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February 18, 2020

Finnfund finances development of high-quality hospitals in Egypt and Morocco

Finnfund supports the development of high-quality hospitals in Egypt and Morocco together with other international financial institutions. Finnfund’s share of the total 125 million US dollar financing facility is 18,75 million. Thanks to the financing Humania, a private healthcare company, will be able to expand health services and improve medical care in Morocco and Egypt by developing a network of multispeciality hospitals and healthcare assets.

“With this financing package, Humania will be able to provide high-quality health care to more people as well as quality jobs for healthcare professionals”, says Finnfund’s Investment Manager Markus Pentikäinen. “We will pay special attention to staff training in order to secure the quality assurance of care.”

Finnfund is joining forces with OPEC Fund for International Development, European Bank for Reconstruction and Development and the IFC Managed Co-Lending Portfolio Program (MCPP).

More information: Investment Manager Markus Pentikäinen, Finnfund, markus.pentikainen (a), tel. +358503397726


Read also: New IFC Investment Supports Construction of Hospitals and Clinics in Egypt and Morocco



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