In Sub-Saharan Africa, the private sector is addressing the lack of healthcare provision
Multi-country Africa
CIEL Healthcare Limited (CHL) is strengthening healthcare provision in Sub-Saharan Africa by developing its network of health facilities. It is the private sector which generally meets the increasing healthcare demand of populations in the region.
Client presentation
CIEL Healthcare Limited (CHL) is a private limited company which owns, operates and manages assets related to the health sector in Mauritius and throughout Sub-Saharan Africa. CHL holds majority shares in International Medical Group (in Uganda), in Hygeia Nigeria Limited (in Nigeria, via a consortium) and in Surgical Centre Limited, the owner of the Fortis-Darné Clinic in Mauritius. CHL’s investments also include the International Bio Analysis Laboratory (LIBA).
Project description
The equity investment will contribute to financing the acquisition of health facilities in the region and developing new state-of-the-art medical services in these institutions, which are locally difficult to access (obstetrics, cancer, cardiology, etc.).
The emergency grant in 2020 has cofinanced the purchase of equipment, consumables and services to respond to the Covid-19 crisis in the health sector.
Project impact
This operation will contribute to developing healthcare infrastructure in Sub-Saharan Africa where healthcare provision is structurally in deficit. It should create about a hundred additional beds by 2020, which will allow it to receive 150,000 more patients. More generally, it will contribute to structuring the sector in Sub-Saharan Africa, where the chronic underinvestment by States makes the private sector’s role crucial in addressing strong growth in healthcare demand.
This information is given at the time of signature, without prejudice to any developments in the operation/project
01/12/2015
Date of signature of the project
Sectors
Multi-country Africa
Location
Financing tool
4 842 633
Euros
Amount of funding
USD 5m Equity investment and EUR 250,000 of emergency technical assistance financing
CIEL HEALTHCARE LIMITED
PZZ1281
CES
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on the same region
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on the same topic
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on the same financial tool
