Donor attention has yielded remarkable efforts to fight HIV/AIDS, tuberculosis, and malaria. But most of the region lacks the infrastructure to deliver health care and faces a severe shortage of trained medical personnel. As Africa’s economies improve, the demand for good quality health care will only increase further.
Based on the research in a new report, IFC estimates that over the next decade, $25-$30 billion in new investment will be needed to meet Africa’s health care demand.
The Private Sector’s Role
The private sector already delivers about half of Africa’s health products and services. It calls for a close partnership between the public and private sectors, including improvements to regulatory oversight of private health care, and outlines ways that the private sector could be better engaged to improve its sustainability.
Rather than serving only the rich, in Africa today the private sector is sometimes the only option for health care in many rural areas and poor urban slums. A poor woman in the region is as likely to take her sick child to a private hospital or clinic as to a public facility.
Private providers, including for-profit and not-for-profit enterprises, also fill an important medical need by offering products and services that are not otherwise available, such as advanced medical equipment and procedures and higher-quality services.