Salient Advisory has unveiled its latest market intelligence report, titled “Leading Innovations Enabling Health Product Access in Africa,” highlighting 24 pioneering African supply chain innovators poised for significant impact. Funded by the Gates Foundation, this report sheds light on the crucial role these innovators play amidst challenging macroeconomic conditions and declining investment in African tech ecosystems.
The report reveals that these 24 innovators have been operational for an average of 10 years and now collaborate with over 100 manufacturers and 75 public health institutions. Collectively, they reach approximately 50,000 healthcare providers who serve hundreds of thousands of patients daily, directly delivering health products to millions of consumers across Africa.
Notably, Kasha, a standout in the report, secured Series B investment last year and has since built a robust health technology access platform, achieving over $50 million in annual revenues for 2023—the highest recorded by Salient’s research. The report also highlights the dominance of digitally-enabled Order and Inventory Management services among these innovators, with 13 out of 24 companies focusing on these services, operating across 30 countries.
Additionally, four leading Online Pharmacies are making substantial strides, reaching nearly 10 million customers and generating median annual revenues of approximately $9 million. Other featured innovations include advancements in Product Protection and Visibility, Medical Drone Delivery, and Data Analytics.
The report underscores the need for targeted engagement from governments, donors, industry, and global health institutions to maximize the impact of these innovators. Recommendations include simplifying regulatory pathways, exploring cost-saving potential, and evolving contracting and payment systems to enable broader partnerships in healthcare delivery.
Yomi Kazeem of Salient Advisory highlights the remarkable resilience and growing influence of these African supply chain innovators, urging local and global public health communities to leverage these advancements. Ann Allen from the Gates Foundation emphasizes that while technology-enabled innovations have the potential to address longstanding challenges and strengthen local health markets, concerted efforts are required to transform access for millions of underserved Africans.
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