• Morocco’s Promamec secured USD 8.5M from AfricInvest’s Transform Health Fund to support working capital and healthcare supply delivery nationwide.
• The senior secured facility strengthens Promamec’s ability to supply medical equipment and consumables across dialysis, imaging, surgical care, and daily treatment needs.
• Founded in 1981, Promamec is backed by the Lahlou family, Vantage Capital, and local banks supporting Morocco’s healthcare infrastructure.

Promamec

Morroco’s Promamec secured USD 8.5 million from AfricInvest’s blended-finance impact vehicle, Transform Health Fund (THF). 

Looking forward, with the investment, it aims to support its working capital needs. Additionally, it aims to strengthen its capacity to deliver equipment and consumables to healthcare providers in Morocco.

Founded in 1981 by the Lahlou family in Casablanca, Morocco, Promamec, a Moroccan supplier of medical equipment and consumables. The company supplies a broad range of specialised medical equipment. This includes dialysis, imaging, and surgical solutions, as well as consumables used daily in patient care.

Healthcare

THF’s investment is structured as a senior secured loan facility. This complements the continued support of Promamec’s local banking partners and existing shareholders including the founding Lahlou family and Vantage Capital.

“While access to medical equipment is critical, its effective use depends on proper training, maintenance, and reliable availability of consumables. Promamec distinguishes itself by offering a comprehensive range of high-quality equipment and consumables across therapeutic areas and price points, backed by strong local stock availability, technical expertise, and transparent market practices,” said Noorin Mawani and Faisal Jiwa, co-leads of the THF.

Founded in the early 1990s, AfricaInvest is an investment and financial services company that is positioned as an experienced equity investor. Thus, they target growth-capital investments in SMEs that dominate in their local markets with the potential to scale up to expand regionally. 

The THF is a pan-African health fund launched as an innovative blended-finance fund in partnership with the Health Finance Coalition. Furthermore, it was established to address Africa’s massive health financing and capacity gap.