Investment into Health in Africa

by Developed Africa 1. October 2013 09:00

The recent announcement from the UN that they are investing $700bn into Women and Children's health in poor countries, it seemed timely to look into the investment in health in Africa. 

The Bank Group's Presdient, Jim Young Kim, explained the investment:

The World Bank Group is committed to using evidence-based approaches to help ensure that every woman and every child can get the affordable, quality health care necessary to survive and live a healthy, productive life"

There is much material depicting the African health landscape, most of which is arguing that it looks as though it is going to see a positive boom in the coming years. A press release from the Africa Healthcare Summit 2014 describes the opportunities for healthcare:

The economic boom in many African countries has fuelled demand for improved healthcare. As governments try to meet demand and begin to implement universal health schemes, and the Africa sector undergoes "major policy, system and infrastructural changes", investor opportunities are increasing tenfold"

As long as the boom in various countries' is utilised correctly, a real difference could start to be made in healthcare, and especially as the World Bank has stepped up with its investment. This move should hopefully encourage further investment. A blog from the World Bank confirmed how now is the perfect time to invest:

There is no doubt that investors can expect strong returns, it is estimated that, by 2015, Sub-Saharan Africa's healthcare market will rocket to $35 billion. Fedre Meiring, associated director of the Corporate Finance Divisiion of Delitte posits that: "The healthcare sector appears to be well placed to take advantage of both the expected growth on the African continent and the relatively high proportion of global disease in Africa""

So there is strong support for the notion that investing in healthcare now is a good idea, and not only will the investors benefit, this will contribute to Africa's overall development. 

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