An Indian medical equipment firm plans to expand into Kenya and three other African countries in a Sh1 billion project that is partly financed by the International Finance Corporation (IFC).

The IFC, World Bank’s private lending arm, has disclosed plans to lend Trivitron Healthcare Sh281 million ($2.75 million) to set up distribution hubs for medical devices and instruments in Kenya, Nigeria, South Africa and Algeria.

Trivitron and Dutch-based private equity fund Investment Fund for Health in Africa (IFHA II) will inject a further Sh740 million ($7.25 million) into the project.

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