• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Axa Mansard And IFC To Build Hospitals

Onome Ohwovoriole by Onome Ohwovoriole
April 13, 2017
in Company News
AXA Mansard Investments Launches Two New Mutual Funds
Share on FacebookShare on TwitterShare on Linkedin

Nairametrics|Insurer AXA Mansard and the International Finance Corporation (IFC) have commenced discussion on the establishment of a multi specialist hospital and healthcare centres in the country. The location and estimated cost of the facilities have not been stated.

The healthcare sector in the country is one plagued with several issues. Hospitals owned by government are poorly funded and often overstretched beyond capacity. Private hospitals have fees that are beyond the reach of the common man. Nigeria has one of the highest infant mortality rates in the world at 71.2 deaths for every 1,000 live births. Maternal mortality rates are also high at 814 deaths for every 100,000 live births. The dire state of the healthcare sector was illuminated by President Muhammadu Buhari’s trip to the United Kingdom for medical treatment. The president also intends to fly in his doctors from the UK to continue his treatment.

This shows a clear need for affordable, yet quality healthcare. The collaboration between the IFC and Mansard is beneficial to both companies and the nation as a whole. For Mansard, the hospital will be a form of backward integration as the company already provides health insurance and has a health maintenance organization (HMO). This will enable Mansard to provide cheaper packages for its customers. For the IFC, the proposed investment will be one of several it has made in the country. The organization had previously provided finance for Aiico Insurance to expand its retail insurance and is one of the financiers of the 450MW Independent Power Project (IPP) located in Edo State.

RelatedStories

FCT High Court, Benjamin Joseph, zinox

FG denies forcing eminent Nigerians to testify in reported ‘Mambilla Arbitration Case’ in Paris 

January 19, 2025
2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 

2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 

January 9, 2025

The International Finance Corporation (IFC) was established in 1956 and is the private sector arm of the World Bank Group. It provides both finance and technical advice for private sector projects all over the world. The IFC currently has a billion dollar portfolio in the country.

AXA Mansard was incorporated in 1989 and was previously owned by GT Bank until the bank sold its stake in line with a CBN policy for banks to form a holding company or divest from non core subsidiaries. French insurer, AXA bought majority stake in the company in 2014.

Tags: Business NewsFinancial ServicesGT BankMuhammadu Buhari
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

FCT High Court, Benjamin Joseph, zinox
Legal & Regulations

FG denies forcing eminent Nigerians to testify in reported ‘Mambilla Arbitration Case’ in Paris 

January 19, 2025
2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 
Budget

2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 

January 9, 2025
NUPRC,
Exclusives

Haril Global Solutions asks Court to unfreeze its N1.1 billion, cites alleged misrepresentation by EFCC, Globus

July 23, 2024
GTCO,Afex Commodities Exchange
Bank Recapitalization

What GTCO plans to do with its N400.5 billion capital raise

July 9, 2024
NNPCL,
Energy

NNPC denies report of N3.3 trillion inflated subsidy claims 

June 10, 2024
food importation, President Bola Tinubu
Health

President Tinubu approves N150,000 grant for MSME clinic participants in Nigeria  

June 7, 2024
Next Post
CBN Approves $10k Per Week FX Sale To BDC’s

CBN Increases Borrowing Cap To 125% of Shareholders’ Funds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  
  • Top MD/CEOs of Asset Management Companies in Nigeria 
  • Nigeria Immigration opens visa amnesty for foreigners with expired documents, sets September 30 deadline 

Follow us on social media:

Recent News

President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  

President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  

July 6, 2025
Top MD/CEOs of Asset Management Companies in Nigeria 

Top MD/CEOs of Asset Management Companies in Nigeria 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics