AfDB commits $25mln to Abraaj Growth Markets Healthcare Fund

The African Development Bank’s Board of Directors has approved a $25 million commitment to the Abraaj Growth Markets Health (Africa) Fund, the parallel Africa-focused partnership of Abraaj’s Growth Markets Health Fund, which is currently in the market looking to raise up to $1 billion.

The fund will target opportunities driven by the expanding demand for healthcare services from Africa’s growing middle class and rapidly urbanizing population, improving the quality of healthcare infrastructure and healthcare services. According to details provided by another development finance  institution in the fund, Abraaj Growth Markets Health Fund will make acquisitions and undertake greenfield and brownfield projects to create sustainable and affordable healthcare eco-systems in urban areas. Companies that provide healthcare services, distribute medicines and medical technologies and retail pharmacies are among the types of businesses the fund will seek to invest in.


To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at] today.