A&K Global Health Showcases Opportunities for Healthcare Management Investment and Collaboration in Kenya during State Visit to Belgium
North Carolina, USA – June 29, 2016: Two weeks ago, A&K Global Health’s Kenya National Director, Stephen Masinde, was honored to travel to Belgium with the President of the Republic of Kenya, His Excellency Uhuru Kenyatta, as part of an invited business development delegation.
Mr. Masinde was one of nine business leaders selected nationwide to represent their organizations and the nation of Kenya during a five-day state visit to Brussels focused on balancing the trade deficit between the two countries, following a 2015 decline in Kenyan exports to Belgium.
Kenya and Belgium have a strong history as trading partners, and despite last year’s drop in its own exports, Kenya – the largest economy in the East African Community (EAC) – remains a powerful market for Belgian exports. Medicinal and pharmaceutical products top the list, with annual Kenyan imports from Belgium in this category alone valued at $35.87 million USD. This summit sought to correct the trade imbalance by facilitating increased Belgian investment in Kenya.
“This is a real honor for Mr. Masinde and for A&K Global Health,” said Morgan Darwin, A&K Global Health’s Chief Executive Officer, “to be invited by President Kenyatta to share the story of what A&K Global Health is doing to improve the health of Kenyans, to advance the healthcare system in Kenya, and to further develop Kenya as a medical travel destination within East Africa, as well as to present the compelling business opportunities inherent in this work.”
The conference was coordinated by the Kenya National Chamber of Commerce and Industry (KNCCI), a not-for-profit, autonomous, private sector institution established in 1965 after the amalgamation of three regionally-focused Kenyan Chambers of Commerce – Asian, African, and European – to protect and develop the interests of the business community in a more integrated and global fashion. KNCCI is an affiliate member of the International Chamber of Commerce (ICC), the Common Market for Eastern and Southern Africa (COMESA), and the East African Business Council (EABC), among others. The KNCCI advocates for the creation of a favorable commercial, trade and investment environment that supports enterprise expansion; its membership comprises organizations of all sizes, from micro-enterprises to medium and large corporations, across all economic sectors.
Mr. Masinde participated in four major forums during the conference. The first of these, which was graced by the presence of His Excellency the President of Kenya as well as by the Kenyan Cabinet Secretary for Trade, focused on determining areas for mutual business cooperation. Healthcare management emerged as a promising arena for collaboration: drawing on Belgium’s success building robust public health facilities to strengthen and modernize Kenya’s overcrowded, underequipped public hospitals can help address the intense demand for specialty care, as well as stem the upward pressure on prices for privately-obtained advanced procedures. In the second forum, dedicated to investment, Mr. Masinde along with the Kenyan Minister of Finance engaged strong Belgian interest in building a referral hospital in Nairobi and equipping it with advanced medical technology; a follow-up meeting on this project is set to take place onsite in Kenya. A third forum was devoted to visiting Belgian hospitals and supply production facilities to assess what best practices can be implemented in Kenya to reduce the high cost of medical supplies. And the fourth forum brought together investors and members of the Kenyan diaspora in Europe, resulting in the generous forthcoming donation of several pieces of advanced medical equipment to enhance cancer treatment capabilities in Kenya.
Serving as a member of the presidential delegation “was a transformative experience,” said Mr. Masinde, “allowing A&K Global Health to form new international partnerships and collaborations with strong global brands.” Immediately following the state visit, Kenya’s Principal Secretary of Health seized the opportunity to implore all Kenyans to join the National Hospital Insurance Fund (NHIF) – Kenya’s universal health insurance program for complete medical coverage, especially chronic disease treatment – whose membership benefits now include medical travel managed by A&K Global Health. “Through the Principal Secretary’s appeal and the follow-up actions established during these meetings, A&K Global Health’s engagement in this state visit is generating expanded opportunities for us to share and apply our expertise in the complex clinical, financial, and technological aspects of comprehensive healthcare management.”
In the photograph above: Representatives of Kenya’s private sector alliance pose together just following a meeting with their Belgian counterparts during the recent Kenyan state visit to Brussels. From right to left are Stephen Masinde, A&K Global Health’s Kenya National Director; Dr. Swarup Ranjan Mishra, Founder and Chairman of the Mediheal Group of Hospitals; Richard Ngatia, Managing Director of Megascope Health, Ltd.; Joseph Gesora, Managing Director of Duke’s International Investments, Ltd.; and Winnie Mwai, Director, Piccalilly International, Ltd.
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