The African Health Fund, through private equity firm the Abraaj Group, which is the largest investor in the Middle East, and Swedfund, a venture capital firm, have invested in the Nairobi Women’s Hospital.
The hospital, located in Nairobi, Kenya, provides private health care services to women and families in east Africa. The groups invested a total of $6.5 million.
The African Health Fund, an organization that tries to increase access and affordability of health care in Africa, made the investment through Abraaj.
Swedfund is a venture capital firm owned by Sweden’s government.
Abraaj, headquartered in London, focuses on investments in emerging markets. In 2013, the firm has invested in Fan Milk International, an Accra, Ghana-based frozen dairy product distributor, Ghana Home Loans, a residential mortgage provider in Ghana, and African Industries Services Group, which makes parts for engineering companies.