Release date: 26 March 2015
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
The proposed operation consists of a commitment in the IFHA-II Coöperatief U.A. managed by Africa Health Systems Management Company B.V. The fund intends to provide growth equity funding to Sub-Saharan African private companies active in various segments of the healthcare sector, including healthcare clinical services providers, health insurance companies as well as manufacturers and distributors of healthcare products and medical equipment.
Objectives
The fund will contribute to improving the supply in all segments of the Sub-Saharan African healthcare value chain, resulting in increased availability of reliable quality services through better infrastructure, upgraded facilities and better trained staff, to the benefit of the growing middle class and of the poor.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 22 million
Total cost (Approximate amount)
EUR 145 million
Environmental aspects
To ensure that the project meets the environmental and social standards of the EIB and participating international financial institutions (IFIs), it will be requested that an environmental, social and development management system (ESDMS) is set up to monitor the fund’s investment. During appraisal the Bank’s services will verify the application of the ESDMS and ensure that the projects financed by the fund follow the EIB’s environmental and social principles and standards.
Procurement
In terms of EIB procurement rules, the fund is considered to be in the private sector. The Bank will be entitled to assess whether projects which the fund supports apply competitive tender principles and adequate criteria of economy/efficiency, and that contracts are not negotiated with discrimination based on the country of origin.
Status
Signed - 27/10/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).