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Wellcome Trust To Invest $1.5B In Africa

Wellcome Trust is planning to invest around $1.5 billion in Africa as a part of its plan to increase exposure to the country.

Wellcome Trust is planning to invest around $1.5 billion in Africa as a part of its plan to increase exposure to the country, IPE reports. The investment of the medical foundation will be completed over the next five years.

Currently, Wellcome Trust has $500 million of capital invested in the continent and is aiming to increase it to $600 million by the end of 2011. So far, it has struck three investment partnerships in Africa, two of which are private equity investments.

Click here for the story from IPE.

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