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The Business of Health in Africa

A new report from IFC, a member of the World Bank Group Entitled The Business of Health in Africa: Partnering with the Private Sector to Improve People's Lives. The report says the private sector already plays a significant role in delivering and financing health care for the region's people. On average, the private sector delivers 50 percent of health care goods and services. The report, partly financed by the Bill & Melinda Gates Foundation, has prompted IFC and its partners to announce a new strategy for addressing Africa's health challenges, a major aspect of the region's poverty. This involves mobilizing up to $1 billion over the next five years in investment and advisory services to boost socially responsible health care.