AfricInvest, through its blended-finance impact vehicle Transform Health Fund (THF), has committed $8.5 million to Promamec, a leading Moroccan supplier of medical equipment and consumables. This strategic investment aims to bolster Promamec’s working capital and enhance its ability to deliver critical healthcare products to providers across Morocco.
Promamec plays a vital role in Morocco’s healthcare ecosystem by supplying a comprehensive portfolio of specialized medical equipment and consumables. Its offerings span key therapeutic areas, including:
- Dialysis solutions for renal care
- Medical imaging systems for diagnostics
- Surgical equipment for operating rooms
- Daily-use consumables essential for patient care
The THF investment is structured as a senior secured loan facility, complementing the ongoing support from Promamec’s local banking partners and its existing shareholders—the founding Lahlou family and Vantage Capital. This blended-finance approach ensures Promamec has the liquidity and resources needed to scale operations and meet growing healthcare demands.
In a joint statement, Noorin Mawani and Faisal Jiwa, co-leads of THF, emphasized the significance of this partnership:
We are proud to support Promamec at a pivotal moment for Morocco’s healthcare system. Access to medical equipment is critical, but its effective use depends on proper training, maintenance, and reliable availability of consumables. Promamec stands out by offering a holistic solution—high-quality equipment and consumables across therapeutic areas and price points, backed by strong local stock availability, technical expertise, and transparent market practices. Combined with local assembly capabilities and rapid delivery, Promamec is a trusted partner for healthcare providers in urban, peri-urban, and rural areas. We believe this investment will strengthen the resilience of Morocco’s health system and drive meaningful impact as Promamec enters its next growth phase.
