Signing of Subscription Agreement for “the Project for Improvement of Medical Facilities Operation” (Private Sector Investment Finance): Contributing to Promotion of Universal Health Coverage
2025.11.27
On November 14, the Japan International Cooperation Agency (JICA) signed a loan agreement with CarePoint, a startup providing healthcare service in Africa.
Kepple Africa Ventures, a Japan-based venture capital firm, and M3, Inc., a Japanese company operating an online platform globally for healthcare professionals, have also formed capital partnerships with CarePoint. JICA will collaborate with both to address healthcare challenges in Africa.
A clinic operated by CarePoint in Ghana
Free medical check-ups and awareness campaigns conducted by CarePoint
- Borrower
CarePoint
- Country (Target Areas)
Africa
- Loan Amount
USD 3 million
- Project Title
The Project for Improvement of Medical Facilities Operation
- Project Purpose
This project aims to expand healthcare infrastructure and improve the quality of medical services in Africa, through investing in CarePoint, which operates hospitals and clinics in Ghana and Nigeria, thereby contributing to the promotion of “Universal Health Coverage (UHC)” - ensuring that everyone can access the healthcare they need with peace of mind.
- Project Component
CarePoint operates outpatient clinics in Ghana and both outpatient clinics and general hospitals in Nigeria. This project will support CarePoint’s efforts to improve operations and expand medical services at its hospitals and clinics in Ghana and Nigeria, as well as its entry into the hospital business in Egypt.
- Contribution to SDGs
Goal 1(No Poverty)
Goal 3(Good Health and Well-being)
Goal 5(Gender equality)
Goal 17(Partnerships for the goals)
- Reference
Since 1993, the Government of Japan has organized the Tokyo International Conference on African Development (TICAD) in collaboration with the UN, World Bank, African Union, and others. At the most recent TICAD 9 held in Yokohama in August 2025, the Government of Japan announced the “Africa Health Investment Promotion Package” to strengthen healthcare system in Africa. JICA also launched “IDEA (Impact Investing for Development of Emerging Africa),” a public-private partnership initiative to mobilize funds for impact investments in Africa for generating not only economic benefits but also social and environmental impacts. This project serves as a flagship initiative under these policies. Furthermore, CarePoint is a partner company of the “Impact Investment Initiative for Global Health (Triple I for Global Health)” announced in the joint statement of the G7 Hiroshima Summit in May 2023 and works with the Government of Japan to address global health challenges.
< References / News release from the Government of Japan>
JICA and other G7 development finance institutions participate in the “G7 2X Challenge: Financing for Women” initiative, which aims to leverage funding to promote women’s economic empowerment through entrepreneurship, leadership development, and labor market participation. Since CarePoint actively hires women for management and staff positions, this project also contributes to the 2X Challenge initiative.
<References / Official Website of 2X Challenge Secretariat>
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