On October 3, 2024, AfricInvest and the Health Finance Coalition (HFC) announced the successful final close of the Transform Health Fund (THF), a pan-African blended-finance initiative aimed at improving healthcare systems across the continent. The fund exceeded its initial goal, raising $111 million through a combination of commercial, public, and private donor investments.
Managed by AfricInvest, a prominent investment platform active in private equity, venture capital, and private debt, the THF will focus on scaling innovative healthcare models and strengthening local health supply chains. Significant contributors to the fund include Royal Philips, the International Finance Corporation (IFC), Swedfund, and the U.S. International Development Finance Corporation (DFC), among others.
With an initial commitment of $20 million, the THF has already financed several high-impact health enterprises, such as Africa Healthcare Network, which operates the largest dialysis chain in Sub-Saharan Africa; Lapaire Glasses, which provides affordable eye care; and Insta Products, which produces therapeutic food for malnourished children and mothers.
The fund was established to address critical health financing gaps in Africa, where only 1.6 per cent of annual impact investments target healthcare, despite the region facing a significant disease burden. This initiative aims to attract private investment to complement traditional funding sources, supporting sustainable healthcare solutions for vulnerable populations.
