Advantage Health Africa, a leading healthcare company focused on access, affordability, and quality in emerging economies, participated in Baraka Impact Finance’s World Health Assembly Event held on the 26th of May 2023. The event aimed to mobilize private capital for global health innovation, addressing crucial aspects of healthcare and leveraging data for actionable insights.
Baraka Impact Finance, dedicated to catalyzing private sector investment in health innovation, organized the event. Companies addressing prevention, detection, treatment, and data analysis were the focus, with a goal of achieving Sustainable Development Goal 3 targets.
Advantage Health Africa showcased its hybrid model delivering medicines, supporting pharmacies, and securing funding from angel investors, institutions, and grants. Challenges highlighted included effective communication with investors, prolonged discussions, currency devaluation, and limited funding options from traditional banks.
Despite challenges, Advantage Health Africa is committed to expanding its network and implementing software solutions. Their data collection benefits pharmaceutical companies, suppliers, funders, and public health organizations.
Other innovators like MamoTest and Zuri Health, focused on breast cancer diagnosis and democratizing healthcare, respectively, also shared their experiences.
The panel discussions emphasized funding, data-driven impact measurement, and collaboration. Private capital, mainstream investor engagement, and partnerships were identified as key for catalytic solutions.
Advantage Health Africa’s participation highlights their commitment to leveraging private capital and technology for improved healthcare access. Their dedication contributes to achieving Sustainable Development Goal 3, ensuring healthy lives for all.
The World Health Assembly Event fostered collaboration and innovation in global health, reinforcing the importance of private capital. Advantage Health Africa remains at the forefront of this transformative journey, inspiring hope for a brighter future in emerging economies. Join us in making quality healthcare accessible to all as we strive towards a healthier world, fueled by Advantage Health Africa’s dedication and innovative solutions.
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