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VENTURES AFRICA – Impact investor, Acumen has announced a $600,000 investment in Kenya’s Miliki Afya Limited, in a bid to help the company achieve its aim of offering high quality, low cost medical care in Kenya’s densely populated low income areas.
“Miliki Afya has a sound and scalable business model with potential for delivering real impact to low income communities. Acumen’s investment in Miliki Afya is in line with our mission of changing the way the world tackles poverty by investing in game changing companies delivering critical goods and services to the underserved,” said Duncan Onyango, Acumen’s East Africa Director.
An estimated 18 million Kenyans are in need of primary healthcare across urban, peri-urban and rural areas, according to Acumen. But provision of first-contact medical care is inadequate in the east African country. Miliki Afya’s project can ensure most of these people, if not all have access to high quality, yet affordable healthcare services.
“Healthcare should be accessible to all. We are keen to ensure that people at the bottom of the pyramid can access good quality healthcare at an affordable price,” said Dr. Ernest Mureithi, CEO of Miliki Afya.
The healthcare provider can build on the success recorded at its first clinic located in Ngong Town, 20 kilometers outside of the city centre of Kenya’s capital, Nairobi, as it plans to expand across Kenya.
Patients can consult qualified doctors for as little as 100 Kenya Shillings ($0.85), according to Mureithi who is excited about the potential social impact of his company’s project.
According to a company representative, having invested more than $30 million across East Africa, created 44,000 jobs and impacted 81 million lives with investments, Acumen still wants do more.
“We (Acumen) are actively looking for investments in the following sectors; Agriculture, Healthcare, Energy, Education, Water & Sanitation, Affordable Housing,” the rep said.