Hi-techJanuary 13, 2021
A new emergency loan guarantee facility makes more than USD$30 million available to private, small- and medium enterprise (SME) health providers in five high malaria burden African countries. The loans will support healthcare providers in Ghana, Kenya, Nigeria, Tanzania, and Uganda to continue offering essential health services, including malaria treatments, to more than five million Africans.
The facility was created by the Health Finance Coalition, a group of leading philanthropies, investors, donors and technical partners focused on mobilizing significant private investment to achieve transformative healthcare impact in Africa.
According to Ken Staley, U.S. Global Malaria Coordinator, the private sector provides millions of people in Africa with essential health care for malaria and other diseases. “PMI is proud to support this effort to help ensure they can continue their life-saving work during the COVID-19 pandemic and beyond.”
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A new emergency loan guarantee facility has made available over $30 million to private and small and medium enterprise (SME) health providers in Nigeria, Ghana, Kenya, Tanzania and Uganda for continued essential services, including malaria diagnosis and treatment, to more than five million Africans.
The facility, Open Doors African Private Healthcare Initiative, is to address the economic crunch in sub-Saharan Africa, and was created by the Health Finance Coalition (HFC), a group of leading philanthropies, investors, donors and technical partners committed to strengthening primary healthcare delivery on the continent.
It consists of a catalytic $700,000 investment by the U.S. President’s Malaria Initiative (PMI), a $17.7 million loan guarantee from the U.S. International Development Finance Corporation (DFC) and a $1.5 million funding from The Rockefeller Foundation, Skoll Foundation and the MCJ Amelior Foundation.