Hewa Tele Holdings Ltd.

In brief

Founded in 2013, Hewa Tele is an affordable medical oxygen provider, operating three Pressure Swing Adsorption (PSA) plants in Kenya and offering a full range of services across the medical oxygen value chain. With Finnfund’s financing, Hewa Tele is expanding its capacity and constructing a liquid oxygen manufacturing facility to address the oxygen supply gap in East Africa.

Main development impact

Direct beneficiaries are hospitals and clinics in Kenya, many of them in rural areas and underserved. Final beneficiaries include patients who need medical oxygen during treatment or operations. Through its milkman delivery model, Hewa Tele can reach far away smaller clinics, too. Medical oxygen is especially critical for children and expecting mothers.

Investment details

Name: Hewa Tele Holdings Ltd.
Project number: 80000347
Region: Africa
Country: Kenya
Sector: Other sector
Signing date (month/year): October 2022
Currency: USD
Finnfund's financing (commitment): 3,500,000
Instrument: Equity
Size of the project financing: USD 20,000,000
Share of Finnfund's financing (%): 17,50 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

October

Key facts

Name:

Hewa Tele Holdings Ltd.

Sector:

Other sector

Region:

Africa

Country:

Kenya

Currency:

USD

Finnfund's financing (commitment):

3,500,000

Signing date (month/year):

October 2022

Last update:

February 2024