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ICL offers world-class laboratory services in Africa’s second most populous country, Ethiopia. ICL is the leading provider of laboratory services in Ethiopia with 6 locations in Addis Ababa and 7 branches across the country. ICL is the only laboratory in Africa to be accredited by the Joint Commission and certified by the Center for Disease Control and Prevention and the College of American Pathologists (CAP), while also being the exclusive referral partner for both Bioscentia and LabCorp. The Fund acquired a stake in ICL in the beginning of 2015. Since the investment, the Fund has e.g. supported ICL in implementing an ERP system and in opening one of Africa’s most advanced pathology department. Going forward the target is to develop ICL into a leading regional player and thus further improve the healthcare environment in Africa.

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