Finance

The private sector and the pharmaceutical industry in Africa : Improving the accessibility of quality medicine

Wednesday, 24 January 2018 15:11

With 13% of the world’s population and 24% of its morbidity, but a mere 3% of pharmaceutical production and a majority of counterfeit drugs, Africa is having to contend with a major public health challenge, namely access to quality medicines. This problem is currently being made even more acute by the growth in chronic diseases, demographic transition and the emergence of middle classes who are willing and able to set aside part of their budget for health expenditure.

In spite of colossal needs and serious growth potential, Africa is still lagging far behind on the global market for medicine. Local production is struggling and 70% of the Continent’s requirements are met by foreign imports.

Given forecast development in this sector, unlocking synergies between public and private stakeholders will be absolutely vital. Governments are increasingly turning to private businesses to supply and distribute medicine as an alternative to systems that have failed to prove their worth.

So, what obstacles do these private players face when doing business in Africa? How can patients be provided with proper access to sufficient quantities of suitable and affordable medicine? And how can we ensure satisfactory levels of quality, safety and effectiveness? What is the most effective way of transforming excessively fragmented supply chains? This factor explains why, despite low production costs, the drugs on sale in Sub-Saharan Africa are frequently among the most expensive in the world.

This new edition of Private Sector & Development tackles all of these issues and attempts to come up with a few pointers and solutions for the future.

[Download the magazine in English or French]

It lets researchers, associations and public health organisations give their own views and recount their experiences: the whole issue of patents, for example, and private African start-ups such mPharma and Pharmivoire Nouvelle, a pioneering local producer of pharma products in Côte d’Ivoire.

7386 pro

[VIDEO] : Mehdi Tanani, Senior Investment Officer and Head of Proparco’s Healthcare division, sets out the major issues tackled in this edition of the magazine.

7386 prot copy

On the same topic
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
IFC considers $100m loan to Ghana International Bank Funds to support trade finance, disbursed in two tranches Deal targets Africa’s...
Gabon private sector credit rises 10.5%, dominates bank lending Government borrowing drops sharply; deposits fall, liquidity pressures...
IFC to approve €95m loan for OCP phosphogypsum facility Project supports 22m-ton storage at Jorf Lasfar complex Financing aids...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.