USAID’s partnership with GE in Kenya will help health facilities buy high-tech equipment

Monday, March 24, 2014

Health care providers in Kenya will soon have a much better shot at getting a bank loan to buy high-tech medical equipment — as long as the machines are made by General Electric.

Earlier this year, the US Agency for International Development (USAID) announced a partnership with the industrial behemoth that will make up to $10 million in credit available for Kenyan health facilities to buy its medical products, including ultrasound and MRI machines. It’s the first time the agency has partnered with a multinational company to extend credit guarantees that unlock local financing.

USAID says the partnership will help smaller clinics and hospitals get much-needed equipment to expand diagnostic and other essential health services.

Source: Global Post (link opens in a new window)

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Entrepreneurship, Health Care
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business development, financial innovation, global health, healthcare technology, public private partnerships