Cairo – Mubasher: The Board of the African Development Bank has approved a $20-million equity investment in Rx Healthcare Fund (RXHF) to help improve healthcare delivery across the continent.
The Fund will provide growth capital to the companies that show high potential for growth in diagnostics, hospitals and pharmaceutical.
The investments will be made in each of; Egypt, Tunisia and Morocco and then scaled up into Ethiopia, Kenya, Nigeria and Sudan with substantial transfer of lessons learnt and latest healthcare technology.
RXHF aims to address growing demands for adequate high-quality healthcare services in several countries of North Africa and Sub-Saharan Africa (SSA), which are respectively faced with distinctive set of challenges.