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Africa Loses $7bn Annually On Medical Tourism – Afreximbank

Published

2 months ago

June 26, 2025

The African Export-Import Bank (Afreximbank) says Nigeria and other African nations are losing billions of dollars annually to medical tourism.

Afreximbank’s Export Development Managing Director, Mrs Oluranti Doherty, made the assertion while speaking at the 32nd Afreximbank Annual Meetings (AAM2025) in Abuja on Thursday.

Doherty said the trend was hindering economic development and local healthcare infrastructure.

She identified the soaring costs of medical tourism as a major drain on African economies.

According to her, Nigeria alone loses an estimated $1.1 billion annually to medical tourism, while the entire African continent collectively forfeits approximately $7 billion yearly.

“We had our member countries losing a lot of foreign exchange to medical tourism.

“We just talked about Nigeria, where our medical tourism annually is about $1.1 billion.

“The entire continent is about $7 billion just because we can’t help ourselves with ourselves when we come up with chronic diseases.

“ That’s money that’s going to other economies, building up their institutions,” she said.

She noted that the capital outflow diverts funds that could be invested in local healthcare.

Doherty added that the development contributes to a “brain drain” of skilled medical professionals from the continent.

“Another thing we noted was a great way we were losing a lot of our good talents.
“The best of talents in the health sector were going out of the continent, working in places such as India, Asia, Middle East, America, and that often was an issue,” she said.

Doherty said the bank launched its Health and Medical Tourism Programme in 2012 long before the broader recognition of healthcare’s connection to economic security in response to the challenge.

“Afreximbank was innovative. I call us the innovative financier, innovative investors.

“We recognised this part since 2012 and we set about doing something about it.

“A key initiative borne from this foresight is the Africa Medical Center of Excellence (AMCE) in Abuja, a 170-bed facility boasting state-of-the-art equipment, including an 18 MeV cyclotron, a three-Tesla MRI, and a 20-bed ICU.

“Afreximbank has invested over $450 million to establish and scale up this project,” she said.

The official praised the leadership behind the AMCE, noting, “Afreximbank had to go where no one has gone before; Afreximbank’s leaders adhered to the dreamers.

“The AMCE aims to provide healthcare services comparable to global standards, not just African standards.

“I’m talking about global standard. I’m talking about Africans coming up with solutions to challenge,” she said.

She, however, stressed the need to build trust in local healthcare facilities and ensure access for all to stem medical tourism.

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Popular Nail Polish Ingredient Banned Over Fertility Fears

Published

2 hours ago

September 6, 2025

Editor

The European Union has outlawed the use of TPO in all cosmetic products as of September 1, citing evidence that it may cause long-term fertility problems. The move forces nail salons in all 27 EU countries, as well as Norway and others that follow EU rules, to stop offering TPO-based gels and safely dispose of their stock. Manufacturers will now be required to reformulate their products without the chemical.

TPO has been a staple in the beauty industry, used as a photoinitiator to harden polish quickly under ultraviolet light and give manicures a glossy, long-lasting finish. But while gel polish has been praised for staying chip-free for weeks, experts say the ingredient behind its durability may carry hidden dangers.

Industry insiders expect the UK and other countries to follow suit with a similar ban by late 2026. The US, however, has yet to propose any such restrictions, though American salons that import products from Europe could be affected.

“This ingredient could not be defended. The industry was unable to prove there were no safer alternatives,” said Francesca Rapolla of the UK’s Cosmetic, Toiletry and Perfumery Association.

Still, not everyone agrees with the ban. Belgian retailer ASAP Nails and Beauty Supply warned of “major economic damage” to small businesses and argued there is “no human evidence of danger”. Meanwhile, US-based consultant Doug Schoon criticised the EU’s decision as “disproportionate”, saying it would waste safe products and undermine confidence in regulators.

The controversy comes amid growing scrutiny of chemicals in everyday cosmetics. Experts warn that toxic compounds, including endocrine disruptors, may contribute to rising cases of infertility, diabetes, obesity, and certain cancers. One striking trend is the surge in endometriosis cases — a painful condition linked to infertility — as global cases have risen to nearly 190 million. Scientists believe endocrine-disrupting chemicals such as phthalates and now TPO could be a driving force.

“These chemicals can linger in the body for years, stored in fatty tissue. They affect the immune system, disrupt hormones, and in some women, may trigger reproductive problems and endometriosis,” said Professor Katie Burns of the University of Cincinnati.

For now, Europe has chosen precaution over profit. The debate over TPO could prove a turning point in the battle over hidden toxins in beauty products — and their long-term toll on women’s health.

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Trump Threatens Severe Consequences Against ‘Wrongful’ Detention Of U.S. Nationals Abroad

Published

2 hours ago

September 6, 2025

Editor

Trump threatens severe consequences against ‘wrongful’ detention of U.S. nationals abroad
U.S. President Donald Trump has signed an executive order to protect U.S. nationals from what he termed “wrongful detention” abroad.

U.S. Department of State, in a statement issued on Friday, threatened severe consequences for those who “wrongfully” detain Americans abroad.

“Today, President Trump signed an Executive Order that takes unprecedented action to impose new consequences on those who wrongfully detain Americans abroad,” the statement read.

“Through this Executive Order, actors designated as State Sponsors of Wrongful Detention may face severe penalties,” the statement added.

The penalties include economic sanctions, visa restrictions, foreign assistance restrictions and travel restrictions for U.S. passport holders, according to the statement.

“Like the State Sponsor of Terrorism determination, no nation should want to end up on this list.

“The bottom line: Anyone who uses an American as a bargaining chip will pay the price.”

This administration is not only putting America first but also putting Americans first, the statement said

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Zelensky Responds To Putin’s Invite To Russia For Peace Talks

Published

4 hours ago

September 6, 2025

Editor

Ukrainian President Volodymyr Zelensky has responded to Russian President Vladimir Putin’s invitation to visit Moscow for peace talks over the ongoing Russian-Ukraine war.

According to the Russian government, President Putin is preparing to host Ukraine’s President, Volodymyr Zelensky, in Moscow.

Presidential aide Dmitry Peskov confirmed the meeting during an interview with TASS at the Eastern Economic Forum (EEF) on Friday.

The Kremlin spokesman said Putin’s invitation to the Ukrainian leader was “to talk, not to surrender.”

Peskov noted that efforts to resolve the 42-month conflict are ongoing but declined to predict the outcome. He quoted Putin as saying, “There is light at the end of the tunnel.”

The Russian government says it aims to achieve its objectives in Ukraine through peaceful means but will continue its special military operation if no truce is reached.

When asked about a possible follow-up conversation between President Putin and President Donald Trump after their meeting in Anchorage, Alaska, Peskov said, “There are no developments yet.”

He also spoke about US-Russia relations, saying “the process of bringing our relations out of complete paralysis will take time.” Peskov added that “much damage has been done to the architecture” of both countries’ ties, referring to years of diplomatic standoff under the previous US administration.

Responding to the open invite during a joint press conference with French President Emmanuel Macron after the Coalition of the Willing meeting, Zelensky said he can only be invited when Russia wants there to be no meeting.

Speaking about the coalition meeting amid ongoing effort for peace in Ukraine, Zelensky said the meeting is necessary and “not about desire, but a real need.” He added that he supports any format for the talks—trilateral or bilateral—but believes Russia is trying to delay it.

“The meeting is needed, this is not about desire, but it is needed. We supported it in any format: both trilateral and bilateral. I believe that Russia is doing everything to delay it. Our American partners told us that Putin invited me to Moscow. I think that when you want there to be no meeting, then you should invite me,” Zelensky said.