Announcing a New Investment: Miliki Afya
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.
Miliki Afya provides a ‘one stop shop’ solution for the low income population. It’s first clinic is located in Ngong Town, 20 kilometers outside of Nairobi city center, directly across from the central public bus station in Ngong town and the farmer’s market where the population gathers. The clinic is open from 7am-7pm seven days a week.
“Miliki Afya has a sound and scalable business model with potential for delivering real impact to low income communities. Acumen’s investment in Miliki Afya is in line with our mission of changing the way the world tackles poverty by investing in game changing companies delivering critical goods and services to the underserved,” said Duncan Onyango, East Africa Director, Acumen. We have invested over $30M across East Africa, created 44,000 jobs and impacted 81M lives with our investments.