Key Takeaways from the 2024 Africa HealthTech Summit.
By Lily Steele, Investment Director
Nov 08, 2024
The Africa HealthTech Summit last week brought together innovators, impact investors, public health leaders, and policy makers to Kigali, all focused on reimagining healthcare in Africa. The event emphasised the critical role of technology in strengthening health systems and building climate resilience across the continent.
A central highlight of the summit was the launch of the Africa CDC HealthTech Marketplace, a platform to catalyse partnerships and support the development and scaling of health technologies. Africa is experiencing the dual challenges of climate change and under-resourced health systems, making agile, tech-driven solutions critical. The marketplace is especially valuable for early-stage companies focused on climate-resilient solutions, providing start-ups with streamlined access to funding, mentorship, and regional networks, accelerating their growth and impact.
As an impact investor interested in early-stage health companies, I see this marketplace as an invaluable resource for finding high-potential start-ups at the intersection of health and climate resilience. By connecting entrepreneurs with partners and financial support, the platform helps transform ambitious ideas into scalable solutions that improve healthcare access and resilience against environmental challenges.
Reaching the most remote areas: last mile health
Several companies showcased solar-powered health tech innovations. One such innovator was Blackfrog Technologies; an Indian medical device company bringing its flagship product Emvolio to Africa. Emvolio is a portable active cooling device optimising the vaccine supply chain. This innovation is a powerful synergy between climate resilience and healthcare access.
As investors, we should support companies developing scalable solutions that can rapidly equip Africa’s healthcare workforce with climate resilience. Investing in such initiatives ensures that Africa’s healthcare sector not only survives but thrives amid future climate uncertainties.
Scaling climate-resilient HealthTech through investment
The summit highlighted the significant funding gap facing early-stage healthtech companies focused on climate resilience. Building new health infrastructure that can endure environmental disruptions requires substantial investment, and traditional funding models often overlook the specific needs of health companies in this space.
As an impact investor, the Global Innovation Fund plays a crucial role in bridging this gap. By strategically investing in climate-resilient health infrastructure — such as solar-powered clinics, and temperature-controlled supply chains — we can strengthen Africa’s health systems against environmental stressors.
A new era for HealthTech and climate resilience in Africa
The Africa HealthTech Summit underscored the urgent need for health solutions adaptable to Africa’s rapidly changing climate landscape. The Africa CDC HealthTech Marketplace is a pivotal step for health innovation on the continent, offering start-ups and investors a channel to develop solutions that are both impactful and sustainable.