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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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