Prosper Africa Closes Investment Deals To Create Jobs And Drive Economic Growth – Africa.com
Prosper Africa announced support to promote multiple healthcare investments and partnerships involving U.S. companies and investors that are driving growth, innovation and opportunity across Africa. These deals demonstrate ProsperAfrica’s critical role in promoting U.S.-Africa trade and investment.
- Alta Semper Capital (April 2024): Alta Semper has completed a $44 million deal to expand high-quality healthcare in Egypt through Allmed, the country’s only manufacturer of dialysis consumables. Prosper Africa provided commercial due diligence to facilitate the transaction, which was also supported by the US International Development Finance Corporation (DFC). The deal benefits the company’s U.S. investors and generates profits that flow back into the U.S. economy. Additionally, Allmed’s sourcing of advanced medical technologies from U.S. manufacturers promotes exports and supports jobs in the U.S. healthcare supply chain.
- Ilara Health (February 2024): Ilara Health, which has raised $3.9 million in pre-Series A funding, aims to provide affordable medical services to low- and middle-income people in Africa. Prosper Africa supported the transaction with market entry analysis, investor introductions and data-driven expansion strategies. Ilara Health’s US shareholders benefit directly from the company’s growth, while its partnership with US-based Butterfly Network drives demand for portable ultrasound equipment. This boosts U.S. exports, generates sales revenue, and supports manufacturing and sales jobs in the U.S. healthcare industry.
- LaPaire Eyewear (January 2024): LaPaire Glasses has raised $3.85 million in funding to expand its affordable eyewear business across Africa, with more than 40 locations in seven countries. ProsperAfrica contributes by developing financial and investment models and conducting investor outreach. The deal strengthens U.S. exports as LaPaire sources frames from FGX International, a U.S. company that drives U.S. manufacturing and job creation. In addition, LaPaire’s cooperation with EYElliance in the United States expands market access for American optical companies into Africa and creates new business opportunities.
- African Healthcare Network (November 2023): Africa Health Network raises $20 million to expand life-saving kidney care in East Africa. Prosper Africa supported the transaction with acquisition advisory and advocacy services. The transaction enables AHN to expand its reach and meet the critical needs of the more than 2 million patients in need of renal replacement therapy. U.S. ownership ensures that profits flow back into the U.S. economy, benefiting key stakeholders. AHN’s partnership with DFC aligns with U.S. foreign policy objectives, while its dialysis equipment purchases from Baxter International support U.S. manufacturing and job growth. The agreement also boosts U.S. medical equipment exports to Africa.
These investments, like others in Prosper Africa’s portfolio, will deliver transformative economic impact in key sectors. Prosper Africa partners with CrossBoundary to support these companies and investors in fulfilling its role in promoting job creation, infrastructure development and increasing trade opportunities between the United States and Africa.
