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Egyptian healthcare firm Alameda enters Kenya in expansion drive
(L-R) Dr. Amira Hamouda, Chief International Business Development Officer, Alameda Group, H.E. Fredrick Otieno Outa, the Ambassador of the Republic of Kenya to Egypt, Mr Neeraj Mishra, CEO of Alameda Healthcare Group and H.E. Hatem Youssri, Ambassador of the Arab Republic of Egypt to Kenya during the inauguration of the Alameda clinic in Nairobi which is set to bring world class specialized care to Nairobi.
Alameda Healthcare, a private healthcare provider in Egypt, has opened a specialist consultation clinic in Nairobi as part of a Pan-African expansion.
The Sh32.5 million ($250,000) clinic offers outpatient specialist consultations in neurosurgery, renal care, cardiothoracic surgery, cardiac sciences, oncology, orthopaedics, spine care, and gastrointestinal and liver diseases.
The company plans to establish a hospital in the Kenyan capital within two years estimated to cost Sh9.75 billion ($75 million).
"Nairobi is a natural gateway for our regional ambitions, and this clinic reflects our long-term commitment to improving health outcomes across the continent," Neeraj Mishra, the Alameda Healthcare Group's chief executive, told the Business Daily.
He added that the facility plans to expand to include radiology and laboratory services as it transitions toward becoming a fully-fledged hospital.
For now, patients requiring advanced procedures will be referred to local facilities and to Alameda’s network in Egypt for services not available in Kenya, at lower prices.
However, once the hospital is operational, the company intends to provide these services locally, including kidney, liver, and bone marrow transplants, robotic-assisted surgery, and complex cardiac and neurosurgical procedures. Alameda also plans to train Kenyan doctors in these specialised fields over time.
“We plan to grow from a clinic into a polyclinic by investing in radiology and laboratory services, and eventually into a fully-fledged hospital. Over the next two years, we expect to establish a proper hospital here,” said Mr Mishra.
The launch of the clinic is the latest in a series of Egyptian ventures into Kenya’s healthcare and financial sectors.
After raising $40 million (Sh5.2 billion) in a Series D funding round, the Egyptian telemedicine platform Vezeeta expanded its digital health services into Kenya, bringing online consultations and health management tools to the market.
In the banking sector, Egypt’s Commercial International Bank acquired a 51 percent stake in Mayfair Bank Kenya for $35.35 million (Sh4.6 billion) in 2020, completing a full buyout in January 2023 and rebranding the lender as CIB Kenya.
The proposed hospital is expected to cost between Sh6.5 billion and Sh9.75 billion, depending on its size. The company is currently considering whether to build a new facility or acquire and upgrade an existing hospital, and discussions are already underway with potential partners. The company is considering a capacity of between 100 and 120 beds in Nairobi.
The hospital recently raised $190 million (Sh24.7 billion) from Development Partners International to support the addition of 1,000 beds across its network, some of which will be allocated to its Kenyan operations.
“We are currently exploring opportunities, including discussions with existing hospital owners. If the right opportunity arises in terms of pricing and strategic fit, we may acquire and upgrade an existing facility. Typically, hospital investments range between Sh52 million and Sh65 million per bed. This means a 100-bed hospital would require an investment of approximately Sh6.5 billion to Sh9.75 billion,” said Mr Mishra.
Alameda currently operates more than 1,000 beds, 128 clinics, and nine polyclinics across Egypt. The organisation, which is worth around $1 billion, also runs a hospital in Port Harcourt, Nigeria, and has three new hospitals under development in Cairo. It is also exploring expansion into Saudi Arabia.
In Kenya, the company is collaborating with Jaramogi Oginga Odinga Teaching and Referral Hospital in Kisumu on kidney transplant programmes and collaborating with Kenya International Hospital on surgical services, while discussions with Kenyatta National Hospital are ongoing.
