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
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for intra-African trade businesses Initiative aims...
IMF approves reviews of Seychelles’ reform programs, unlocking $45 million Total disbursements since 2023 to reach about $105.1...
Cemac developing system to track informal cross-border trade data Regional workshop trains experts on mapping flows and estimating...
Nigerian insurers Guinea, Sovereign Trust seek 10.8bn naira capital Guinea launches rights issue; Sovereign Trust awaits NGX approval Raises aim meet...
Most Read
01

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
02

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...

Weekly Health Update | Namibia Ends Mpox Outbreak; Nigeria Faces Seasonal Lassa Fever Surge
05

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
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.