Finance

DFC backs Africa Healthcare in expanding dialysis centers in SSA

DFC backs Africa Healthcare in expanding dialysis centers in SSA
Wednesday, 26 May 2021 17:59

Africa Healthcare Network (AHN), which operates one of the largest chains of renal care and dialysis centers in East Africa, will receive the first disbursement of a $5 million loan from the Development Finance Corporation (DFC). The beneficiary, which has about 18 centers in Kenya, Tanzania, and Rwanda, plans to develop and operate additional centers throughout sub-Saharan Africa.

"This investment in AHN will expand access to health care throughout sub-Saharan Africa, through the operation of vital dialysis centers," said Algene Sajery, vice president of the Office of External Affairs at DFC.

AHN unveiled in 2019 its plan to open more than 100 centers over the next five years on the continent. In March that year, the healthcare operator had raised a Series A financing to fund its activities in Tanzania, Kenya, but also West Africa. It notably benefited at that time from the support of venture capitalist Polaris Partners.

DFC estimates that there are more than one million patients in sub-Saharan Africa who need dialysis care. 

Chamberline Moko

On the same topic
(FEDA)-The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is...
Nigerian fintech Rank acquires AjoMoney and Zazzau Microfinance Bank to expand services Zazzau rebranded as Rank Microfinance Bank; AjoMoney tech...
Rwanda and Tanzania are linking their national payment systems—TIPS and RSWITCH—through a bilateral pilot. Sending money from Tanzania to Rwanda costs...
IFC provides CFA14.5 billion ($25.5 million) senior loan to BOA Congo Funding targets micro, small, and medium enterprises, including women-led...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
04

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
05

The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...

Global fertilizer prices expected to rise 21% in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.