This year has been nothing short of spectacular for Africa’s healthcare landscape, with a surge of transformative deals fueling access to quality care. Here’s a quick rundown of five standout deals reshaping health services and solutions across the continent:
AfricInvest and Proparco are teaming up to give millions in West and East Africa a sharper view of the world! Their financing package—$2.5 million from AfricInvest and €450,000 from Proparco’s Bridge by Digital Africa facility—is set to propel Lapaire Glasses. This optical retail chain is making quality eyewear accessible in Côte d’Ivoire, Benin, Togo, Mali, Burkina Faso, and Uganda. Cheers to clearer sights and brighter futures!
Alta Semper Capital’s acquisition of South Africa’s Allmed Group is a win for chronic kidney disease patients across Africa. Allmed’s expertise in blood purification and haemodialysis solutions pairs perfectly with Alta Semper’s ambition to deepen its African presence. Together, they’re set to transform extracorporeal blood treatment for patients who need it most.
Health tech just got a game-changing partner! AAIC Investment, through its Africa Innovation and Healthcare Fund, has backed BIMA, a platform offering affordable health insurance and digital health services. Tailored for underserved populations, this investment is another step toward inclusive, accessible healthcare in emerging markets.
RMB Ventures and Bopa Moruo Private Equity are doubling down on cancer care in South Africa with their majority stake in Icon Oncology Holdings. With a national network of 26 radiotherapy facilities and cutting-edge tech, Icon is pioneering value-based care for cancer patients. This deal is a beacon of hope for advancing oncology treatment in Africa.
Ezdehar Management is taking pharmacy tech to the next level with its $10 million investment in Yodawy. As the largest dispensary for chronic medication refills in the region, Yodawy simplifies the prescription lifecycle—e-prescriptions, real-time insurance approvals, and doorstep deliveries. A win for Egypt and a model for healthcare innovation!
2024 has seen a wave of investments across pharmaceuticals, health tech, and medical solutions, signaling a robust interest in transforming Africa’s healthcare ecosystem. From private equity funding to innovative health platforms, the focus is clear: improving access, quality, and affordability for a healthier continent.
Here’s to a year of impact-driven healthcare deals—and to many more in the future!
Edith is the Founder and CEO of Arielle for Africa Ltd. and Arielle Advisory. A serial entrepreneur, she is on a mission to empower African youth through job creation, promoting entrepreneurship, scaling African businesses, advancing STEM education, and championing sustainability in business. Outside of her profession she is an avid reader, podcast show host, writer and public speaker.
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