Challenge
More than 600 million people in Africa lack access to basic healthcare services, and overall health spending in Africa remains inadequate to meet increasing healthcare demands. Africa is home to over 16 percent of the world’s population and shoulders 23 percent of the global burden of disease, but it accounts for just one percent of annual global health expenditures.
Solution and Impact
A DFC equity investment of up to $10 million in AfricInvest’s Transform Health Fund will support investments in Africa’s healthcare services and health supply chain sectors, increasing healthcare access for low-income populations.
The Transform Health Fund invests in small and medium enterprises working in the medical device manufacturing, pharmaceutical supply chain, primary care, and digital health sectors. These companies offer products and services to patients across Africa to strengthen health systems and boost pandemic preparedness.
This project was profiled in 2023.