Heritage Bank backs AFRICANMED to lessen medical tourism

Heritage Bank backs AFRICANMED to lessen medical tourism

Heritage Bank Plc, Nigeria’s state-of-the-art banking company, has announced a partnership with AFRICANMED and the Chinese community in Nigeria targeted at developing the country’s health sector and decreasing the rate of medical tourism by Nigerians. 

MD/CEO, Heritage Bank, Ifie Sekibo who disclosed this at the maiden edition AFRICANMED exhibition of top brands of medical equipment from China in Lagos recently, said there’s an urgent have to decrease the huge forex which Nigerians spend each year on medical tourism.

He explained that Heritage Bank would think it is an easy task to provide finance for interested buyers of the medical equipment from China since it already includes a robust correspondent banking relationship with DeutscheBank of China and Access Bank of China. The partnership, he said, would enable Heritage Bank to seamlessly open letters of credit for interested buyers.

Olugbenga Awe, Group Head, Export and agric, Heritage Bank, who represented Sekibo, said since a number of the equipment cost huge amount of money, the bank wouldn’t normally expect the buyers to tie down such heavy sum of money, adding that the lender will support interested buyers with robust loans that may enable them to obtain the gear and repay over an interval of 2 yrs.

“We have been willing and prepared to support with funding as as this equipment are worried far,” he said, adding that the lender is dealing with AFRICANMED to build up a bespoke solution which will enable prospective buyers to get the products as the bank pays with the person.

He said the recent $2.5 billion currency swap deal between your Central Bank of Nigeria (CBN) and the Chinese central bank would help because the bank could have enough funding during that arrangement to meet up the requirements of interested buyers.

AFRICANMED was recently create in Nigeria to congregate top brands of Chinese medical equipment and healthcare solutions provider companies concentrating on the “Collection of made-in-China products Intelligently, to serve the African people.”

Based on big data of medical supply chain, the business provides comprehensive offline and online service platforms for several forms of African medical institutions, hospitals, specialist care, medium-sized and small distributor financing, inventory and procurement using Nigeria because the hub of its operation on photography equipment.


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Also, Group CEO of AFRICAMED, Mrs. Rainy Liu, said the maiden edition of the exhibition, that was such as a launch, was organised to generate awareness concerning the ongoing company among Nigerians. She said you will find a dependence on Nigerians to learn that the business has arrived at provide best medical equipment and healthcare solutions from China to Nigeria and all of those other African continent at affordable cost.

Liu said the target would be to make healthcare solutions accessible and affordable to the masses in Nigeria along with other African countries, remarking that besides Nigeria, the ongoing company has offices in Ghana, Uganda, Kenya, South and ethiopia Africa.

She said you can find professional teams in China that focus on quality control through detailed screening so as to make sure that customers choose the best cost-effective products.

“The teams likewise have stringent supplier selection and evaluation system to ensure the medical products represent probably the most advanced technology and the very best quality in China

“Besides this, they will have signed strategic cooperation agreements with an increase of than 50 well-known brand manufacturers & most of these are listed companies, such as Mindray, Neusoft, WDM, Aeno, Yuwell, Lifetech, David DIRUI, WEGO, Winner, EDAN and sonoscape, among others, in order to avoid your being confined to the substandard No Name brands that swarm into Chinese open market.”

The Group CEO said the ongoing company gets the most dedicated sales teams in Africa to supply pre-sales, on-sales, and after-sales consultancy, which may help reduce transaction costs and processes of medical equipment, making medical equipment procurement easier thereby.

She said in reaction to the popular for repetitiveness and taking the wishes of customers under consideration, the business would formulate centralized container purchasing and periodic inventory replenishment system in order that buyers could truly enter the era of digital management of medical equipment procurement.

The company also offers online professional after-sales teams with a nationwide target greater than 100 engineers allocated in various states and cities in order that customers could easily get quick professional services once they go through the service requests.

The company’s online platform will undoubtedly be designed for use by medical outfits to join up on and open their online store to create their inventory information and trade online.