Summary of Proposed Investment
Project Number
7534
Company Name
Mwaiwathu Private Hospital Limited
Date SPI Disclosed
Mar 8, 1996
Country
Malawi
Industry
Health, Education and Life Sciences
Status
Completed
Sector
Hospitals and Clinics
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 11, 1996
Signed : Mar 7, 1997
Invested : Sep 3, 1997
Project Description
SUMMARY OF PROJECT INFORMATION
Project Name Malawi-Mwaiwatu Private Hospital Ltd. (MPH)
Region Sub-Saharan Africa
Sector Health
Project No 007534
Projected Board Date May 31, 1996
Company Name Mwaiwatu Private Hospital Ltd (MPH)
Technical Partner and/or Major Shareholders: The project’s major shareholders are: Prof. Jack Wirima (7%); Malawi Development Corporation (18%); Indebank (18%); National Insurance Corporation (18%); Medical Aid Society (6%); Malawi Savings Bank (9%), Medical Research Institute (MRI) (7%) and other private investors. MRI, a Johannesburg based private clinic management company, will be the project’s technical partner.
Project Cost Including Proposed IFC Investment
Project Cost US$4.36 million equivalent
IFC Investment US$0.77 million (equity)
Location of Project and Description of Site: The project will be located on the outskirts of Blantyre on a 5.3 acre site which already contains a small clinic owned by Dr. Wirima. This clinic will be demolished to make way for the new building.
Description of Company and Purpose of Project: MPH will build a 60 bed private hospital to cater to the unsatisfied demand for good quality medical care. The hospital will offer general inpatient and outpatient medical care and will provide a base for a group of 6 - 7 medical specialists in physiology, obstetrics, pediatrics, opthalmalogy, radiology and dentistry.
Malawi, with a population of over 9 million, about two million of which live in Blantyre, Limba, Lilongwe and other main towns, has a demand for health care which is not being met by the government services or existing private hospitals. Malawians with resources seek treatment outside the country. A modern high quality private hospital in Blantyre will help reverse the flow of patients and attract health professionals back to the country.
Environmental Category and Issues: This is a category B project. Environmental issues include professional handling and disposal of medical materials; disposal of medical waste; hygiene and implementation of good hospital management practices, and fire safety. A professional hospital management team is to be contracted. The company is currently preparing an environmental health and safety management plan.
The Environmental Review Summary is expected to be at the Public Information Center on/or about March 29, 1996.
Date SPI sent to PIC March 8, 1996
For additional information contact: Corporate Relations Unit - telephone: (202) 473-7711 - facsimile: (202) 676-0365.
l:\malawi\mwaiwatu\spi
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Project Name Malawi-Mwaiwatu Private Hospital Ltd. (MPH)
Region Sub-Saharan Africa
Sector Health
Project No 007534
Projected Board Date May 31, 1996
Company Name Mwaiwatu Private Hospital Ltd (MPH)
Technical Partner and/or Major Shareholders: The project’s major shareholders are: Prof. Jack Wirima (7%); Malawi Development Corporation (18%); Indebank (18%); National Insurance Corporation (18%); Medical Aid Society (6%); Malawi Savings Bank (9%), Medical Research Institute (MRI) (7%) and other private investors. MRI, a Johannesburg based private clinic management company, will be the project’s technical partner.
Project Cost Including Proposed IFC Investment
Project Cost US$4.36 million equivalent
IFC Investment US$0.77 million (equity)
Location of Project and Description of Site: The project will be located on the outskirts of Blantyre on a 5.3 acre site which already contains a small clinic owned by Dr. Wirima. This clinic will be demolished to make way for the new building.
Description of Company and Purpose of Project: MPH will build a 60 bed private hospital to cater to the unsatisfied demand for good quality medical care. The hospital will offer general inpatient and outpatient medical care and will provide a base for a group of 6 - 7 medical specialists in physiology, obstetrics, pediatrics, opthalmalogy, radiology and dentistry.
Malawi, with a population of over 9 million, about two million of which live in Blantyre, Limba, Lilongwe and other main towns, has a demand for health care which is not being met by the government services or existing private hospitals. Malawians with resources seek treatment outside the country. A modern high quality private hospital in Blantyre will help reverse the flow of patients and attract health professionals back to the country.
Environmental Category and Issues: This is a category B project. Environmental issues include professional handling and disposal of medical materials; disposal of medical waste; hygiene and implementation of good hospital management practices, and fire safety. A professional hospital management team is to be contracted. The company is currently preparing an environmental health and safety management plan.
The Environmental Review Summary is expected to be at the Public Information Center on/or about March 29, 1996.
Date SPI sent to PIC March 8, 1996
For additional information contact: Corporate Relations Unit - telephone: (202) 473-7711 - facsimile: (202) 676-0365.
l:\malawi\mwaiwatu\spi
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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