Fola Laoye is Founder and CEO of Health Markets Africa, an advisory and investment company. She was previously Director for West Africa Investments at the Investment Fund for Health in Africa (IFHA). She is also a board member of Hygeia Group Nigeria, promoters of Hygeia HMO and Lagoon Hospital where she held various leadership roles over 18 years including CEO (2002-2012) and Chairperson (2012-2015).
At Hygeia, she managed the evolution of the Lagoon Hospitals into a multi-site and multi-specialty strategy (including growth of Acute Specialties and Critical Care services) with a 100% increase in bed capacity, significant growth in patient footfalls and revenue, and improving operations culminating in being the first hospital in Sub-Saharan Africa to achieve Joint Commission International (JCI) accreditation. She also had oversight of the Group’s HMO strategy for developing the Health Insurance market, including the coverage of HIV/AIDS Care and Treatment. She was principal in the start-up of Hygeia Community Health Care (HCHC) in January 2007, a community health insurance program for the rural and urban poor which attracted significant subsidy grant funding from the Dutch Health Insurance Fund and the World Bank.
She is a member of several boards including FSDH Asset Management and Old Mutual Life Assurance; and is Chair of the Young Presidents Organization (YPO Gold) Lagos Chapter.
She holds an MBA from Harvard Business School (class of 1999) and a Bachelors Degree in Accounting from the University of Lagos, Nigeria. She is a Chartered Accountant having trained with Ernst & Young, Lagos and Coopers & Lybrand (now PwC), London and is a Member of the Institute of Chartered Accountants in England & Wales and the Institute of Chartered Accountants of Nigeria.
In 2011, Fola was nominated as a Young Global Leader by the World Economic Forum and in 2013 she was awarded the Harvard Business School Africa Business Club Leadership Excellence Award.