Healthcare Global (Africa)

Africa Health

HCG Africa is a joint venture between CDC and Indian healthcare provider, HealthCare Global Enterprises.

The new venture will focus on providing affordable and accessible cancer treatment in key African countries in partnership with local clinicians, hospitals and health systems.

The plan is to develop a pan-African healthcare company bringing world-class care to patients across the continent while training hundreds of local clinicians to provide that care.

Bangalore-based HealthCare Global Enterprises is the largest cancer care provider in India with 17 chemotherapy, radiotherapy and surgical oncology centres.

This investment was made when British International Investment was named CDC Group.

Our investment

In 2015, CDC made an investment of $5.25 million into HCG Africa alongside HCG Group.

Our investment supports India’s market leader in oncology to establish centres of excellence in cancer care in Africa and Asia by bringing technology and expertise to tens of thousands of patients.

Environmental and social aspects

We will work with HCG to establish high standards of environmental and social (E&S) management in its new centres in Africa; in Kenya the focus will be on waste water management and operational health and safety.

We will also help the company identify opportunities for water and energy efficiency improvements.

Key facts

Status:
Exited
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
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.

:
Health
Website:
https://hcgel.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Equity
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

:
June 2017
End date

For direct equity investments, this is the date at which British International Investment exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
September 2021
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.

:
$5m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

We are now British International Investment