21 Million Euros earmarked to upraise King Faisal Hospital

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With an investment worth Euros 21 million (approx. Rwf 18.3 billion) one of the country’s referral  hospital, King Faisal is yet to be facelifted both in equipment and service  delivery to regional  standards.

Through private investment the hospital will get, equipment and latest technologies, improvement in management structure, introduction of new procedures training to local professionals in medicine and nursing while also it keeps its international standards.

“We have received the right support from government and with the right people we look forward to transforming King Faisal Hospital into a regional referral hospital,” said Alex Lifschitz, the Vice President of Sphera Global Health Care.

The investment comes after the government signed Concession Agreement with Oshen Healthcare Rwanda Limited (“Oshen”) to upgrade, finance, develop, operate and maintain King Faisal Hospital.

Oshen Healthcare Rwanda Limited is a subsidiary of Oshen Group SA in Angola, which makes it first entry into the country.

“This investment comes at a time when Rwanda’s aim to become a medical hub for the region,” Amb Claver Gatete, minister of finance and economic planning on Monday.

With an optimism of turning King Faisal into a multi-specialty regional referral hospital, the Minister added, “It is through right investments that the hospital can provide excellent medical services thus expanding its catchment area.”

Francis Gatare, Rwanda Development Board’s Chief Executive Officer noted that such a private investment provides the country yet another step towards achieving its economic ambitions.

“Such private initiatives and investments to transform King Faisal Hospital into a multi-speciality regional referral hospital provide great economic value,” he said

The agreement is to grant permission to the investor to be able to operate in Rwanda and to document the main roles and responsibilities of both the investor and the Government, Rwanda development Board earlier said.

Lifschitz (R) chats with Gatare (C) and Gatete after to the signing of the deal

Lifschitz (R) chats with Gatare (C) and Gatete after to the signing of the deal

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

More posts by | Visit the site of Ndaka

 

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