Sub-Saharan Africa has a population exceeding 1.3 billion. Sub-Saharan Africa has the fastest population growth rate, and millions live below the poverty line. Investing in new healthcare facilities is a primary focus for many governments. New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.

Kenya leads Sub-Saharan Africa with 20% or $2.3 billion in active hospital projects. Nigeria is second with 19% or $2.1 billion. Ghana takes up third place with 15% of the activity at a value of $1.7 billion.

The Saudi Fund for Development is the largest investor in the Sub-Saharan African healthcare sector, with more than a dozen active hospital projects estimated to cost $770 million. The most significant investment is in the Ivory Coast, where the fund contributes to constructing six new hospitals at an estimated cost of $383 million. The fund is also investing in Zambia, Mauritius, Uganda, Eswatini and Kenya, to name but a few.

At ABiQ, we focus on supporting the development of the African and Middle Eastern markets. We identify investment opportunities and help businesses make the right choice when it comes to their role in investment, economic development and socioeconomic improvement. ABiQ provides validated data and trusted business intelligence. Our unique forecasting and project tracking tool provide data and analysis to support your business growth strategy across the Middle East and Africa. Contact us for a free demo.