Industry Newsroom

IFC, Ciel, Investment Fund for Healthcare in Africa, Proparco, and Kibo Capital Provide USD6.5m in Debt and Equity to Mauritius-Based Ciel Healthcare

Proparco, Kibo Capital, Ciel Limited, and other shareholders of Mauritius-based healthcare center management company Ciel Healthcare invested USD2.5m in its Ugandan subsidiary International Medical Group (IMG). IFC also approved a USD4m loan to IMG to finance a liquidity shortfall that resulted from the COVID-19 pandemic. Read more