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Malaria costs Africa about $12 billion a year, according to the World Health Organization, reported by Reuters. WHO southern Africa regional director Antoine Kabore said:

The burden on health systems, absenteeism among school children and diminished or lost worker productivity, all contribute to make malaria a significant contributor to low economic growth in endemic countries, estimated at costing African countries about $12 billion.

David Brandling-Bennett, a senior program officer at the Bill & Melinda Gates Foundation, told Reuters

The number of cases and deaths has gone up in recent years due to a number of factors, including the fact that we now have widespread. The development of new drugs is really expensive and not attractive to the big pharmaceutical companies because people with malaria cannot afford to buy the drugs and so there is not a profit there for the companies.

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