Swedfund invests in two health startups in Madagascar and Nigeria
Thursday, 28 May 2020 15:40
Swedish financial institution Swedfund announced an investment of SEK2.2 million in three healthcare facilities in Africa and Southern Asia. The loan conditions have not been disclosed.
In Africa, the company is investing in Nigeria-based Express Pharma, which distributes safe medicines across the country’s strategic points. The Malagasy Opham, which provides pharmaceutical products to hospitals and pharmacies in Madagascar, will also benefit from the support. In Asia, the Swedish company targets Indian health care provider Medica Synergie.
Swedfund's investment will primarily be used to acquire drugs and other protective equipment. The health sector is attracting more and more investments due to the covid-19 pandemic, which requires healthcare facilities to strengthen their equipment and put in place effective response measures.
Chamberline Moko
Live News
-
Jet Fuel Spike Highlights Structural Weaknesses in Nigeria’s Air Transport Sector
21:27
-
Zambia Expands Solar Capacity With 50 MW Plant in Luapula Province
21:22
-
Senegal Regains Control of Key Gas Block After Kosmos Exit
21:18
-
PHC Plans Palm Oil Refinery to Capture More Value in Congo Market
21:02
-
Cameroon Opens Public Review of Environmental Impact for Edéa Quarry Project
20:13
-
CEMAC Looks to Its Own Markets to Fund Infrastructure and Reduce Reliance on Foreign Capital
19:23
-
RAINE project enters operational phase with “Mawuse” tunneling machine
19:19
-
National AI Program Positions Algeria for Digital Growth
16:43
-
Cameroon Lines Up CFA18.4 bln Investment Pipeline at Latin America Forum
16:38
-
Togo inaugurates second farm mechanization center, plans wider rollout
16:30
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Government orders talks to set “fair” Jet A1 prices Fuel costs jump nearly 267% in two months, straining airlines Sector warns of flight disruptions...
New 50 MW solar plant aims to improve power supply in rural Luapula Project reflects shift away from hydro dependence after 2024 drought Government...
Petrosen takes full control of Yakaar-Teranga gas project Government hails deal as a strategic recovery with no financial cost Timeline targets first...
PHC targets in-house refining to move up the value chain Project depends on output growth that has slowed in recent years Expansion comes as Congo...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...