IFC, a member of the World Bank Group, the African Development Bank, the Bill & Melinda Gates Foundation, and the German development finance institution DEG - Deutsche Investitions- have announced a new private equity fund that will invest in Africa's health sector.
The Health in Africa Fund, managed by Aureos Capital, will invest in small- and medium-sized companies in sub-Saharan Africa, such as health clinics and diagnostic centers, with the goal of helping low-income Africans gain access to affordable, high-quality health services.
The fund plans to make about 30 investments, ranging from $250,000 to $5 million.
Although viable investment opportunities from all parts of Africa will be considered, priority countries include Uganda, C
