Africa Healthcare Network secures $20m for continent-wide expansion

Key Takeaways

As Africa's population continues to grow, the demand for dialysis is expanding proportionally, creating a need for increased services in the healthcare sector. AHN anticipates a 20% year-on-year growth in the number of patients requiring dialysis. The demographic growth in the continent presents an opportunity for private providers, especially considering that many African healthcare systems are evolving from a relatively low starting point. Factors such as increased urbanization and improvements in education contribute to the emergence of new business opportunities in African healthcare. The healthcare sector in Africa is projected to generate $673 million in revenue in 2023. With an annual growth rate of nearly 13%, the market volume is expected to approach $1.1 billion by 2027, according to data from Statista. The need for private services is emphasized by the fact that, on their own, African hospitals typically do not generate profits from providing dialysis care. This underscores the significance of private providers like AHN in addressing the growing healthcare demands and ensuring the availability of essential services for the increasing population in Africa.