HealthCap Africa Urges Pension Funds to Finance Healthcare
Kayode Tokede As international donor funding from USAID and other foreign assistance programs for healthcare continues to shrink, leading financial stakeholders convened by HealthCap Africa, at its Private Markets &
As domestic donor funding for healthcare in Africa dwindles, a group of financial stakeholders convened by HealthCap Africa emphasized the need for a more robust domestic capital ecosystem to finance the continent's vital healthcare requirements. The invitation-only roundtable, themed "Healthcare as an Asset Class," took place in Lagos alongside HealthCap Africa's Annual General Meeting, with pension fund representatives from institutions managing over $5 billion in assets under management.
Dr. Ola Brown, Founder and General Partner of HealthCap Africa, highlighted the success of Quadria Capital, a healthcare-focused investment platform in India, as an example of the potential impact of sustained private investment. Quadria Capital has raised more than $1 billion and boasts an asset base of over $4 billion. Brown noted that India serves as a model of how private capital can bolster healthcare infrastructure, with a significant decline in maternal mortality rates over the past two decades—from 384 to 80.5 per 100,000 live births—between 2000 and 2023.
Dr. Mories Atoki, CEO of ABC Health, echoed the sentiment that more early-stage investors are required to foster growth in Africa's healthcare sector. Atoki stressed that there's no such thing as an unbankable project; instead, what's needed is a risk-investor match. This could be achieved by investing in the early-stage ecosystem, ensuring that both emerging and established investors find suitable opportunities to support the sector's expansion.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
