RENEW Strategies

RENEW Closes Investment into East Africa Emergency Services LTD

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Emily Ziethen
| May 26, 2015

Members of the Impact Angel Network (IAN) recently closed an investment into East Africa Emergency Services LTD (EAES). The company will serve providers of emergency medical services and training in East Africa, in order to ensure that international and domestic clients have access to reliable, high-quality emergency response care. The company will work in partnership with local firms. EAES will offer business development, procurement and administrative support to emergency service providers operating across East Africa. The investment seeks to help medical service companies operate more efficiently and to free them up to focus on their core functions, primarily caring for patients in crisis. In meeting this need, EAES aims to improve the quality and scope of emergency services for thousands across East Africa and create jobs for Ethiopians, while generating attractive returns for investors.

Members of the IAN from Atlanta, Georgia met with an Ethiopian service provider and toured their facilities during a recent Econ-Tourism trip to Ethiopia hosted by RENEW. “We are excited about the impact and growth story of this company,” said one investor.

The investment in EAES, like others the IAN has made into small and medium enterprises (SMEs) in East Africa, is anticipated to have a significant impact in the local economy. Some of these investments are made possible through support from the U.S. Agency for International Development’s (USAID) Ethiopia Agricultural Growth Program – Agribusiness and Market Development (AGP-AMDe), and the Pastoralist Areas Resilience Improvement through Market Expansion (PRIME) program.

There is a great need for increased emergency services in East Africa, and I am grateful for the support from USAID and RENEW’s Impact Angel Network in launching East Africa Emergency Services, Ltd," commented Tebita founder, Kibret Abebe Tufa recently. "We are confident that Tebita’s partnership with EA ES will save many lives in Ethiopia and East Africa and provide the foundation for bringing world-class emergency services to the region." RENEW first met Mr. Abebe Tufa in January 2014 at an event sponsored by HANSHEP Health Enterprise Fund, which is a USAID and DFID co-funded challenge fund that seeks to identify and support innovative, early-stage enterprises that increase access to health services for low-income populations in sub-Saharan Africa.

This is the IAN’s fourth investment since 2013.

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