Press release -
Swedfund supports healthcare actors in Nigeria, Madagascar and India with Covid-19 related emergency response
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcare sector in Nigeria, Madagascar and India with a total of 2,2 million SEK. The support includes personal protective equipment, medicines, and transports.
- To prevent the spread of coronavirus and to support the emergency preparedness in our investments we monitor continuously how Swedfund can assist our investment during the pandemic. The focus is increased health and safety for healthcare workers, to keep potentially infected patients separate from other patients and to prevent the spread of the Corona virus, says Johanna Raynal, Director of ESG & Impact of Swedfund.
Opham is a leading pharmaceutical products wholesaler in Madagascar and provides specialty and generic products to pharmacies and hospitals in the country. Express Pharma is a chain of pharmacies delivering safe medicines across Lagos in Nigeria together with Dr Express diagnostic services. Medica Synergie is a healthcare provider focused on the East Indian market, treating over 485,000 patients each year. Today, Medica manages eight hospitals and the company´s strategy is to provide affordable healthcare that is of high quality in underserved parts of the country.
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About Swedfund
Swedfund is Sweden's development finance institution for sustainable investments in developing countries. In order to achieve the goal: a world without poverty, more jobs are required in the private sector and that access to renewable energy is increasing. Investments are therefore made within energy & climate, health and to reach small and medium-sized companies.
As a state-owned company, Swedfund is managed by the Ministry of Enterprise and Innovation. The operations are financed partly through capital injections for which the Ministry of Foreign Affairs is responsible and through reflows from the own portfolio. Swedfund was founded in 1979 and has since the start made more than 240 investments in more than 60 countries.
