Zhende Medical Ethiopia Client Preparation

completed

This Upstream Project entails an opportunity for IFC to support Zhende Medical Co. Ltd. in the early-stage development of establishing a medical supplies manufacturing plant in the Kilinto Industrial Park in Ethiopia. Zhende is a company engaged in research and development, manufacturing, and sales of medical supplies. These medical supplies are among the key healthcare products that countries have been striving to access in their fight against the pandemic to protect their healthcare workers and reduce the spread of the virus. The Project intends to invest in phases over three years, with the facility ultimately producing multiple products, including gowns, gauze, PPEs, syringes, and other medical supplies. The proposed Project requires Upstream support to complete financial, legal, and insurance analysis before proceeding to the investment stage. IFC intends to provide project preparation support required to complete technical and financial feasibility through managing and co-funding external consultants and deploying IFC's in-house expertise and resources to get the project ready for financial close.