BlueEarth Capital says it has committed N$198 million (US$11 million) in private credit funding to Salt Capital, which will use the funds to acquire Rhino Park Holdings and fund the expansion of the private hospital.
The investment marks BlueEarth’s first venture into healthcare and the issuance of its second sustainability-linked loan.
According to Head of Private Credit at BlueEarth, Amy Wang, the funding facilitates Rhino Park’s acquisition by Salt Capital, a Southern Africa-focused private equity firm, and supports the hospital’s expansion plans.
Key initiatives include developing a state-of-the-art operating theatre for advanced surgical procedures, establishing a cutting-edge primary healthcare centre, and introducing MRI imaging facilities. These upgrades are set to enhance the hospital’s capacity and quality of care.
“We hope that this investment will help provide high-quality healthcare to an increasing number of patients and support the steady improvement of overall health outcomes. Healthcare has long been a priority vertical impact at Blue Earth Capital, and we are very excited to complete our investment alongside these trusted partners. We are also particularly proud to continue driving forward the practice of linking impact with financial return with our second sustainability-linked loan,” Wang said.
Rhino Park, Namibia’s second-largest private hospital, is at the forefront of tackling critical healthcare issues such as maternal mortality and neonatal disorders.
These conditions are among the most pressing health challenges facing the nation today, according to Rhino Park CEO Martin Van Niekerk.
Currently, home to the largest obstetrics department in the country, Rhino Park is uniquely positioned to combat these issues and improve health outcomes.
Niekerk further explained that beyond patient care, Rhino Park is committed to advancing Namibia’s healthcare sector by offering nursing student placements and providing study loans to its staff, ensuring a sustainable pipeline of skilled health professionals.
“This funding will allow us to expand our facilities, invest in advanced medical technologies, and increase our capacity to serve our community. Our commitment to providing exceptional, caring, dignified and affordable patient care to the people of Namibia remains unwavering, and this expansion will position us to better meet the growing needs of our patients and families in the years to come,” he said
BlueEarth Capital is a global impact investment firm headquartered in Switzerland, with offices in New York, London and Konstanz.
The company addresses critical social and environmental challenges by delivering measurable impact alongside competitive financial returns.
It offers private equity, private credit, fund solutions and managed accounts. Owned by the Blue Earth Foundation, a Swiss charity, the firm focuses on fostering equitable and sustainable initiatives.
Established in 2012, Salt Capital is a private equity fund manager specialising in providing growth capital to small and medium-sized enterprises (SMEs) across sub-Saharan Africa. Operating from offices in London and Johannesburg, the firm’s four partners have a proven history of successful private equity investments, with a primary emphasis on the African consumer market.
