Africa’s current pharmaceutical status not sustainable, says Ali Mufuruki
It is critical that Africa develops its own manufacturing and research capacity, in particular its pharmaceutical industry. In a keynote address to a Horn of Africa trade forum focusing on the pharmaceutical industry, Mr. Mufuruki said the status quo for Africa was not sustainable, especially as pharmaceutical exports to the continent continue to enjoy significant and often trade distorting government subsidies of up to 40 percent making it difficult for local producers to compete. It is critical that Africa develops its own manufacturing and research capacity, in particular its pharmaceutical industry, says Mr. Ali Mufuruki, Chairman and Chief Executive Officer of Infotech Investment Group and Vice Chair of the Afro Champions Club. “It is critical that Africa develops its own manufacturing and research capacity, in other words its own pharmaceutical industrial complex – manufacturing industries, research institutes, health insurance corporations, public funding mechanisms and others,” said Mr. Mufuruki. He added that although the obstacles faced by the pharmaceutical industry in Africa were many and multifaceted, the biggest ones that if tackled could fundamentally change the industry for the better in the short time include, logistical and regulatory barriers to trade in pharmaceuticals.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2019-06
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| Online Access: | https://hdl.handle.net/10855/44867 |
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