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
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
BEAC raises key interest rates to support CFA franc Policy rate lifted to 4.75% amid falling foreign reserves Shift reverses earlier easing criticised...
African companies raised about $220 billion in equity on local stock markets over the past 25 years Equity market capitalization rose...
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover increased to six months from 3.8 months in...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
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.