Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 14 2018

IFC to back GSK Velu’s African medical technology firm Trivitron

In its first phase of operations, Trivitron Healthcare Africa will focus on four major hubs: Nairobi, Kenya; Johannesburg, South Africa; Lagos, Nigeria; and Algiers, Algeria.

World Bank’s private-sector investment arm International Finance Corporation plans to provide a $2.75 million loan (about Rs.18 crore) to healthcare entrepreneur GSK Velu’s new medical technology company in Africa.

The loan will complement the $7.25 million of equity that Velu’s Trivitron Healthcare Pvt. Ltd and private equity investor Investment Funds for Health in Africa (IFHA) are injecting into Trivitron Healthcare Africa BV, IFC said in a disclosure.

IFHA and Star Trivitron FZ LLC, a wholly owned subsidiary of Chennai-based medical equipment distributor Trivitron Healthcare, had tied up in January to form Trivitron Healthcare Africa.

IFHA invests in small and medium enterprises in the private healthcare sector in Africa. Trivitron makes and distributes medical equipment. It has nine manufacturing facilities in India, Finland and Turkey.

Founded by Velu in 1997, Trivitron Healthcare Africa will provide medical devices and instruments as well as after-sales service support across Africa. This will improve access and affordability of medical equipment across the continent.

In its first phase of operations, Trivitron Healthcare Africa will focus on four major hubs: Nairobi, Kenya; Johannesburg, South Africa; Lagos, Nigeria; and Algiers, Algeria. It will use these hubs to support neighbouring countries and manage an extensive channel partner network across the African continent.

Comment
image
Related opportunities
  • Travel Agents
    About Us: Travaha is a leading B2B travel portal that is..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Other Vocational Training
    About Us: The Sunday Science School is a registered institute for..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Laundry & Dry Cleaning
    About Us: ChemDry –It’s an international brand for providing Cleaner &..
    Locations looking for expansion Delhi
    Establishment year 1979
    Franchising Launch Date 1982
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: 95 Pasta &Pizza, striving to create a brand with..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities