DFC makes $5m investment in Africa Healthcare Network
The U.S. International Development Finance Corporation (DFC) announced the first disbursement of a $5 million direct loan to Africa Healthcare Network (AHN), the largest operator of dialysis centres in East Africa. The project is part of DFC’s Covid-19 response through which the agency is mitigating the economic and health impacts of the Covid-19 pandemic, and DFC’s Global Health and Prosperity Initiative, under which the agency is working to strengthen global health systems.
“DFC continues to support global health and sustainable economic growth in developing countries during the Covid-19 pandemic and beyond,” said DFC’s vice president of the office of external affairs and head of global gender equity initiatives, Algene Sajery. “This investment in AHN will expand access to affordable, high quality healthcare across sub-Saharan Africa through its operation of lifesaving dialysis centers.”
AHN is the largest and most expansive dialysis services provider in East Africa with 18 dialysis centres in Kenya, Tanzania, and Rwanda offering high-quality, affordable care. DFC funding will allow AHN to support growth throughout sub-Saharan Africa as it continues to build and operate additional dialysis centres through partnerships with leading hospitals in the region.
DFC is accepting proposals under its Global Health and Prosperity Initiative. The agency seeks to invest between $5 million and $500 million per eligible project through its full range of financial tools, which includes equity and debt financing, political risk insurance, and technical development. Eligible projects should deliver highly impactful health outcomes in developing countries.
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