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Nigeria

 

HBI 2017: More deals on the way in Africa, say experts

A panel of African investors, advisors and operators gave a critical but positive assessment of the future of private healthcare on the continent at the HBI 2017 conference. Dr Egbe Osifu-Dawodu, formerly of the IFC and World Bank, and a founding partner of the Anadach consultancy explained the opportunity in Africa.

US$82m Lagos hospital project may attract IFC funding

A N32bn (US$82m) greenfield hospital project in the Nigerian city of Lagos consisting of a 150-bed multispecialty hospital and two primary care centres has received the backing of two investors and of potentially a third - development finance institution IFC. John Adesioye, CEO of consultancy Utopian Consulting International, says this is the sort of investment that Nigeria needs.

Hygeia adds Gold Cross Hospital to Nigerian network

African investor Hygeia has bought the 35-bed Gold Cross Hospital in Nigeria adding to a growing network centred on the Lagoon Hospital and the country’s largest HMO. We spoke to Lagoon’s CEO, Rajeev Bhandari.

Suppliers still waiting for distributors and investors to sell into Africa

Sub-Saharan Africa lacks the networks of both reliable distributors with service offerings and private equity players that can be approached with deals, says Jonathan Nighswander, director at Polish medical equipment manufacturer Famed, and Vienna-based private equity firm EMSA Capital.

Interview: Prof Dr Hatem Elgabaly, CEO, RX Health Management

A serial healthcare entrepreneur who also spent five years as Egypt’s Minister of Health and Population, Prof Elgabaly is now raising a $200m healthcare fund for investment in Healthcare in Africa and is already at present proceeding with investments. We talk to him about the Egyptian and wider African markets and about his investment approach.

Interview: Dr Elias Engelking, Specialist Surgeon, Julius Berger Medical Services in Abuja, Nigeria

Nigeria is Africa’s most populous country and somewhere investors are casting a keen eye. Currently, it does not have the healthcare system to match its growing clout. Dr Elias Engelking is an Anglo-German surgeon, who has spent the last five years treating the Nigerian workers of Julius Berger Group, a large construction company originating from Germany. Soon to be a free agent, he's planning to pursue his vision of developing a model hospital for the nation. The surgeon has used his experience treating patients, public and private, on three continents to develop a concept that he believes offers much-needed solutions for Nigeria, and here he explains it to Healthcare Nova.

Flint Atlantic Capital invests in dialysis in Rwanda

The Nigeria-based fund Flint Atlantic, which specialises in healthcare start-ups, co-invested with US-based Polaris Capital in the Rwandan dialysis group Africa Healthcare Network (AHN) last week. AHN is growing fast but the market is constrained by labour shortages and affordability. We discussed AHN’s potential to broaden access with Nneka Ezeigwe, vice president at Flint.

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