The European Investment Bank (EIB), through its development arm EIB Global, has invested $37.5 million in Alta Semper Fund II to support the growth of pharmaceutical and healthcare companies across Africa, with a focus on North Africa and a portion in sub-Saharan Africa. The fund is expected to mobilize up to $150 million for investments, promoting innovation, affordability, and regional cooperation in life sciences, MedTech, and pharmaceutical sectors, while advancing gender equality in at least 30% of its portfolio companies.
The signing took place in Cairo with Egypt’s Minister of Planning, Economic Development and International Cooperation H.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, Alta Semper Capital CEO Afsane Jetha, and IFC Division Director for North Africa and the Horn of Africa Cheick-Oumar Sylla. Managed by Alta Semper Capital, a female-led private equity firm with expertise in healthcare, the fund aims to expand access to quality medical products and services, foster inclusive economic growth, and link African markets with the European Union’s life sciences value chain.
Vice-President Vigliotti highlighted that the investment reflects Europe’s commitment to building resilient healthcare systems, supporting innovative businesses—many led by women—and creating quality jobs. Minister Al-Mashat emphasized that the partnership would deepen trade relations between the EU and Africa while promoting sustainable growth and innovation in healthcare.
Afsane Jetha noted that EIB’s backing will enable the fund to accelerate investments in high-impact companies, bridge gaps in healthcare services, and deploy disruptive technologies that enhance access and equity. Cheick-Oumar Sylla added that the investment will strengthen local healthcare and consumer businesses, including women-led enterprises, expanding access to quality care across the continent.
The Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) confirmed its support, stating that backing from international partners like the EIB and IFC will accelerate growth in vital sectors, creating high-quality jobs and fostering economic resilience.
The investment aligns with the EU Global Health Strategy and the EU-Africa Global Gateway Investment Package, enhancing regional manufacturing capacity, innovation, and health security. By leveraging additional private investors and European development finance institutions, Alta Semper Fund II is expected to deliver a “win-win” partnership that strengthens healthcare outcomes, boosts private sector growth, and reinforces sustainable EU-African cooperation.
