Condia Insider: Why Venture Capital alone can’t save African Healthtech
- In October 2024, African government officials gathered in Kigali for a healthtech policy summit, pledging collaboration and support for startups.
- MedSaf, a Nigerian healthtech startup, shut down due to mounting debts and unpaid receivables, highlighting the fragility of the sector.
- Studies indicate that 22.6% of medicine samples in Africa are substandard or falsified, undermining trust in pharmaceutical supply chains.
The healthtech landscape in Africa is at a critical juncture where innovative solutions are stifled by systemic issues. Without robust government support and a shift towards hybrid funding models, the potential of healthtech to transform healthcare delivery remains largely unfulfilled. A concerted effort is needed to align healthtech initiatives with national priorities and ensure sustainable funding mechanisms.
