Mmegi

Africa Lighthouse snaps up Medlane stake

Making moves: Pule
Making moves: Pule

Local private equity firm, Africa Lighthouse Capital (ALC), has sealed the acquisition of a 76% stake in Medlane Holdings, a local day hospital operator, an asset which the investment firm believes will create a splash in the local healthcare sector.

Whilst healthcare remains a sector dominated by public investments, it is a growing area attracting private capital as frustrations over the public healthcare system continue to mount.

ALC will now be the majority shareholder in Medlane and hopes to vastly expand the Medlane business case into novel healthcare niches such as preventative care, complex surgeries, and post-surgical healthcare.

Editor's Comment
Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

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