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Djibouti minister urges more private sector investments in Africa’s heath sector
Africa needs a lot more private capital in its health sector for the continent to flourish. This is according to Ilyas Mousa Dawaleh, Minister of Economy and Finance of the Republic of Djibouti who spoke to CNBC Africa's Wole Famurewa on how the private sector players can help the growth of Africa’s health sector.
Thu, 14 Feb 2019 08:38:29 GMT
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AI Generated Summary
- The critical need for private sector participation in addressing gaps within Africa's healthcare systems
- The significance of creating conducive business environments and offering incentives to attract private investments in the health sector
- The potential benefits of regional collaboration and harmonized healthcare systems in advancing public health agendas
The Minister of Economy and Finance of the Republic of Djibouti, Ilyas Mousa Dawaleh, has called for an influx of private capital into Africa's health sector to foster growth and development. In an exclusive interview with CNBC Africa's Wole Famurewa, Minister Dawaleh emphasized the critical need for private sector participation in addressing the significant gaps within the continent's healthcare systems. Recognizing the limitations of government resources, Minister Dawaleh highlighted the pivotal role that private sector entities, particularly those from Africa, can play in advancing the health industry across the region.
Minister Dawaleh stressed the imperative for governments to establish conducive institutional frameworks that facilitate private sector engagement in the health sector. He underscored the importance of creating an attractive business environment to entice private investments, particularly in the wake of rapid urbanization trends in many African countries. By enhancing the regulatory landscape and offering incentives to prospective investors, governments can effectively stimulate private sector participation and drive healthcare developments.
Drawing from Djibouti's initiatives, Minister Dawaleh cited the establishment of a state-of-the-art regional hospital as a prime example of successful collaboration between the public and private sectors. Through partnerships with organizations like the Takashukai Foundation, renowned for its healthcare expertise, Djibouti has leveraged private investments to enhance medical infrastructure and bolster the availability of specialized services. Additionally, by implementing strategic fiscal policies that ensure viable returns on investments, Djibouti has fostered a conducive environment for private sector players looking to contribute to the country's healthcare landscape.
Furthermore, Minister Dawaleh proposed a regional approach to healthcare integration, advocating for harmonized health sectors between neighboring countries such as Djibouti and Ethiopia. By aligning their health systems and incentivizing private sector involvement through uniform packages and regulations, these nations can create a seamless healthcare network that transcends borders. Such collaborative efforts not only enhance the quality of healthcare services but also promote regional integration and cooperation in advancing public health agendas.
In conclusion, Minister Dawaleh's advocacy for increased private sector investments in Africa's health sector underscores the transformative potential of partnerships between governments and private entities. By cultivating an enabling environment for private capital inflows and fostering cross-border collaborations, African nations can unlock new opportunities for healthcare innovation and accessibility. As the continent continues to evolve and urbanize, the proactive engagement of the private sector stands as a cornerstone for driving sustainable growth and prosperity in the healthcare industry.
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