AMCE secures $40 million investment from Africa Finance Corporation

by MMC
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The Africa Finance Corporation (AFC) has signed an equity agreement, committing $40 million towards the construction of the African Medical Center of Excellence (AMCE) hospital in Abuja.

AMCE is a 500-bed medical facility currently being developed by the African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital London (KCH). The agreement was signed during the first AMCE African Health Forum in

The President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, said the AMCE would reduce overseas medical tourism by improving the quality and accessibility of health services in Nigeria, adding that it would promote employment and promote a culture of research and development driven at the local level. , and also attract investments in the healthcare value chain in Nigeria.

Africa Finance Corporation (AFC) Chief Executive Officer, Samaila Zubairu, said: “We are therefore pleased to partner alongside Afreximbank and King’s College Hospital London on this landmark project which will transform healthcare. health in Africa and will contribute to a reversal of medical tourism.

The Federal Ministry of Health and Social Welfare also signed a Memorandum of Understanding (MoU) with Afreximbank at the AMCE Africa Health Forum in Abuja.

The Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, has commended Afreximbank for its support and investment in health programs in Nigeria and the continent.

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