Health
Nigeria leads Africa, Attracts $195m Healthcare Investment In Five Years
Nigeria’s healthcare sector in the last five years attracted the highest healthcare Private Equity and Venture Capital investment deals in Africa.
This is according to data obtained from Africa Private Equity and Venture Capital Association (AVCA) April report on PE and VC deals.
Out of the 97 volumes of PE and VC deals reported worth $1.3 billion from 2015 to 2020, Nigeria accounted for 15 percent ahead of Morroco, Egypt, South Africa and Ghana.
The 15 percent share of deals amounts to about $195 million based on Ripples Nigeria estimate.
Morroco came in second as its healthcare accounted for 11 percent share of the PE&VC deals to Africa.
This was followed by Egypt with a deal volume of 10 percent as South Africa and Ghana made the top five list with 8 percent volume of deals each.
Nigeria’s growing population and seemingly low commitment by the Federal government on healthcare delivery has made the country a very attractive market for healthcare Investors.
“The demand for healthcare services in Nigeria is high and will increase with the growth of the population. Unfortunately this rising demand cannot be covered by Nigeria’s weak healthcare system today,” Anthony Abou Nader in June 2019 told a group of healthcare Investors inviting them to invest in Nigeria.
He also projected bigger investment in the next four years for Nigeria’s healthcare sector.
Also, the United Nations Economic Commission for Africa (ECA) estimated health financing gap of US$66 billion per annum in Africa.
The report noted that Nigeria along with many other African countries are yet to fulfil the agreement to allocate 20 percent of its national budget to healthcare, hence present a huge opportunity for private investors to rewrite the narrative.
Health
WHO sets targets to end Mpox outbreaks in Africa
The World Health Organisation, WHO, has set a target of halting mpox outbreaks in Africa within the next six months.
This announcement came as the first vaccine shipments are expected to arrive in the Democratic Republic of Congo, DRC, in the coming days.
Africa, particularly the DRC, with over 18,000 suspected cases and 629 deaths, has received only a fraction of the vaccines to combat the virus.
At a press briefing on Monday, September 2, WHO Director-General, Dr Tedros Adhanom Ghebreyesus expressed confidence in ending the outbreaks, citing strong government leadership and collaborative partnerships.
In August, WHO declared mpox outbreaks a global emergency to spur a more robust international response even though a new strain of mpox known as clade1b, has been identified in many countries, including Burundi, Cameroon, Rwanda, and Kenya.
The potentially more contagious variant of the virus was detected in Congo in May, prompting heightened concerns among health officials.
WHO estimates that approximately 230,000 vaccines could soon be sent to Congo and other affected countries. The WHO is also implementing educational campaigns to inform people in outbreak areas about preventing the spread of the disease.
Africa’s Centers for Disease Control and Prevention has said it aims to receive 380,000 vaccine doses from donors, including the US and the EU, which falls short of the quantity required to eradicate the outbreaks.
Health
No recorded case of mpox in Ogun- Govt
The Ogun State Commissioner for Health, Dr Tomo Coker, on Wednesday said the state has not recorded any case of Mpox across the 20 local government areas of the state.
She disclosed this in a statement made available to journalists in Abeokuta, saying that the state has maintained a high level of surveillance since the global outbreak in 2022.
“Mpox is a disease of public health importance and the World Health Organization (WHO) has declared outbreaks of a more virulent strain in some countries. Some states in Nigeria have also reported outbreaks of Mpox,” she said.
“Ogun State Ministry of Health is aware of this public health threat and has instituted appropriate measures to prevent it, detect it early, and respond as appropriate.
“The last case of Mpox in Ogun State was in May 2023 and no confirmed case has been reported in Ogun State to date.
“As of 18th August 2024, the state surveillance system has reported 151 suspected cases of Mpox across the state but none of the suspected cases has been confirmed to be Mpox though 53 returned positive for Chicken Pox.
“We are aware of the Chicken Pox cases in the state and the necessary measures are already in place.
“Sensitization of the public on Mpox, Chickenpox, and other priority diseases is ongoing through established platforms. Therefore, there is no need to panic.”
Health
US donates 10,000 monkeypox vaccine doses to Nigeria
The United States government donated 10,000 doses of the Jynneos vaccine to Nigeria to aid in the fight against monkeypox on Tuesday.
The Jynneos vaccine, approved by the U.S. Food and Drug Administration, is designed to prevent smallpox and monkeypox in adults aged 18 and older who are at risk of infection.
During the official handover ceremony in Abuja, Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare, expressed gratitude to the U.S. government for the generous donation.
Represented by Permanent Secretary Daju Kachollom, Pate emphasised the Federal Government’s commitment to improving public health in Nigeria.
He said, “This is a spirit of cooperation and collaboration through the years, and this vaccine will be of great help to us.
“The Federal Ministry of Health understands the importance of having a healthy nation, so all the policies that we implement and the collaborations are focused on ensuring our citizens’ health.”
Pate also extended thanks to other development partners, including USAID, PEPFAR, WHO, UNICEF, and various UN organisations, for their continued support.
He highlighted the importance of addressing public health concerns, particularly diseases like monkeypox that pose significant risks to the population.
Monkeypox, a rare viral zoonotic disease, primarily affects remote villages in Central and West Africa near tropical rainforests.
It is caused by the monkeypox virus, which belongs to the orthopoxvirus genus, including smallpox and cowpox.
Following the eradication of smallpox, monkeypox has become a prominent concern within the orthopoxvirus family.
On August 13, 2024, the Africa Centres for Disease Control and Prevention declared monkeypox a public health emergency of continental security.
As of last Friday, Nigeria’s Centre for Disease Control and Prevention reported 40 confirmed cases of monkeypox out of 830 suspected cases nationwide.
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