Uganda: IMG raises US$6.5m to fund liquidity shortfall

Diversified healthcare operator International Medical Group (IMG), the Ugandan arm of Ciel Healthcare, has raised US$6.5m to finance a potential liquidity shortfall to be faced by the company as a result of the Covid-19 pandemic. IFC has committed US$4m with the remainder to come from the company’s shareholders Proparco and Kibo Fund II as well…

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