Giving Compass' Take:
- The Skoll Foundation announces an initiative to provide emergency loans to private healthcare providers in Africa in order to ensure the availability of adequate medical and healthcare access in countries with higher rates of malaria.
- Why might funding existing healthcare providers in Africa be a more sustainable approach than funding Western health-focused NGOs? What should philanthropists take into account when choosing between community-based and outside organizations operating abroad?
- Read about investing in African youth development.
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As countries have shut down sectors of their economies and asked citizens to remain at home to slow the spread of COVID-19, all health providers have seen a decrease in demand for services. For private health care providers, this also means decreased revenues, putting them at risk of closing during a time when access to care is already a challenge.
Private sector health care providers deliver nearly 50 percent of all health care in sub-Saharan Africa, including life-saving interventions such as early malaria diagnosis and treatment, ante-natal care and routine vaccinations. If left unaddressed, these vital health needs could overwhelm already overburdened health systems and add to the loss of life during the pandemic. Projections in 2020, for example, estimated that moderate disruptions in treatment seeking could lead to as many as 100,000 additional malaria deaths in sub-Saharan Africa.
The Skoll Foundation is excited to be part of a new emergency loan guarantee facility makes more than USD$30 million available to private, small- and medium enterprise (SME) health providers in five high malaria burden African countries.
Read the full article about funding private healthcare in Africa by the Skoll Foundation.