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IFHA II

The Investment Fund for Health in Africa II will provide long-term finance to private healthcare companies in Sub-Saharan Africa (SSA). The Fund’s investee companies will be involved in activities ranging from care provision, wholesale and distribution of healthcare products, health insurance and healthcare product manufacturing.

IFHA II

The Investment Fund for Health in Africa II will provide long-term finance to private healthcare companies in Sub-Saharan Africa (SSA). The Fund’s investee companies will be involved in activities ranging from care provision, wholesale and distribution of healthcare products, health insurance and healthcare product manufacturing.

About the fund

The healthcare sector is chronically underfunded in Africa. While access to long-term capital is in general difficult for SMEs, SMEs in the healthcare sector are even worse off, as the sector is perceived as very risky. Despite the inherent potential of the sector, few international investors are focusing on investing in the SSA healthcare sector. Through this investment, SIFEM intends to not only capture the high growth potential, but also to bring additional capital where it is most needed from a development impact perspective.

An investment via a specialized fund in the healthcare sector in Sub-Saharan Africa is strongly aligned to development finance objectives. The continent features some of the poorest healthcare statistics in the world. Basic healthcare infrastructure, facilities, and trained personnel are lacking. In many countries there is a failure to consistently deliver minimum levels of health services and goods. With a focus on investing in the healthcare value-chain, the Fund will provide much needed assistance to improve access to quality healthcare products and services.

The Fund will be managed by African Health Systems Management Company B.V., a Dutch investment firm specialized in the SSA healthcare sector. The Fund Manager believes that “the only sustainable way to improve the state of healthcare in SSA is to support sustainable businesses to reach scale, at which point a broader range of quality services and products can be provided at a lower price to a broader segment of the population.”

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Investments by the fund

             
Date Name Country Industry Status
2018 Company 1 South Africa Medical equipment Active
2019 Company 2 Kenya Other financial services Active
2018 Company 3 Kenya Healthcare services Active
2016 Company 4 Mauritius Healthcare services Active
2018 Company 5 South Africa Healthcare services Active
2016 Company 6 Kenya Healthcare services Active
2020 Company 7 Nigeria Healthcare services Active
2018 Company 8 Netherlands Medical equipment Active
Reference code
2015-03
Status
Active
Date of commmitment
June 2015
Date of exit
-
Fund size
USD
160,000,000
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
African Health Systems Management Company