This archive report was first published on 10 September 2019.
On September 10, 2019, Commercial Bank of Africa (CBA) hosted its sixth Economic Forum, with a focus on the status of Kenya's Health Sector.
The forum featured Dr. Rashid A. Aman, Chief Administrative Secretary – Ministry of Health, as the keynote speaker, alongside a panel of experts from the health sector.
Dr. Aman emphasized the government's intention to roll-out pre-payment of healthcare as a means of reducing out-of-pocket expenditure, a key impediment to Universal Health Coverage (UHC).
"In this regard, financial sector experts, banks, and investors play a key role in providing innovative financing solutions geared towards pre-payment for health," Dr. Aman said.
CBA's CEO for Kenya, Jeremy Ngunze, highlighted the importance of investment in health, stating, "Health is the greatest social capital a nation can have. Without a healthy, productive citizenship, a country can't be economically stable."
According to the government, funding to the sector has increased, with the national government allocating Ksh97.08 Billion (6.8% of total spending) in the financial year 2018/19, a 56% increase from the previous year.
