Kenyan Healthcare Company Hewatele Secures USD 20 M Funding

Hewatele, a medical oxygen producer in Kenya, has secured a USD 20 M USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada.  

Founded by a group of doctors in 2013, Hewatele manufactures and distributes medical oxygen through six operational Pressure Swing Adsorption (PSA) plants strategically positioned within Kenya and Uganda. Hewatele will use the debt and equity funds raised to finance the building of a liquid oxygen(LOX) manufacturing facility in the outskirts of City of Nairobi, together with regional distribution capacity at key strategic regions within Kenya, while also doubling its existing capacity at hospital-based sites to produce and distribute medical oxygen using pressurized gas cylinders (GOX).