The International Finance Corporation (IFC) has announced a strategic partnership with Carrefour Medical, a leading Senegalese healthcare supplier and part of the Cosemad Group. This collaboration aims to strengthen local healthcare infrastructure and improve access to essential medical services across Senegal and West Africa.
Under the agreement, IFC will provide €18 million (XOF 12 billion) in financing—primarily in local currency—to support Carrefour Medical’s ambitious expansion plans. The investment will enable the company to scale its distribution capacity for medical equipment and consumables, ensuring timely delivery to hospitals and clinics. Additionally, the funding will accelerate the completion of Carrefour Medical’s new headquarters, which will feature:
- A technical center dedicated to equipment maintenance and servicing
- A training facility for engineers and technicians
- Expanded operations for its recently established dialysis kit component production plant, aimed at reducing reliance on imports and lowering treatment costs
Saliou Mboup, Founder and CEO of Carrefour Medical, emphasized the transformative nature of the partnership:
IFC’s support goes far beyond financing. Their team invested time to understand our operations and long-term vision, helping us refine our growth strategy and identify new market opportunities. This partnership validates our vision and underscores the strength and credibility of our organization. With IFC’s expertise, we are building a resilient business capable of meeting the growing healthcare needs of Senegal and the wider region.
Olivier Buyoya, IFC Regional Director for West Africa, highlighted the broader impact:
Strengthening private sector investment in healthcare is critical for resilience and improved service delivery. Our partnership with Carrefour Medical will boost local manufacturing, reduce dependence on imports, lower the cost of lifesaving dialysis care, and create quality jobs. This initiative aligns with Senegal’s Vision 2050 agenda and supports the country’s progress toward universal health coverage.
