New Business Technology Transfer Provides Benefits for African Pharmaceutical Industry
The African Pharmaceutical Technology Foundation will be hosted by Rwanda. It is part of the African Development Bank’s commitment to spend at least USD 3 billion over the next ten years to support Africa's pharmaceutical and vaccine manufacturing sector. Medical and pharmaceutical experts pose for a group photo with their colleagues during the forum to introduce the newly launched African Pharmaceutical Technology Foundation last month in Kigali. Credit: Aimable Twahirwa/IPSBy Aimable TwahirwaKIGALI, Jan 25 2023 (IPS) A few months after German biotechnology company BioNTech announced the establishment of the first-ever local vaccine manufacturing in Rwanda, experts believe the successful implementation of such initiatives across the continent will require countries to acquire know-how while encouraging potential industrial partners in the pharmaceutical industry. Experts emphasise the need to prioritise technology transfer to revamp Africa’s pharmaceutical industry with a key focus on vaccine manufacturing capacity and building quality healthcare infrastructure. This is because, while pharmaceutical products are manufactured in countries such as South Africa, Kenya, Morocco and Egypt, the latest estimates by the World Health Organization (WHO) show that the continent currently imports more than 80 percent of its pharmaceutical and medical consumables. During the forum, which took place recently in Kigali, experts elaborated on some challenges and current opportunitie...
Source: IPS Inter Press Service - Health - Category: International Medicine & Public Health Authors: Aimable Twahirwa Tags: Africa COVID-19 Development & Aid Featured Headlines Health Humanitarian Emergencies TerraViva United Nations IPS UN Bureau IPS UN Bureau Report Rwanda Source Type: news
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