Economics
Abraaj Seeks Shelter From Africa’s Economic Woes in Health Care
- Nutritional needs provide boost to AIDS-HIV investments
- Complex diseases, rising middle class fuel demand for care
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Private-equity companies are taking advantage of a surge in demand for health-care products in Africa to invest in a market that’s suffering from government underfunding.
Abraaj Group Ltd. invested $145 million to improve facilities and medical equipment at hospitals and clinics in Tunisia and Egypt, with a similar amount now being planned south of the Sahara. London-based Development Partners International LLP may invest as much as $150 million in health-care assets for its second fund in Africa over the next three to four years. The fund, which closed in April last year, took DPI’s assets in the region to $1.1 billion.