AfricInvest and Health Finance Coalition Close USD 111 M Transform Health Fund

AfricInvest and the Health Finance Coalition (HFC) have announced the final close of the pan-African Transform Health Fund (THF), an innovative blended-finance initiative aimed at bolstering healthcare systems across Africa by scaling proven healthcare models. The fund, managed by AfricInvest in collaboration with the Health Finance Coalition, raised USD 111 M, surpassing its initial target through investments from commercial, public, and private donors.

Key investors in the fund include Royal Philips, the International Finance Corporation (IFC), Swedfund, the U.S. International Development Finance Corporation (DFC), and several other prominent global health organizations and foundations.

The THF will provide debt and mezzanine financing to locally-led healthcare enterprises focused on health supply chains, care delivery, and digital health solutions, especially for vulnerable communities. With its first USD 20 M already committed, the fund has invested in:

• Africa Healthcare Network (AHN): The largest dialysis chain in Sub-Saharan Africa, offering affordable life-saving dialysis and preventive care.
• Lapaire Glasses: A growing network of more than 60 optical shops across West and East Africa, providing accessible and affordable eye care services.
• Insta Products: Produce ready-to-use therapeutic food for malnourished children and mothers in sub-Saharan Africa, supplying products to international NGOs.