Proparco, France’s development finance institution and Ascent Rift Valley Fund II has announced the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”) in Kenya’s South Coast.
On Proparco’s side, the investment is made under the FISEA+ initiative, a high-impact investment facility dedicated to supporting MSMEs in Africa owned by Proparco’s parent company, the French Development Agency (“AFD”).
Founded as a 10-bed private hospital in 1997, Diani…
