IFC, IFU and Proparco have contributed $ 108.5 million to Humania North Africa, a platform of private hospitals. Initially, these funds will be used to build a high-quality multi-specialty hospital in the new ecological city of Zenata and another in Alexandria, Egypt.
Good news for the health sector in Morocco. The IFC, a member of the World Bank group, the Danish Investment Fund for Developing Countries (IFU), and Proparco, a private sector subsidiary of the French Development Agency (AFD) group, provided $ 108.5 million capital investment in Humania North Africa, a platform of private hospitals, helping to improve medical care in Egypt and Morocco. The financial support will help Humania to develop a network of high quality tertiary hospitals in Egypt and Morocco. To have more details, in particular on the share allocated to the Moroccan market and the Moroccan projects supported within the framework of this financing, Maroc Hebdo tried to join, in vain, the communication manager of AFD North Africa region.
In any case, and initially, Humania plans to build a new high-quality multi-specialty hospital in the new ecological city of Zenata, a new city supported and financed by AFD. It will also involve building a new hospital in Alexandria and a clinic to complement the Saudi German Hospital in Cairo, Egypt. These projects will have a total capacity of 600 beds. “We are very pleased to continue supporting Humania, our long-standing partner in the health sector.
This funding demonstrates the strength of our partnership with IFU and Proparco. This project is a good example of how the private sector can be used to expand access to medical care, build human capital, improve social inclusion and stimulate innovation in health systems in the Egypt and Morocco, ”said Sergio Pimenta, IFC vice-president for the Middle East and Africa.
The development of Humania is considered essential in the two countries, beneficiaries of these investments, where there is a shortage of doctors and hospital beds. Egypt’s health sector needs $ 60 billion in investment by 2050 to meet growing demand for medical services, while Morocco is driven to improve the delivery of health care, especially for women and children.
Mohamed Amine HAFIDI
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