{"id":471226,"date":"2021-05-17T11:22:36","date_gmt":"2021-05-17T11:22:36","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471226"},"modified":"2021-05-17T11:22:36","modified_gmt":"2021-05-17T11:22:36","slug":"tdb-finances-expansion-of-state-of-the-art-hospital-in-rwanda","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/05\/17\/tdb-finances-expansion-of-state-of-the-art-hospital-in-rwanda\/","title":{"rendered":"TDB Finances Expansion of State-of-The-Art Hospital in Rwanda"},"content":{"rendered":"
<\/div>

To support the Rwandan health system, the Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the financing of the expansion of Kigali\u2019s King Faisal Hospital (KFH)\u2019s outpatient facilities with over USD 14 million in a 6-year primary forfeiting transaction.<\/p>\n

King Faisal Hospital (KFH) is a multi-specialty 160-bed quaternary hospital providing a range of specialized health care in Eastern\u00a0and Central Africa. In addition to the new outpatient clinic and doubling of the hospital\u2019s outpatient facilities capacity to 45 consultation rooms, TDB\u2019s financing will support the renovation and construction\u00a0of the outpatient block\u2019s education and research centre, day care premium facilities, electric substation, safety ramps, and main entrance and lobby. Additionally,\u00a0patient flow and experience will be quicker and better, and each specialty clinic will now have a dedicated triage and consultation space.<\/p>\n

KFH contributes greatly to the realization of Rwanda\u2019s Health Sector Strategic Plan IV priorities and targets, in turn which support the achievement of SDG 3: Good Health & Well-Being in particular, as well as other goals indirectly.<\/p>\n

\u201cThe expansion of King Faisal Hospital will enhance much-needed access in the region to quality healthcare services and support the health and well-being of the Rwandese people,<\/em>\u201d says\u00a0Admassu Tadesse, TDB Group Managing Director and CEO<\/strong>. \u201cThis transaction is an example of TDB\u2019s growing financial support to the health sector in this more challenging market environment marked by the Covid-19 pandemic.<\/em>\u201d<\/p>\n

Michael Awori, TDB Deputy CEO and COO\u00a0<\/strong>added that: \u201cfor this transaction, TDB worked with the sponsor of the project, the contractor and Bank of Kigali Plc (BK, delivering liquidity to enable the project to continue its implementation, unlocking additional impact, especially given the premium placed on liquidity during COVID. Furthermore, apart from direct SDG-3 benefits, this project will contribute positively to the country\u2019s balance of payments, via new receipts from regional medical tourism in Rwanda, and savings from Rwandan medical tourism abroad.<\/em>\u201d<\/p>\n

\u201cThe contribution of the Eastern and Southern African Trade and Development Bank (TDB) comes at a time when the hospital\u2019s primary focus is to improve patient experience and the application of cutting-edge medical technology<\/em>\u201d says\u00a0Prof. Miliard Derbew, King Faisal Hospital Chief Executive Officer<\/strong>.<\/p>\n

He adds that \u201cthe construction of the education and research block will create an enabling environment for clinicians to develop innovative research projects that address Rwanda and the region\u2019s unique clinical conditions and disease burden. This would also promote continuous capacity development for our medical practitioners, train in highest level specialties and have a fully established research center.<\/em>\u201d<\/p>\n

TDB has been active in\u00a0Rwanda\u00a0since\u00a0its establishment in 1985, providing support to the Government and to corporate clients alike, across various sectors \u2013 at the service of the sustainable development of the country. This transaction builds on a\u00a0donation of\u00a0portable patient monitors to Rwanda Biometric Center (RBC) made last year as part of\u00a0TDB\u2019s Covid-19 Emergency Response Programme (CERP), in support of\u00a0the Ministry of Health\u2019s efforts to\u00a0combat the Covid-19 pandemic in the country.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

To support the Rwandan health system, the Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the financing of the expansion of Kigali\u2019s King Faisal Hospital (KFH)\u2019s outpatient facilities with over USD 14 million in a 6-year primary forfeiting transaction. King Faisal Hospital (KFH) is a multi-specialty 160-bed quaternary hospital providing<\/p>\n","protected":false},"author":527180,"featured_media":471228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996,12040,12046,12065],"tags":[12871,15614],"class_list":["post-471226","post","type-post","status-publish","format-aside","has-post-thumbnail","category-finance-en","category-international-institutions","category-leaders-en","category-press-releases","tag-rwanda-en","tag-tdb","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nTDB Finances Expansion of State-of-The-Art Hospital in Rwanda - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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