The Key Man by Simon Clark & Will Louch

Author:Simon Clark & Will Louch [Clark, Simon & Louch, Will]
Language: eng
Format: epub
Published: 2021-05-15T00:00:00+00:00

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Arif returned to Davos in January 2016 eager to tell the world about his new healthcare fund. The World Economic Forum was happy to help broadcast the news. Arif had paid millions of dollars to attend the conference in the Swiss Alps year after year. The forum arranged a press conference on the future of healthcare in developing countries. Arif took to the stage accompanied by top executives from three of the biggest investors in his healthcare fund—the Gates Foundation, Philips, and Medtronic. No doctors or nurses from developing countries were invited to speak. Nor were there any poor patients to tell their stories. The conference moderator, Georg Schmitt, began by asking a question that practically invited Arif to promote his new fund.

“Tell us how private capital can be used to contribute to solving and countering this global health challenge.”

“Obviously there is a dual purpose. The first is to make money,” Arif replied.

The second purpose was to provide healthcare, he said. “When you take Lagos or you take Karachi or Kolkata, you would be amazed at the fact that even the baseline of proper healthcare does not exist, so our job is actually to put that in place.”

The man from the Gates Foundation could barely contain his enthusiasm for Arif’s new fund.

“What makes us so excited to be a partner with everyone here on the Abraaj Growth Markets Health Fund is the potential for really—revolutionizing may be a little strong but that’s certainly our hope in the medium term—how we look at some of the service provision going on in many of these markets,” said Mark Suzman. “We are very optimistic about where this is headed.”

Care hospitals was the perfect example of the kind of deal the new fund would be doing, Arif said. Abraaj would transfer expertise from Care’s Indian doctors to clinics and hospitals in other countries.

“There you have a cadre of doctors and health technicians which actually are world class,” Arif said. “If we can use that expertise and training and apply it across Africa, everybody is a winner.”

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