Importance of Private Sector to Improve Health in Africa. Susan Rae Ross Nov 7, 2017

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1 Importance of Private Sector to Improve Health in Africa Susan Rae Ross Nov 7, 2017

2 Evolving Role of Private Sector On the eve of the launch of the MDGs, the World Business Council for Sustainable Development was launched. On the eve of the 2016 Davos meeting the Business and Sustainable Development Commission, launched the Better Business, Better World report.

3 Better Business, Better World Despite the economic and social gains, the world s current economic model is deeply flawed making. Past social and economic successes may be reversed without urgent action. The Global Goals for Sustainable Development offer a compelling growth strategy for individual businesses and the world economy. Achieving the Global Goals opens up US$12-30 trillion of economic opportunities for the private sector with at least 50 % located in developing countries.

4 Health Challenges Declining power of drugs to treat major communicable diseases antibiotics are a particular worry Many changes are shifting the burden on health systems- A youth bulge Changes in disease patterns 66% child, AIDS and TB deaths occur in middle- income rather than low- income countries Growing burden of non- communicable diseases Basic medical services and supplies are still missing in developing countries Looming skill gaps in the medical professional.

5 Business Opportunities The $12 trillion can be realized through 60 market hot spots in 4 economic systems food and agriculture, cities, energy and materials, and health and well- being, with the potential of creating 380 million new jobs by 2030, with almost 90% of them in developing countries. Research from the McKinsey Global Institute indicates that achieving gender parity alone would add at least US$12 trillion to global growth by The two largest opportunities account for more than 25% of the total value of the opportunities- - harnessing mobility systems (e.g., public transport, circular economy) and new healthcare solutions.

6 60 markets hotspots FOOD CITIES ENERGY HEALTH Reduce food waste (ag) Affordable Housing Circular models- auto/appliances Risk Pooling Forest ecosystem Energy Efficiency Renewables Disease Mgmt Low- income food markets Reduce consumer food waste E/hybrid vehicles Energy storage Training/HRH Public Transport Resource Recovery Remote/Tele Monitoring Diet Switch Sharing Economy Carbon Capture Activity/Lifestyle Aquaculture Road Safety Green Chemicals Counterfeit Drugs Sm Farmer (IT) Self- driving cars Manufacturing Weight mgmt Micro- irrigation Fuel efficiency Mine rehab Tobacco Control Restoring land Resilient buildings Grid connections ERMs Reduce package waste Water/sanitation infrastructure Better MCH Cattle Cultural tourism Genomics Urban Ag

7 Business Opportunities In Health 71% of the opportunities in food and agriculture and 60% of the health opportunities are in developing countries. It is estimated that 46% (175M) of the new jobs created could be in the health sector with an estimated 28 million new health jobs in Africa. Biggest health opportunities Risk pooling (US$ billion). Remote patient monitoring (US$ billion) Telehealth (US$ billion).

8 Conclusions The Global Goals are highly integrated, thus progress is needed on all of them to open up all the business benefits and societal gains. Radical incumbents/new ventures are shaping the market hot spots by deploying new business models- - sharing, circular, lean service, big data and social enterprise valuing US$1 billion. Only 1/3 corporations have embraced the Global Goals; more participation is needed to ensure sustainable business growth and social and environmental gains.

9 Report Available Executive-Summary.pdf