Unlocking healthcare investments in East Africa
With a high disease burden, Africa’s spend on the healthcare financing remains low for most Governments. This huge gap in spending outcomes is now attracting investors using tech innovations to help bring down the cost of healthcare. Wilfred Njagi, Chief Executive Officer, Villgro Africa spoke CNBC Africa for more.
Fri, 17 Feb 2023 15:07:44 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Investors, including big pharmaceutical companies, are increasingly supporting healthcare startups and homegrown solutions tailored for African populations to address key barriers to healthcare access in East Africa.
- Tech innovations in supply chain management, financial solutions, telemedicine, and virtual hospitals are making significant strides in improving healthcare access for underserved populations in the region.
- While investments in healthcare startups are on the rise, there is a need for more investors to bridge the funding gap between early-stage startups and larger funding rounds to support the growth and scalability of healthcare innovations in East Africa.
With a high disease burden and low healthcare financing from governments across Africa, there has been a growing interest from investors looking to leverage technology innovations to reduce the cost of healthcare in the region. Wilfred Njagi, Chief Executive Officer of Villgro Africa, shared insights with CNBC Africa on the emerging trends in healthcare investments in East Africa. Njagi highlighted the increasing number of players in the market, including big pharmaceutical companies such as Johnson & Johnson, Boringa Ingleham, and Sanofi, who are actively supporting healthcare startups and homegrown solutions tailored for African populations. The focus is on addressing key barriers to healthcare access, which include supply chain challenges, financial barriers, physical barriers, and shortages of human resources for health. Njagi pointed out that innovations in areas such as supply chain management, financial solutions, telemedicine, and virtual hospitals are making significant strides in overcoming these barriers and improving healthcare access for underserved populations. As investments in healthcare startups continue to increase, Njagi emphasized the need for more investors to bridge the gap in funding between early-stage startups and larger funding rounds to support the growth and scalability of healthcare innovations in the region.
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