Cote D’Ivoire secures US$300 million from IFC to purchase medical equipment

COTE D’IVOIRE – A US$300 million financing agreement has been signed between Cote D’Ivoire and the World Bank’s International Finance Corporation (IFC) to help medical clinics procure equipment from General Electric and Philips. This investment could spur the cocoa-producing country’s development into a regional medical hub, Prime Minister Patrick Achi noted. As in other African countries, many smaller clinics in Cote D’Ivoire struggle to obtain the bank loans necessary to buy or rent essential medical equipment. This find from IFC aims to remedy that situation by providing credit to clinics…

Read More

IFC pumps US$16.5m in MedGenome in bid to increase COVID-19 testing in India

INDIA- International Financial Corporation (IFC), member of the world bank group, is pumping US$ 16.5 million worth of funds into MedGenome, a genetic diagnostic and research company. The financial boost and partnership are aimed at ensuring there is increase in access to COVID testing in India as well as provide leverage to research further about the virus, its variant and how to manage future pandemics. IFCs investment in MedGenome is part of its US$ 4 billion Global Health Platform, which is providing financing to support the manufacturing and supply of…

Read More

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…

Read More