Swedfund, the Swedish state’s venture capital company, and The Africa Health Fund through The Abraaj Group, an investor operating in global growth markets, have invested in The Nairobi Women’s Hospital.
The hospital is a private healthcare provider for women and their families in East Africa.
The investment in The Nairobi Women’s Hospital totals USD6.5m. It is the largest single foreign direct equity investment in private healthcare in Kenya this year. In 2010, the then newly formed Africa Health Fund invested in The Nairobi Women’s Hospital.
The objective of The Africa Health Fund is to increase access to, affordability and quality of health related goods and services for Africans, especially those at the bottom of the income pyramid.
Swedfund’s mandate is to support private enterprise in developing countries, mainly by making equity investments and loans to companies that have a profitable track record but need capital and support in order to grow. Swedfund’s portfolio includes holdings in around 70 companies around the world.
This investment will enable The Nairobi Women’s Hospital to complete the financing of its modernisation and expansion plan in East Africa. This will in turn increase the range of treatments and services offered to patients in the region.
The Nairobi Women’s Hospital focuses on providing in-patient, outpatient and specialised services for women including antenatal, gynaecology, obstetrics, breast cancer detection and surgery. The NWH also offers services to the family.
