News
January 12, 2012
XSML boosts healthcare in Congo
March 01, 2011
XSML opens new office in
Bangui, Africa
January 25, 2011
XSML opens new office in congo
May 10, 2010
XSML launches new fund with IFC
January 12, 2012
XSML boosts healthcare in Congo
March 01, 2011
XSML opens new office in
Bangui, Africa
January 25, 2011
XSML opens new office in congo
May 10, 2010
XSML launches new fund with IFC
XSML BOOSTS HEALTHCARE IN CONGO
Kinshasa, DRC, January 12, 2012
XSML today announced its first investment in Congo, DRC through the Central Africa SME Fund. This investment in Médecins de Nuit (MDN), a private healthcare clinic in Congo, will increase the range and availability of premier healthcare services provided by MDN in Kinshasa.
Congo continues to suffer from a grossly underdeveloped healthcare system. Public investment in the healthcare sector remains amongst the lowest in the world at only US$7 per capita. Meanwhile, Congo has one of the highest infant mortality rates. As such, private healthcare clinics fill the gap by providing for the unmet demand in Kinshasa and throughout DRC. MDN provides a critical medical emergency rescue service and operates one of the few working ambulances in Kinshasa, a city with an estimated population of 10 million inhabitants. The funding from the Central Africa SME Fund will be used for the construction of a new clinic containing two surgical theatres one of which is focused on maternity care, an X-ray machine, consultation rooms, a pharmacy and an emergency room (ER). The investment will enable MDN to offer their patients a broader set of services on an international healthcare quality level.
Jarl Heijstee, Managing Partner at XSML, said, "Our investment in a private healthcare clinic will send a clear signal to other investors that healthcare in Congo is a sustainable business that does not need to depend on donations but thrives on good healthcare management. MDN's focus on emergency rescue and maternity care has been an important factor in our decision to invest in a new clinic. Providing first class maternity services is an essential contribution to the improvement of the living standards and the lowering of infant mortality rates in Congo. We are proud to contribute to that goal."
MDN's home medical assistance and 24/7 ambulance service is new to Congo, where long waiting periods at a hospital for a consultation is the norm. Dr. Guy Bandu Ndungidi, Administrative Director of MDN, said, "When we first started our clinic in 2008, our goal was to provide international healthcare standards to the Congolese population as we are used to in Europe and the US. Today, our emergency relief and home consultations have brought a different approach to medical care in Kinshasa which could be consider as the first step to pre-hospital emergency in DR Congo. Also, this service has proven to be of critical help for the population and has been extremely appreciated by our patients. We are now ready to provide that same and even more comprehensive services to a larger part of the population. We are keen to partner with XSML as they understand the need to provide these services at an affordable, high quality level."
CASF is an investment fund investing in small and medium-sized enterprises in the Democratic Republic of Congo and the Central African Republic. The fund believes in achieving sustainable economic development by encouraging entrepreneurship in the fast growing markets of DRC and CAR. Currently, many opportunities in these countries remain unexploited due to the lack of risk capital and support. The multiplier impact of such entrepreneurial endeavour creates jobs and income. CASF is a USD 25m fund (target) with 80% allocation to DRC and 20% in CAR. CASF will provide risk capital with an investment size ranging from USD 100,000 to a maximum of USD 500,000.
About XSML
XSML is an independent private equity fund manager with a strategic focus on emerging markets. As an architect building new funds and local fund managers in frontier markets, XSML, eXtra Small Medium Large, aims to grow small businesses into medium and large enterprises.
XSML was founded in 2008. The managing partners have an extensive background in emerging markets in the areas of asset management, corporate and development banking and corporate restructuring. Our experience have shown that demand for finance from small and medium sized enterprises (SMEs) remains largely untapped despite increased interest in emerging markets from international investors. XSML bridges this gap between the international investors and the SMEs in emerging markets.
About MDN
Created in 2008, MDN is a medical institution specifically dedicated to home medical assistance and emergency rescue in Kinshasa, working through an efficient network of medical professionals, surgeons, emergency doctors, paediatricians and home nurses. MDN also offers maternity care, laboratory, medical advisory services and medical evacuation in partnership with international medical insurance companies.
Kinshasa, DRC, January 12, 2012
XSML today announced its first investment in Congo, DRC through the Central Africa SME Fund. This investment in Médecins de Nuit (MDN), a private healthcare clinic in Congo, will increase the range and availability of premier healthcare services provided by MDN in Kinshasa.
Congo continues to suffer from a grossly underdeveloped healthcare system. Public investment in the healthcare sector remains amongst the lowest in the world at only US$7 per capita. Meanwhile, Congo has one of the highest infant mortality rates. As such, private healthcare clinics fill the gap by providing for the unmet demand in Kinshasa and throughout DRC. MDN provides a critical medical emergency rescue service and operates one of the few working ambulances in Kinshasa, a city with an estimated population of 10 million inhabitants. The funding from the Central Africa SME Fund will be used for the construction of a new clinic containing two surgical theatres one of which is focused on maternity care, an X-ray machine, consultation rooms, a pharmacy and an emergency room (ER). The investment will enable MDN to offer their patients a broader set of services on an international healthcare quality level.
Jarl Heijstee, Managing Partner at XSML, said, "Our investment in a private healthcare clinic will send a clear signal to other investors that healthcare in Congo is a sustainable business that does not need to depend on donations but thrives on good healthcare management. MDN's focus on emergency rescue and maternity care has been an important factor in our decision to invest in a new clinic. Providing first class maternity services is an essential contribution to the improvement of the living standards and the lowering of infant mortality rates in Congo. We are proud to contribute to that goal."
MDN's home medical assistance and 24/7 ambulance service is new to Congo, where long waiting periods at a hospital for a consultation is the norm. Dr. Guy Bandu Ndungidi, Administrative Director of MDN, said, "When we first started our clinic in 2008, our goal was to provide international healthcare standards to the Congolese population as we are used to in Europe and the US. Today, our emergency relief and home consultations have brought a different approach to medical care in Kinshasa which could be consider as the first step to pre-hospital emergency in DR Congo. Also, this service has proven to be of critical help for the population and has been extremely appreciated by our patients. We are now ready to provide that same and even more comprehensive services to a larger part of the population. We are keen to partner with XSML as they understand the need to provide these services at an affordable, high quality level."
CASF is an investment fund investing in small and medium-sized enterprises in the Democratic Republic of Congo and the Central African Republic. The fund believes in achieving sustainable economic development by encouraging entrepreneurship in the fast growing markets of DRC and CAR. Currently, many opportunities in these countries remain unexploited due to the lack of risk capital and support. The multiplier impact of such entrepreneurial endeavour creates jobs and income. CASF is a USD 25m fund (target) with 80% allocation to DRC and 20% in CAR. CASF will provide risk capital with an investment size ranging from USD 100,000 to a maximum of USD 500,000.
About XSML
XSML is an independent private equity fund manager with a strategic focus on emerging markets. As an architect building new funds and local fund managers in frontier markets, XSML, eXtra Small Medium Large, aims to grow small businesses into medium and large enterprises.
XSML was founded in 2008. The managing partners have an extensive background in emerging markets in the areas of asset management, corporate and development banking and corporate restructuring. Our experience have shown that demand for finance from small and medium sized enterprises (SMEs) remains largely untapped despite increased interest in emerging markets from international investors. XSML bridges this gap between the international investors and the SMEs in emerging markets.
About MDN
Created in 2008, MDN is a medical institution specifically dedicated to home medical assistance and emergency rescue in Kinshasa, working through an efficient network of medical professionals, surgeons, emergency doctors, paediatricians and home nurses. MDN also offers maternity care, laboratory, medical advisory services and medical evacuation in partnership with international medical insurance companies.
For further information please contact:
Jarl.Heijstee@xsml.nl
T: +31 20 888 4379
www.xsml.nl