Sub-Sahara Africa investing $11 billion in new hospitals

27 Jan 2023

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.

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