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According to the IFC & World Bank, African healthcare sector was valued USD 35 billion in 2016 and tends to increase by the projected CAGR of 6% over the forecast years. The market is anticipated to reach the valuation of USD 62 billion by 2024.
Fast growing population rates, strong urbanization trends, new and severe health challenges, an increasing middle class who is willing to pay for better treatment, are among the multiple factors stimulating the need for upgrades, expansions and construction of hospitals across the entire continent.
At the 6th Annual Africa Hospital Expansion Summit in Lusaka, Zambia; government officials, investors, operators, architects, health bodies, NGO`s & contractors will be meeting medical device suppliers, technology & service vendors, distributors, consultants, banks and regulatory bodies.
Q1 2018 Zambia – President Lungu to support Saudi Arabia Fund’s 800 bed Hospital Construction Project. President Edgar Lungu has assured the Saudi Fund Development that his government is committed to ensuring that the construction of the 800 bed capacity women and children hospital in Lusaka is effectively implemented. The President has meanwhile called on the Saudi Fund Development to help in addressing Zambia’s challenges that have hindered the implementation of the project. He said government was eager to see to it that the project commences. Read More
Q1 2018 Zambia – Banks, ECAs close complex financing deal in Zambia. Bluebird Finance & Projects, four banks and two European export credit agencies have closed a US$165mn complex financing package for the construction of a new hospital in Zambia. The loan is being extended to Zambia’s ministry of finance and covers 100% of the EPC contract, which is being undertaken by a large international construction company. Israel-based Bluebird, a financial services firm specialising in facilitating complex finance solutions for large-scale infrastructures projects, structured the package and led the process until closing. Read More
Q4 2017 Zambia – Hospital project takes Zambia, China ties to new high: President Lungu and China’s State Councillor Wang Yong are expected to officiate at the ground-breaking ceremony for the construction of phase two of the beautiful Levy Mwanawasa General Hospital in Lusaka. The imposing Levy Mwanawasa General Hospital rests on a 1.84 hectare piece of land on the Great East Road in Chainama area. It was opened in August 2014 with a bed capacity of 150. In April this year, the Chinese government released about US$58 million for the expansion of bed capacity from the current 150 to 850. Read More
Q4 2017 Zambia – The construction of a multi-million Cancer Diseases Hospital for Copperbelt province is expected to commence before the end of next year. Copperbelt Permanent Secretary Elias Kamanga said the Hospital which will cost approximately USD25 Million will be amongst two major Health facilities earmarked for construction in Kitwe. “Currently my office working with the Kitwe City Council and the Provincial Health Office is scouting for land to sit the Cancer Diseases Hospital especially that funds for the construction have already been secured,” and Kamanga said. He said the other facility set for construction is a specialized Hospital to attend to Cardiovascular, Renal and other specialized health complications. Read More
Q4 2017 Zambia – Zambia to have first cardiac surgery hospital: A US$ 30 million first ever cardiac surgery hospital is being constructed in Zambia by an investor from the Middle East and will see the country save a lot of money in medical evacuations to foreign hospitals across the world. Read More