The International Finance Corporation (IFC) announced a $2.5 million investment in New Crystal Health Services Limited, a private health services provider operating in Ghana. The funds will be used to support the development of the company.
New Crystal Health plans to upgrade its network of clinics, expand its range of diagnostic services and build new facilities in Ashaiman and Tema in Ghana. It hopes to increase the annual average number of patients from 227,000 to 350,000.
“This investment by IFC will help us accelerate the implementation of our vision to increase access to affordable high-quality healthcare in Ghana. In addition to financing, IFC will also provide us with advisory services in certain operational areas as we continue to grow our business,” commented Dr. Wisdom Amegbletor, Managing Director of New Crystal Health.
This operation represents IFC's first commitment to the health care sector in Ghana. By the end of December 2019, the financial institution had committed more than $165 million to healthcare companies operating in sub-Saharan Africa.
Chamberline Moko
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Morocco began expanding Casablanca Airport to raise capacity to 35M passengers by 2029• The $1.7B project supports the “Airports 2030” plan to...
• DRC extended its cobalt export ban to September 2025 due to high stock levels.• Major producers like CMOC face delivery issues; supply risks remain but...
• Eskom restored Medupi Unit 4 early, adding 800 MW and helping end load-shedding• Coal still dominates South Africa’s power, slowing the energy...
• Ethiopia completed the $4B Grand Renaissance Dam to boost power capacity and energy independence• Egypt and Sudan fear water supply risks, with no...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...