In the midst of the Covid-19 pandemic, the Malian health sector expanded with the opening of the Polyclinique Les Orangers: a brand new, state of the art, 49-bed health clinic situated on the outskirts of the capital city Bamako. The clinic offers high-quality, affordable medical care.
Since opening its doors in early 2021, Polyclinique Les Orangers has served 120 patients every day. Services include diagnostics and imaging, emergency care, surgery, and internal medicine, amongst others. Cordaid Investment Management’s flexible financing ensures medical equipment of the highest standard is available.
Despite profound changes since the mid-1980s, existing Malian healthcare providers are not able to meet current demand. Lack of investment undermines the sector's development, as does the prevalence of “health tourism”, with many middle-class Malians travelling to countries such as Tunisia and France for medical care.
Motivated to reverse this trend, Malian entrepreneur Amadou Sow has devoted the past eight years to realising his vision for Polyclinique Les Orangers.
“Much needs to be done in our country when it comes to healthcare”, says Sow. “Cordaid Investment Management allowed us to acquire the equipment needed for the polyclinic that will service the population of Mali and the sub-region. This investment has relieved the State, the population and the health professionals.”
Cordaid Investment Management (CIM) was impressed by the professionalism of the team and the commitment to delivering health services of the highest quality. “As a social investor, the commitment of the promoter and his Tunisian management partner in prioritising jobs and training for Malian staff was a key factor in CIM’s decision to invest”, says Brenda Pennell, Senior Investment Manager. “The clinic will also extend its services to the underserved local community.”
CIM’s investment in Polyclinique Les Orangers would not have been possible without the support of CrossBoundary, provided through the USAID-funded Mali Investment Facilitation Platform (MIFP). The MIFP team supported Amadou Sow with business plan development and connecting the entrepreneur to international and local financiers. CIM is additionally grateful to Cross Boundary for continuing to provide Polyclinique Les Orangers with ongoing pro-bono support to facilitate the final close of the transaction after the end of MIFP in early 2019.
Marcos Sampablo, Principal at CrossBoundary: “Mali is a high potential market with strong entrepreneurs who merit more international investment attention. We greatly appreciate the pioneering efforts of Cordaid in this regard and hope this opens up the market for more investors.”