Female Entrepreneurs Excel as African Healthtech Sector Thrives Amid Economic Challenges
- Women-led health-tech ventures in Africa saw a monumental growth of over 2,000% in funding from 2022 to 2023.
- In 2023, these entities garnered USD 52 million, a stark contrast to the USD 2 million received in the previous year.
- The sector of online pharmacy solutions accounted for 38% (USD 63 million) of the total funding.
The significant increase in funding for women-led health-tech ventures in Africa is a positive development for the sector. It demonstrates the growing recognition of the value and potential of these ventures, as well as the resilience of the health tech sector in Africa. This trend is likely to attract more investors and donors, leading to further growth and innovation in the African health-tech industry.
