Public Management

Madagascar kicks off production of capsules for Covid Organics

Madagascar kicks off production of capsules for Covid Organics
Monday, 05 October 2020 18:23

Madagascar officially launched on October 2 the production of Covid Organics (CVO) in the form of capsules. The Head of State Andry Rajoelina visited a factory specialized in the production of the new substance, near the capital Antananarivo, in that regard. 

This is another step taken by the Malagasy government as part of its strategy to promote a local remedy for the coronavirus pandemic. It was last April that the authorities announced the discovery of this infusion, based on the artemisia plant, to fight the disease. The remedy was however highly criticized, especially because the number of Covid-19 cases in the country surged in the months that followed.

Despite these setbacks, President Rajoelina seems to maintain his confidence in the Malagasy Institute of Applied Research that developed the cure. “We will make known to the world the capsules produced from artemisia and ravintsara, local Malagasy plants, whose virtues are recognized worldwide [...] we can change history through nature, natural resources and Malagasy know-how,” he said.

The plant for manufacturing the new products has a capacity of up to 32,000 capsules per day and already holds a stock of 275 million, according to the authorities.

While several countries, particularly African countries, have already obtained several doses of this remedy, the new strategy could enable the Big Island to better market its product. However, to date, no independent study has yet proven the effectiveness of CVO against coronavirus.

As a reminder, according to the latest figures from the African Union, Madagascar has 16,558 cases, 232 deaths, and 15,486 recoveries.

Moutiou Adjibi Nourou 

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Dutch Good Growth Fund invests $3 million in First Circle Capital FCC backs early-stage African fintech startups continent-wide Fintech leads...
UBA moves beyond remittances with integrated banking and investment services Remittance flows to Africa exceed $100 billion a...
BiasharaLink and Deal House aim to support AfCFTA implementation Platforms seek to turn African diplomatic missions into trade...
Dakar-based ICF opens representation office in Abidjan Côte d’Ivoire hosts 18 of WAEMU’s 38 licensed brokerage firms BRVM equity market cap...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...

After Côte d’Ivoire, Ghana Faces Cocoa Stock Build-Up as Prices Collapse
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.