• IFC plans a $22.6 million guarantee to support private health projects in Abidjan
• Two specialized centers—oncology and ophthalmology—are set to be developed
• The move aligns with a broader rise in Côte d’Ivoire’s health sector investment

The International Finance Corporation (IFC) is preparing a partial credit guarantee of CFA12.9 billion ($22.6 million) for a commercial bank to support projects led by the Farah Group in Côte d’Ivoire.

Still pending approval, the guarantee would unlock an equivalent amount from the lending bank, bringing total financing to CFA25.8 billion. The funds will be used to develop two healthcare facilities in Abidjan.

The first project involves building a 60-bed oncology center in the Adjamé district. The facility will offer radiology, chemotherapy, and radiotherapy services. Construction is expected to begin in the first quarter of 2026.

The second project is an ophthalmology center in Cocody-Danga, designed to consolidate the group’s existing activities in that specialty. During an IFC assessment mission in October 2025, the project was reported to be 65% complete.

To structure the financing, the Farah Group has set up two special purpose vehicles, ICRA and HIOA, which will act as co-borrowers. However, final approval of the guarantee remains tied to the implementation of an environmental and social action plan. This includes strengthening quality management systems, workplace health and safety measures, and establishing a formal grievance mechanism.

The new specialized medical centers are expected to expand access to care and boost Côte d’Ivoire’s appeal to healthcare investors and professionals. In 2026, the country plans to allocate CFA808.9 billion to the health sector, up by CFA188.9 billion from 2025. According to the Ministry of Health, the increase reflects a broader effort to modernize the system and deliver more effective, accessible, and responsive care.

Founded in 2005, the Farah Group now operates five facilities, including a polyclinic, three medical centers, and a medical transport company, SOS Abidjan.

SG