Public-Private participation in healthcare is failing the majority of Africans. There is a need for a new and more effective approach. This one-day Forum, already being dubbed “the African Davos”, will bring together Africa’s foremost CEOs and business leaders as well as a number of heads of state, ministers and health experts to start thinking differently about how we need to collaborate to tackle health challenges in the continent.
Through greater dialogue, collaboration and by putting some of Africa’s most entrepreneurial minds together, we are convinced that we can bring innovative and creative solutions to the problem as well as channel more capital whilst mitigating risks for greater investment.
Why a health forum?
To fully leverage Africa’s potential, it is critical to overcome the challenge posed by deficiencies in health. Despite the great strides in the improvement of certain social indicators, Africa still has the lowest average life expectancy and some indicators such as infant and child mortality rates are two times the global average.
Governments alone cannot be expected to tackle this problem. And home to the world’s fastest growing population, urgent action is needed now to put together the foundations for a healthier, and more productive, future for all Africans.
What we aim to achieve?
The Africa Business: Health Forum seeks to convene public and private sector industry stakeholders to advance health outcomes. Following on from the Forum, we will build a coalition of private sector players across the continent to put health at the centre of their human capital strategy and for the private sector to channel capital and innovations towards the health sector.
It is already happening. In Nigeria for example a number of foundations have geared their activities towards health, funding startups and platforms to foster entrepreneurial activity in health care. By scaling such initiatives to the whole continent and mobilising private sector capabilities to focus on innovation, partnerships, advocacy, and impact investments, you can literally save millions of lives. This is not just doing good, but changing the business paradigm through greater productivity and greater development.
Lastly, the underexploited African health sector represents a wealth of opportunity, which offers quick wins and provide avenues for collaborations in other sectors.
For our launch Forum, the dialogue will be centered on Health as a Major Economic Driver, including discussion of Domestic Mobilisation of Funds for Health and necessary Health Research & Innovation, with insights from successful Partnerships between public and private sectors.