The Africa Finance Corporation (AFC) has signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital.
AMCE is a 500-bed medical health facility currently being developed by Africa Export-Import Bank (Afreximbank) in partnership with King’s College Hospital, London (KCH). The agreement was signed at the inaugural AMCE African Health Forum in Abuja.bb
President and chairman of the board of Directors of Afreximbank, Prof. Benedict Oramah said AMCE would reduce outbound medical tourism by elevating the quality and accessibility of healthcare services within Nigeria, adding that it would promote employment, foster a culture of locally driven research and development, and also attract investments into Nigeria’s healthcare value chain.
The Africa Finance Corporation (AFC)’s president and Chief Executive Officer, Samaila Zubairu, said: “We are therefore pleased to partner alongside Afreximbank and King’s College Hospital, London, on this epoch-making project that will transform healthcare in Africa and contribute to a reversal in medical tourism.”
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The Federal Ministry of Health and Social Welfare also signed a memorandum of understanding (MoU) with Afreximbank during the AMCE Africa health forum in Abuja.
The Coordinating Minister of Health and Social Welfare, Prof Muhammad Ali Pate, commended Afreximbank for its support and investments in healthcare programmes in Nigeria and the continent .
