Roha Group has secured $42mn in equity funding from shareholders for the initial development phase of Roha Medical Campus (RMC) in Addis Ababa, Ethiopia.
This investment marks the initial tranche of a $130mn commitment for the first phase construction of RMC, an integrated 350-bed hospital expected to open in 2025.
It is part of a broader financial strategy that also includes further shareholder contribution and $70mn in debt financing led by a development finance institution, planned for the first half of this year.
With construction already underway, the campus is set to expand with another $200m funding, adding specialized hospitals, medical facilities, and a hub for teaching, research, and innovation.
(Source: GlobalData)
