Public Management

Côte d'Ivoire to set up a second drug production plant

Côte d'Ivoire to set up a second drug production plant
Thursday, 19 January 2023 15:56

Côte d’Ivoire, which produces only 6% of the drugs used on its territory, wants to increase its production in the coming years. For that purpose, authorities are implementing a number of initiatives, in partnership with the private sector, to boost the pharmaceutical industry. 

Côte d'Ivoire plans to build a new drug production plant, the government announced in a release published last Wednesday, January 18.

According to the release, in that regard, Ivorian health authorities and representatives of Royax Medical Solution, a Czech company specializing in drug manufacturing, held a working session at the end of which the Ivorian authorities committed to taking action to materialize the project in the "four coming months."

"Once built, the plant will allow Côte d'Ivoire to increase its local drug production and strategic input production capacity for steady distribution," said Ivorian Health Minister Pierre Dimba.

In March 2022, the country inaugurated a logistics platform and drug production unit. The initiatives are part of the government's plan to make Côte d'Ivoire a pharmaceutical and drug production hub in the sub-region. According to Minister Dimba, Côte d'Ivoire currently produces only 6% of its medicines. This is why the government is concerned about industrialization in the pharmaceutical sector.

For the World Bank, Africa is the continent that produces the lowest percentage of the medicines it consumes (with imports estimated to be between 70 and 90%). Nevertheless, like Côte d'Ivoire, the African Union and most countries are also implementing projects, in collaboration with international partners, to boost their local medicine production.

Last May, the International Finance Corporation (IFC) and a Japanese pharmaceutical company announced the launch of a project to boost local production of generic drugs, of which Africa will be one of the beneficiaries. The objective of this project is to strengthen domestic medicine production, in order to make them more accessible, affordable, and of better quality in emerging markets.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
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.