IFC, Co-op Bank and Philips in US$281m deal to support SMEs in health sector in Africa

KENYA – The International Finance Corporation (IFC), part of World Bank Group, has announced partnerships with health technology firm Philips and the Co-operative Bank of Kenya to help small businesses in the health sector purchase essential medical equipment and strengthen their response to Covid-19 and other pressing healthcare challenges. The deal is designed to provide risk-sharing facilities to help small businesses access up to US$281 million in loans and leases. The partnership with is aimed at supporting healthcare providers in Cameroon, Côte d’Ivoire, Kenya, Rwanda, Senegal, Tanzania, and Uganda. The loan size…

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