Announcing a New Investment: Miliki Afya
Monday, February 10, 2014
Acumen is pleased to announce a $600,000 equity investment in Miliki Afya Ltd., a company that aims to create a chain of clinics that offer high quality, low cost, outpatient care and diagnostics in low income, densely populated areas in Kenya.
An estimated 18 million Kenyans are in need of primary healthcare across urban, peri-urban and rural areas. In Kenya, private clinics currently provide nearly half of primary healthcare to the poorest quintile of the population. The majority of these clinics are not able to provide a full range of basic services, thus referring patients to other locations in order to receive a diagnosis or treatment.
Dr.Ernest Mureithi CEO of Miliki Afya said, “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. Our patients receive consultation from a qualified doctor for as little as KSH 100 (USD $0.85).” The potential social impact for Miliki Afya is immense, we plan to launch a number of clinics across Kenya to address the ever growing gap in the low cost healthcare market in Kenya. Dr. Ernest Mureithi is a trained medical doctor and healthcare administrator with extensive experience in designing and managing chains of clinics across East Africa.