Chemonics News

News: Health Finance Coalition Announces First Close of AfricInvest Managed Transform Health Fund

June 7, 2023 | < 1 Minute Read

New impact fund begins investing in scalable healthcare solutions in sub-Saharan Africa.

This news article originally appeared on Health Finance Coalition on June 7, 2023.

Washington, DC, June 7, 2023– The Health Finance Coalition today announced the close of the first $50 million for the pan-African Transform Health Fund (THF) managed by AfricInvest. With the first close, the THF will begin investing in innovative models to improve access, affordability, resilience, and quality of healthcare in Africa.

The Fund is a joint venture between Health Finance Coalition and AfricInvest, bringing together commercial, public, and private donor investments from Royal Philips, Merck & Co., Inc., known as MSD outside of the United States and Canada, the U.S. International Development Finance Corporation (DFC), the International Finance Corporation (IFC), Swedfund, FSD Africa Investments, Grand Challenges Canada (with funding from Global Affairs Canada), U.S. Agency for International Development (USAID), Netri Foundation, Anesvad Foundation, Chemonics International, and MCJ Amelior Foundation.

Read the full article on the Health Finance Coalition website.

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