Morocco’s Promamec Raises $8.5M to Strengthen National Healthcare Infrastructure
AfricInvest, through its blended-finance impact vehicle, the Transform Health Fund (THF), has invested $8.5 million in Promamec, a Moroccan supplier of medical equipment and consumables.
The investment is intended to support Promamec’s working capital requirements, enhance its capacity to serve healthcare providers across Morocco, and contribute to the development of national healthcare infrastructure, while improving the availability of essential medical consumables for local communities.
Structured as a senior secured long-term loan facility, the financing provides financial stability to support the company’s operational expansion and complements the continued backing of local banking partners and existing shareholders, including the founding Lahlou family and Vantage Capital.
Commenting on the investment, Noorin Mawani and Faisal Jiwa, co-leads of the Transform Health Fund, stated in a joint statement:
“We are proud to support Promamec at a pivotal moment for Morocco’s healthcare system. While access to medical equipment is critical, its effective use depends on proper training, maintenance, and reliable availability of consumables.”
They emphasized that Promamec’s strength lies in its comprehensive operating model, adding:
“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. This holistic approach, combined with local assembly capabilities and rapid delivery, makes Promamec a trusted partner for healthcare providers across urban, peri-urban, and rural areas. We believe this investment will deliver meaningful impact by strengthening the resilience of Morocco’s health system, and we are excited to support the company in its next phase of growth.”
Founded in the 1980s, Promamec has established itself as a key player in Morocco’s healthcare ecosystem, operating a hybrid business model that combines the distribution of specialised medical equipment, local production, and the provision of comprehensive technical and training services.
