Evelyn Castle is a pioneering health executive and impact investor whose career has been dedicated to strengthening Africa’s healthcare systems and advancing inclusive economic growth. Over the past 15 years, she has co-founded and led three mission-driven ventures – eHealth Africa, EHA Clinics and eHA Impact Ventures – that collectively address both the supply and demand sides of the impact investing ecosystem.
Castle’s journey began in 2009 when she co-founded eHealth Africa (eHA), a nonprofit that became instrumental in deploying data-driven public health solutions across West Africa. Under her leadership, eHA raised over $250m and played a pivotal role in eradicating the wild polio virus in Nigeria and containing Ebola outbreaks in the region. The organisation grew to employ more than 1,200 staff across four countries, becoming a key player in strengthening public health infrastructure.
In 2018, recognising the need for accessible, high-quality primary care, Castle co-founded EHA Clinics, a for-profit healthcare provider in Nigeria (and one of this year’s Africa Impact Investment Awards shortlisted candidates). The clinics integrate technology and community-based
services to deliver affordable care, particularly targeting underserved populations. EHA Clinics has expanded its reach through strategic investments, including a $2m equity infusion from eHA Impact Ventures to enhance primary healthcare access in Nigeria.
To further bridge economic barriers to health and empower women entrepreneurs, Castle launched EHA Impact Ventures in 2021. This philanthropic impact investing enterprise supports early-stage, high-impact, women-led businesses in Africa by providing flexible funding options and shared business resources. The fund has invested over $5.5m in women-founded enterprises, contributing to job creation and improved healthcare outcomes.
Castle’s integrated approach to impact investing – combining healthcare delivery, economic empowerment and gender equity – has positioned her as a leading figure in Africa’s development landscape. Through her ventures, she continues to drive systemic change, fostering sustainable solutions that improve lives and strengthen communities across the continent.
Honours, awards & grants
- 2016 Building a Sustainable Future Financial
Tools & Techniques - 2010 2nd place in Project Implementation –
12th Annual Bay Area International Health
Interest - 2010 Strauss Foundation Scholarship
Recipient - 2010 Rick Hooper Foundation Scholarship
- 2009 eHealth Champion – Society for
Telemedicine and eHealth in Nigeria - 2009 Honourable Mention – UC Berkeley
Big Ideas Competition for Technology in
the Interest of Society (CITRIS).
Share
This research report was issued by Krutham South Africa Pty Ltd.
Krutham aims to deliver impartial and objective assessments of securities, companies or other subjects. This document is issued for information purposes only and is not an offer to purchase or sell investments or related financial instruments. Individuals should undertake their own analysis and/or seek professional advice based on their specific needs before purchasing or selling investments.
The information contained in this report is based on sources that Krutham believes to be reliable, but Krutham makes no representations or warranties regarding the completeness, accuracy or reliability of any information, facts, estimates, forecasts or opinions contained in this document. The information and opinions could change at any time without prior notice. Krutham is under no obligation to inform any recipient of this document of any such changes.
No part of this report should be considered as a credit rating or ratings product, nor as ratings advice.
Krutham does not provide ratings on any sovereign or corporate entity for any client.
Krutham, its directors, officers, staff, agents or associates shall have no liability for any loss or damage of any nature arising from the use of this document.
Disclosure
The opinions or recommendations contained in this report represent the true views of the analyst(s) responsible for preparing the report. The analyst’s remuneration is not affected by the opinions or recommendations contained in this report, although his/her remuneration may be affected by the overall quality of their research, feedback from clients and the financial performance of Krutham group entities.
Krutham staff may hold positions in financial instruments or derivatives thereof which are discussed in this document. Trades by staff are subject to Krutham’s code of conduct which can be obtained by emailing mail@krutham.com.
Krutham may have, or be seeking to have, a consulting or other professional relationship with the companies, sovereigns or individuals mentioned in this report. A copy of Krutham’s conflicts of interest policy is available on request by emailing mail@krutham.com. Relevant specific conflicts of interest will be listed here if they exist.
- Krutham provides independent advice and independent research to a wide range of investors and financial institutions on Eskom, Denel, Transnet, Land Bank and SAA. Krutham’s interactions with all clients on Eskom, Denel, Transnet, Land Bank and SAA may include business confidential information but does not include MNPI and so does not provide a conflict. Krutham does not ‘act’ or ‘advocate’ for or ‘represent’ any of these clients. Krutham has regular interactions with government, Eskom, Denel, Transnet, Land Bank, SAA and other related entities connected with the SOE situation but does not provide paid consulting services or paid advice to any of these entities. These interactions are governed by Krutham’s own conflicts of interest policy as well as secrecy rules of the respective institutions or state-owned companies.
- Krutham provides a range of services into ‘organised business’ groupings in South Africa, which includes independent bespoke research and advice. Krutham is compensated for these services. Krutham does not ‘act for’ or ‘advocate’ for or ‘represent’ any of these clients.
- Krutham is currently involved in policy design work on a number of government priorities.
Copyright © 2023. All rights reserved. This document is copyrighted to Krutham South Africa Pty Ltd.
This report is only intended for the direct recipient of this report from a Krutham group company employee and may not be distributed in any form without prior permission. Prior written permission must be obtained before using the content of this report in other forms including for media, commercial or non-commercial benefit.
