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New Hub-Supported Investment Closure Increases Access to Medical Devices in Tanzania

Published on July 26, 2018

The Hub facilitated the closure of a $15 million deal in Tanzania for a pharmaceutical company that registers, imports and distributes health products. The company directly sources its products from Medtronics, a U.S.-listed company valued at over $8 billion. The Hub supported the pharmaceutical company’s management team to respond to the investor's draft term sheet, enabling it to secure the capital required to grow its diagnostic business. The company will use the funds to expand its medical devices business across both East and West Africa. To date, the Hub has facilitated over $125 million in deals in East Africa.

The Hub works to attract, mobilize and sustain new private-sector investment within the East Africa region. Our investment component works in four priority sectors -- ICT, agribusiness, financial services, and cotton, textile and apparel -- within the East African Community (EAC), Ethiopia, and Madagascar. Investment is a core ingredient for firms of all sizes to innovate, grow and ultimately sell their products locally, regionally and internationally.