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IFC Invests in CIEL Healthcare to Develop Pan-African Healthcare Network
Nairobi, Kenya, Capital Markets in Africa — IFC, a member of the World Bank Group is investing $6.75 million in Mauritius-based CIEL Healthcare Limited (CHL) to help the company acquire and operate a chain of hospitals across sub-Saharan Africa. The hospitals will offer high-quality, modern medical services, reaching an additional 150,000 patients per year. CHL launched its network in Uganda through the acquisition of International Medical Group (IMG) in July 2015. CHL aims to support…
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