Norsad Capital announces R100mn facility agreement with RH Bophelo
Sub-Saharan Africa investment group, Norsad Capital, today announced a R100 million facility agreement with listed healthcare provider RH Bophelo in a bid to maximize growth potential. Joining CNBC Africa for more is Nathaniel Nyika, CIO, Norsad Capital.
Thu, 06 Oct 2022 16:05:46 GMT
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AI Generated Summary
- Norsad Capital's R100 million investment in RH Bophelo aims to boost access to quality healthcare in underserved areas of South Africa and potentially expand into neighboring countries.
- The partnership between Norsad Capital and RH Bophelo reflects a long-term commitment to foster growth and sustainability in the healthcare sector through infrastructure development and service expansion.
- Norsad Capital's investment strategy spans key sectors in Sub-Saharan Africa, focusing on promoting economic development and social progress, with a diverse pipeline of projects across the region.
Sub-Saharan African Investment Group, Norsad Capital, has recently finalized a R100 million facility agreement with the listed healthcare provider RH Bophelo to boost its growth prospects. This move aims to enhance access to quality healthcare in second-tier towns and cities in South Africa and potentially expand into neighboring countries. Nathaniel Nieke, the Chief Investment Officer of Norsad Capital, elaborated on the deal, highlighting the social impact and potential growth opportunities it brings. The funding will be directed towards developing new facilities and expanding existing services at RH Bophelo's hospital network to cater to the healthcare needs of underserved communities. Nieke emphasized that this investment is a part of a larger global facility approved for RH Bophelo, signaling a long-term partnership to foster growth and sustainability in the healthcare sector. Additionally, Norsad Capital's investment strategy extends beyond healthcare, covering key sectors like financial institutions, food value chain, social infrastructure, and industrial manufacturing across Sub-Saharan Africa, with a keen eye on opportunities in East and West Africa. The organization's pipeline includes diverse projects ranging from healthcare facilities to financial inclusion initiatives, highlighting their commitment to fostering economic development and social progress across the region.