Pharmaceutical sector
Egypt has struggled with a significant medication shortage over the last few months, exacerbated by a foreign currency crisis that impacted pharmaceutical production and imports
Two weeks ago, the government announced it allocated LE 7 billion to tackle these shortages, focusing on enhancing production, securing raw materials, and developing factory infrastructure
Prices of certain medicines are expected to climb as between 80-100 companies have applied to the Egyptian Drugs Authority (EDA) to up medicine prices by an average of 25-30 percent
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