HEALTHCARE

Protect Kenya's position in health innovation

This burgeoning sector offers immense potential for economic growth and job creation.

In Summary
  • Local innovators are already making health products more accessible and affordable to millions.

  • Regulatory frameworks must be streamlined to ease market entry for both local and international investors.

A stakeholder in the health sector showcases a drone that can be used to deliver medication during a conference in Murang'a on August 10, 2024
A stakeholder in the health sector showcases a drone that can be used to deliver medication during a conference in Murang'a on August 10, 2024
Image: FILE

Kenya is poised to become a continental hub for health technology.

Recent findings reported elsewhere in this newspaper suggest that 64 per cent of top healthtech innovators look at Kenya as a launchpad for their African expansion.

The country must act decisively to secure this position by creating a more favourable investment environment.

Health technology is not just a futuristic vision; it’s already transforming lives.

Local innovators are already making health products more accessible and affordable to millions.

This burgeoning sector offers immense potential for economic growth and job creation.

The report identifies key areas of growth such as inventory management, online pharmacies and medical drone delivery, which can significantly improve health product access.

Kenya must capitalise on this by providing targeted support for startups and improving infrastructure, such as internet connectivity and logistics networks, that these healthtech innovations rely on.

Moreover, regulatory frameworks must be streamlined to ease market entry for both local and international investors.

Tax incentives, grants for research and development, and easier access to financing for startups are crucial steps the government can take.

The country must seize this opportunity to cement and enhance its position as a beacon of health innovation on the continent.

Quote of the Day: “All rules for study are summed up in this one: learn only in order to create.”

Friedrich Wilhelm Joseph Schelling

The German philosopher died on August 20, 1854

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