Public Management

Rwanda’s first pharmaceutical factory to start operations next month

Rwanda’s first pharmaceutical factory to start operations next month
Tuesday, 25 August 2020 14:26

(Ecofin Agency) - Rwanda is about to hit a new milestone with the entry into operation of Apex Biotech, its first pharmaceutical plant. Initially announced for April, the launching of activities was postponed due to the coronavirus pandemic.

The announcement comes in a timely fashion since the pandemic has highlighted the need for Rwanda to reduce its dependence on the outside world for pharmaceutical products. According to authorities, the importation of drugs contributes greatly to the country's trade deficit, which the government has been trying to close for several years.

The new plant owned by Rwandan and Bangladeshi investors is located in the special economic zone of Kigali, the capital. With an annual production capacity of 800 million packets of tablets, 200 million capsules, 8 million bottles and 5 million sachets of Oral Rehydration Therapy (ORT)), it is expected to help reduce the drug import bill by 10 to 20%.

We are now looking at mid-September to start operations because everything is in place- raw materials are on the ground, and machines are already installed,” Herbeton Madari, co-founder of Apex Biotech, told The New Times Rwanda. “We are starting with 10 and will gradually add more, and also the capacity/scale as time goes on. Within six months we shall be producing all the 34 items at a much higher scale,” he added.

According to the project managers, 80% of the staff is planned to be recruited from Rwanda while the remaining 20% will be expatriate managers who will train the local workforce. In the need to supply the East African market, Rwanda should soon inaugurate a second pharmaceutical plant, this time developed by the Moroccan group Cooper Pharma.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Lottery authority Lonab to invest $5.2 million in Agricultural Bank of Faso• Move part of capital raise to expand lending to underserved farm...
BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025 Inflation eased to 2.3% in early 2025 amid stable macroeconomic...
• Fitch downgrades Afreximbank’s rating from BBB to BBB- with a negative outlook• Concerns include loan quality transparency and exposure to high-risk...
Home to one of the largest tributaries of the Congo River, the Central African Republic (CAR) and the Democratic Republic of the Congo (DRC) will benefit...
Most Read
01

• BOAD and JICA sign €200 million loan deal to support West Africa’s growth corridor plan.• Fun...

BOAD Secures €200mln from Japan’s JICA to Boost Regional Corridors
02

The African Development Bank Group has unveiled its first edition of Integrate Africa Magazine (I.A....

African Development Bank Launches Inaugural Integrate Africa Magazine (I.A.M)
03

BCEAO grants extra time for payment service providers to get licensed by August 31, 2025 Only...

West African Central Bank Extends Payment License Deadline to August 31
04

- Bill Gates commits to allocate major part of his $200 billion wealth to support Africa's deve...

Bill Gates Pledges to Invest Majority of his $200 Billion Fortune in Africa
05

• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects a...

World Bank Resumes Support to Uganda Despite LGBT Law Concerns
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.