This investment was made when British International Investment was named CDC Group.
Our investment
In 2015, CDC invested $50 million into the fund, alongside the Bill and Melinda Gates Foundation, healthcare operators such as Philips and Medtronic, as well as other DFIs, including the African Development Bank, and France’s Proparco. Our investment will provide accessible, affordable and high-quality treatment for non-communicable diseases.
Expected impact
Lack of access to medical resources and inefficient healthcare systems across Africa and Asia continue to deliver poor outcomes for a large number of the population. From Nigeria to Bangladesh, Kenya to Pakistan, low- and middle-income countries trail their richer counterparts on healthcare provision.
Our investment will enable the fund manager to focus on improving care in the fields of non-communicable disease and mother and child health. It will initially operate in 10 cities across Africa and South Asia, including Lagos, Karachi, Accra and Nairobi, which represent a combined catchment area of 250 million people.
The fund will create a network of healthcare facilities – from tertiary hospitals to labs and imaging centres – that can share resources. By connecting facilities and personnel across specialities and geographies, for example through telehealth and doctor exchange programmes, the fund manager aims to improve access to good quality healthcare for people living in underserved areas.
The project will also create or maintain jobs for 7,500 people across its portfolio companies and train over 5,200 health workers.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Rest of the World
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Health
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- FFP Cayman
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- July 2015
- Amount
:
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
- $75m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Cayman Islands
