AfricInvest backs African healthcare company
AfricInvest backs African healthcare company
Africa Healthcare Network, a provider of dialysis services in Africa, has secured $20 million in equity and debt funding from AfricInvest, Africa50 and Tokyo-based Ohara Pharmaceutical.
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Africa Healthcare Network (AHN), a provider of dialysis services in Africa, has secured $20 million in equity and debt funding from AfricInvest, Africa50 and Tokyo-based Ohara Pharmaceutical.
The funding will enable AHN to accelerate its growth and address significant gaps in the availability of high quality, affordable renal care across Africa.
Africa50 led the equity funding, while AfricInvest provided debt financing through its Transform Health Fund (THF).
AHN has 45 clinics today and plans to continue growing rapidly, entering underserved regions to expand access to treatment.
Raza Hasnani, managing director and head of infrastructure investments at Africa50 remarked: “We are excited to be partnering with AHN to further their mission of improving access to quality kidney care across Africa. The AHN team has already achieved significant milestones, and we look forward to being part of the journey to impact more lives. This partnership is aligned with Africa50’s strategic focus on healthcare, a sector which can deliver both positive impact and attractive investment returns.”
Faisal Jiwa, co-lead of AfricInvest’s Transform Health Fund added, “We are proud to be partnering with the entire team at AHN in its mission to improve access to quality, affordable healthcare services in Africa, which is fully aligned with THF’s impact-first strategic focus along the healthcare value chain. We believe AHN is uniquely positioned to build the healthcare ecosystem across the continent, led by a strong culture of impact and operational excellence”.
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