Aliko Dangote Foundation, GBCHealth, United Nations Economic Commission for Africa (UNECA), GBCHealth among others have advocated for public private sector partnership to ensure better healthcare for Africans.
Together with Heads of States, ministers, CEOs as well as representatives from the African Union and United Nations which would converge at the inaugural Africa Business: Health Forum (AB:HF) taking place in Ethiopia on February 12, 2019, on the margins of the 32nd African Union Summit, the objective is to drive business leadership, strengthen partnerships, and facilitate investments to change the face of healthcare in Africa.
The forum would unify Africa’s key decision makers in exploring opportunities for catalysing growth in the continent’s economy, through business partnerships to invest in the health sector. It would culminate in the launch of the African Business Coalition for Health (ABCHealth), a coalition that would mobilise a core group of private sector champions through a coordinated platform to advance health outcomes and shape health systems across Africa.
ABCHealth would serve as the regional platform to unlock synergies that would contribute more directly to a healthy and prosperous Africa, enabled by collaboration and business partnerships.
Reiterating the need for business leaders to key into this vision, Aliko Dangote, Group president, Dangote Group and chairman, Aliko Dangote Foundation, said, “The best way to move Africa forward is for businesses to step up in health care and take bold action. We must work together, across industries and with governments and communities, to foster innovation and drive more strategic investments that benefit us collectively.
“The time is now for a new era of cooperation in Africa that will position its people, communities and businesses for success, now and in the future,” he said, adding that good health was not only an outcome of, but also a foundation for development.
African business entrepreneurs are waking up to the reality that good health is good business, and investing in health is both a business and social imperative with studies showing that by 2030, business opportunities in health and wellness sector would reach $1.8 trillion in current prices.
Aigboje Aig-Imoukhuede, co-chair, GBCHealth said, “From a business standpoint, we are beginning to see the opportunities that could be created by focusing on improving and investing in health. There is a need to close the gap on the inequality of life in Africa from a healthcare standpoint and we must look to develop a universal plan that shifts the needle as far as healthcare in Africa is concerned. Health must cease being a source of pain, and become a source of prosperity instead.”
Vera Songwe, executive secretary, UNECA said, “The Commission will play a role in the design and implementation of policy frameworks around the financing of healthcare through Public Private Partnerships and the private sector. Building on the African Continental Free Trade Area (AfCFTA), this will also encourage regional transboundary health investments especially in the pharmaceutical sector.”
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