AfricInvest’s Transform Health Fund invests $8.5m in Morocco’s Promamec
Funds will support working capital needs for the medical supplier.
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AfricInvest, through its blended-finance impact vehicle, the Transform Health Fund (THF), has invested $8.5 million in Promamec, a Moroccan supplier of medical equipment and consumables. The investment will support Promamec’s working capital needs and strengthen its capacity to deliver equipment and consumables to healthcare providers in Morocco.
The company supplies a broad range of specialised medical equipment, including dialysis, imaging, and surgical solutions, as well as consumables used daily in patient care.
THF’s investment is structured as a senior secured loan facility and complements the continued support of Promamec’s local banking partners and existing shareholders: the founding Lahlou family and Vantage Capital.
“We are proud to support Promamec at a pivotal moment for Morocco’s healthcare system. While access to medical equipment is critical, its effective use depends on proper training, maintenance, and reliable availability of consumables,” said Noorin Mawani and Faisal Jiwa, co-leads of the THF, in a joint statement. “Promamec distinguishes itself by offering a comprehensive range of high-quality equipment and consumables across therapeutic areas and price points, backed by strong local stock availability, technical expertise, and transparent market practices. This holistic approach, combined with local assembly capabilities and rapid delivery, makes Promamec a trusted partner for healthcare providers across urban, peri-urban, and rural areas. We believe this investment will deliver meaningful impact by strengthening the resilience of Morocco’s health system, and we are excited to support the company in its next phase of growth.”
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Excellent coverage of this deal. The holistic approach you highlighted about training and maintnenace alongside equipment supply is what seperates good impact investing from check-writing. I've seen similar healthcare supply challenges in other emerging markets where the equipment arrives but sits unused due to lack of technical support. Promamec's local assembly and stock availability model seems like a sustainble way to address last-mile delivery gaps in healthcare access.