{"id":28698,"date":"2019-12-12T09:36:22","date_gmt":"2019-12-12T09:36:22","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2019\/12\/12\/egypt-ifc-and-development-partners-make-landmark-health-care-investment-in-east-and-southern-africa\/"},"modified":"2020-08-11T11:36:14","modified_gmt":"2020-08-11T09:36:14","slug":"egypt-ifc-and-development-partners-make-landmark-health-care-investment-in-east-and-southern-africa","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2019\/12\/12\/egypt-ifc-and-development-partners-make-landmark-health-care-investment-in-east-and-southern-africa\/","title":{"rendered":"Egypt : IFC and Development Partners Make Landmark Health Care Investment in East and Southern Africa"},"content":"\nThe project will boost access to quality health care services to help improve lives and achieve universal health coverage across the region.\nIFC is investing $22 million in the Hospital Holdings Investment (HHI) holding company, an investment platform set up by IFHA-II, which is also supported by the European development finance organizations Swedfund, Proparco, Finnfund and IFU, Danish Investment Fund for Developing countries. HHI will be IFC\u2019s largest equity investment in health care in Sub-Saharan Africa, outside of South Africa. IFC also mobilized $43.2 million from other investors.\u00a0\n\u201cHHI is filling a critical gap in the health care sector by providing secondary and out-of-hospital care for middle to lower middle income patients in East and Southern Africa. We aim to offer accessible, affordable and quality health care by increasing the number of hospitals and clinics we operate,\u201d said Max Coppoolse, Chairman of the Board of HHI and Managing Partner at IFHA-II.\u00a0\nHHI is expected to grow services in East and Southern Africa from one hospital and 35 clinics to five hospitals and 52 clinics, serving up to 1.8 million patients annually over the next five years. This will be achieved both by building new facilities and acquiring existing health care assets.\n\u201cAccess to quality and affordable healthcare is essential for building the human capital that Economys need to promote growth,\u201d said Stephanie von Friedeburg, IFC\u2019s Chief Operating Officer, during a signing event on the sidelines of the Investment for Africa Forum in Cairo. \u201cPrivate investment in the health sector in Africa\u2014like the agreement we signed today with IFHA-II\u2014is a key strategy for competitiveness and growth.\u201d\nIFC is the largest multilateral investor in health care in developing countries, with investments in over 200 projects in the past two decades totaling $4.3 billion.\u00a0\u00a0\nAbout IFC:\nIFC\u2014a sister organization of the World Bank and member of the World Bank Group\u2014is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities where they are needed most. In fiscal year 2019, we delivered more than $19 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.\u00a0\n\u00a0\nFor more information:\u00a0www.ifc.org.\n","author":42,"featured_media":26020,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5764,5761,5763,5766,5751,5756,2961,5750,5759,5762],"location":[5600],"class_list":["post-28698","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-communities","tag-decision-makers","tag-direct-broadcasting","tag-economic-analysis","tag-economy","tag-employment","tag-institutions","tag-news","tag-politics","tag-trending","location-egypt"],"short_url":"","have_related_news":null,"chapo":"IFC, a member of the World Bank Group, and IFHA-II Co\u00f6peratief U.A., a private equity fund focused on health care in Sub-Saharan Africa, launched a $115 million holding company to acquire and integrate targeted health care service businesses in East and Southern Africa.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/medecine-2-550x360.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/medecine-2-550x360.jpg 550w","sizes":"550px","alt":"Egypt : IFC and Development Partners Make Landmark Health Care Investment in East and Southern Africa","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/medecine-2.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/medecine-2.jpg 1170w","sizes":"1170px","alt":"Egypt : IFC and Development Partners Make Landmark Health Care Investment in East and Southern Africa","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt : IFC and Development Partners Make Landmark Health Care Investment in East and Southern Africa - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The project will boost access to quality health care services to help improve lives and achieve universal health coverage across the region. 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