• According to a report from the Brookings Institute, an estimated USD 240 billion is required to meet these targets. Shockingly, despite Africa accounting for approximately 16% of the global population and shouldering around 23% of the global disease burden, only about 1% of global health spending is allocated to the continent. Africinvest will be addressing the market gap in providing healthcare financing to businesses on the continent and will supplement their investments with resources to contribute to achieving the Sustainable Development Goal 3 targets which focus on promoting well-being and ensuring healthy lives for all.
• As traditional donor funding falls short in addressing the financing needs of the healthcare sector (particularly donor fatigue following Covid 19) there is a growing recognition of the necessity for innovative blended finance models to back this sector. FSDAi’s investment fills the market gap in the healthcare sector in Africa, enabling healthcare businesses to access commercial capital; successful investment will further attract private capital to augment existing donor funding activity, effectively expanding the overall pool of financial resources available for healthcare.

“We are grateful to our partners who have put their trust in us to support entrepreneurs on the continent to do the critical work of increasing access to quality and affordable healthcare.” Noorin Mawani, The AfricInvest THF Co-fund Manager