Africa has more middle-class households (defined as those with incomes of $20,000 or above) than India. Hospitals in Africa will require more private-pay patients to be profitable especially when consumer expenditure on the continent has grown at a compound annual rate of 3.9 percent since 2010 and is expected to reach $2.1 trillion by 2025, and $2.5 trillion by 2030. By 2030, the largest consumer markets will include Nigeria, Egypt, and South Africa. 

WHO estimates that in countries with less than $1000 per capita income, out of pocket expenses are more than 40% of the health expenditure.  With the increasing prevalence of chronic conditions in Sub-Saharan Africa (SSA), a larger proportion of the poor is expected to pay for their healthcare through out-of-pocket spending.

Many Diaspora members in the US, Canada and other countries have been contributing within their means. African Governments along with the Multilateral as well as Development partners have been engaged in mobilizing the necessary funds to address the surging COVID19 crisis in Africa.

In that respect, the Embassy of Ethiopia in the US under the leadership of his Excellency Ambassador Fitsum Arega has been mobilizing financial support from friends of Ethiopia ( companies, investors and other stakeholders). For those able to contribute officially, a COVID19 Fundraiser bank account has been setup to make your contribution seamless. 

If you choose to make the payment by check, please make it payable to the Embassy of Ethiopia

Please note, we are extending this message from the Embassy as we are not organizing this fundraiser.

Some reports estimate that the global health worker shortage will be 14.5 million by 2030 and the African region with 6.1 million. IFC estimates that over the next decade, $25-$30 billion in new investment will be needed to meet Africa’s health care demand, and the healthcare market is anticipated to reach the valuation of USD 62 Billion by 2024. The demand for investment over the next decade, includes:

About half of the investments are expected to be made by for-profit entities, with the rest spread between social enterprises and nongovernmental organizations. Most opportunities will be in the small and medium enterprise sector.

MOBILE PHONES. TABLETS.

TELEMEDICINE. 3D PRINTING.

Medical drones are solutions which mostly by-pass traditional infrastructures or national regulations and cost less than the unusual medical equipment. African countries should invest in 21st century solutions.