A provider of dialysis services in Africa, Africa Healthcare Network (AHN), has secured $20 million in equity and debt funding.
The support comes from Africa50 and AfricInvest, two African investments institutions, and Tokyo-based Ohara Pharmaceutical Co., Ltd.
The funding will enable AHN to accelerate its growth and address significant gaps in the availability of high quality, affordable renal care across Africa, the firm said in a statement.
Africa50, which led the equity funding, invests in high-impact, high-growth businesses and projects across the continent, the statement said.
AHN said the investment will enable it to expand access to care. It currently has 45 clinics and plans to continue growing, entering underserved regions to expand access to treatment.
The funding will also accelerate AHN’s technological capabilities, including early identification and management of kidney disease, the firm said.
The statement added that the firm will also strengthen its healthcare workforce and maximize development impact and sustainability.
Matt Williams, CEO of AHN, said: "With the support of Africa50 and AfricInvest, we are well-positioned to make a dramatic impact in the fight against kidney disease and improve the overall healthcare landscape in Africa."
Raza Hasnani, managing director and head of infrastructure investments at Africa50, added: “We are excited to be partnering with AHN to further their mission of improving access to quality kidney care across Africa.”
Faisal Jiwa, co-lead of AfricInvest’s transform health fund, said: “We are proud to be partnering with the entire team at AHN in its mission to improve access to quality, affordable healthcare services in Africa, which is fully aligned with THF’s impact-first strategic focus along the healthcare value chain.”
Nikhil Pereira-Kamath, executive chairman and co-founder of AHN, reiterated the power of the partnership. He said: “We’ve seen tremendous growth in recent years, growing from 17 centres at the end of 2021 to nearly 50 centers and over 500 team members by year end 2023.”
