Forum for Africa held in Kigali, that it would mobilize a billion dollar to build and acquire hospitals in four African metropolises, namely Lagos, Nairobi, Addis Ababa and Johannesburg.

Health services of quality are lacking in sub-Saharan Africa and as a result the most affluent residents of the region have to travel to Europe or North African countries like Morocco and Tunisia to get treatments.