Project Hippo (IFC-38280)

  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
The holder of the loan, grant, or other investment.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 27.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 107.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 13, 2018

Disclosed by Bank Feb 23, 2018

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The Project involves an IFC equity investment of up to US$22.0 million and debt investment of up to US$5 million in a newly established special purpose vehicle, Hospital Holdings Investment B.V (“HHI” or the “Company”), set up by an IFC investee fund, Investment Fund for Health in Africa II (“IFHA-II”), to finance the acquisition and integration of targeted healthcare services businesses in Sub-Sahara Africa (SSA). This is part of a US$107 million fund raising round being lead jointly by IFC and IFHA-II into the Company. The Company currently has one subsidiary, NGH Investment B.V, which in turn has a subsidiary, Kiambu Road Investment Limited. Kiambu Road Investment Limited has acquired 3 acres of commercial land along Kiambu Road, in Nairobi Kenya, for the construction of a greenfield hospital.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Contact Person: Menka Shah

Company Name:  Hospital Holdings Investment B.V

Address:  The Oval, 4th Floor, Ring Road Parklands, Nairobi, 


Phone: +254 734 913 572


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at