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
Ghana enacts the VASP Bill 2025 to regulate digital assets under the Bank of Ghana, ending years of legal and regulatory ambiguity. The law mandates...
Sanlam Maroc takes a stake in Woliz, a local retail tech startup The deal marks Sanlam’s first long-term private equity venture in Morocco Investment...
Treasury securities issuance reached CFA5,272.8 billion from January to October Bond issues exceeded Treasury bills, signaling a shift to longer-term...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and investor risk premiums to rise sharply. The Naira...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
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.