Finance

Swedfund invests in two health startups in Madagascar and Nigeria

Thursday, 28 May 2020 15:40
Swedfund invests in two health startups in Madagascar and Nigeria

(Ecofin Agency) - 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



 
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