pharmaceuticals
It reduced the import bill by $30 million.
According to ACDIMA chairperson, Olfat Ghorab, the new factory is a key step in addressing the ongoing challenges faced by Egypt’s pharmaceutical market, including shortages of essential drugs and frequent price hikes due to a lack of raw materials.
The Foreign Ministry's Permanent Committee for Following-Up on Egyptian-African Relations made the proposal.
The Nigerien president to visit Egypt soon.
Ambassador to Dakar Khaled Aref met with Gambian ministers of health and water resources.
The Egyptian prime minister presented investment incentives to the Saudi Industry Minister.
The Cameroonian minister valued the move, and noted that Egypt had also made a similar one in October 2023 on treating children from anemia.
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
The annual cost will be LE10 billion, and will increase as the plan is to include more.
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
Egyptian Ambassador to Malabo Hadad Abdel Tawab met earlier this week Equatoguinean Minister of Health and Social Care Damaso Mitoha Ayecaba.
Senior officials also signed an MoU on collaboration between the Egyptian Drug Authority and the Rwanda Food and Drug Authority.
The two countries also signed an MoU on cooperation in the transport sector.
He added that a million insulin vials would be pumped in the market in the current month.
The sector has been forced to shift transportation from sea freight to air freight due to disruptions in the Red Sea, which have doubled transportation expenses
Egyptian Ambassador to Cameroon Dalia Fayez met earlier this week with Secretary General of the Presidency Ferdinand Ngoh Ngoh.
Considered the country’s largest pharmaceutical distributor, the UCP’s business model is centered on obtaining medicine from factories and distributes it to pharmacies and chains in exchange for a profit rate
The first batch of supplies has already been shipped, and efforts are underway to coordinate with manufacturers for the preparation and dispatch of the second shipment
President Abdel Fatah al-Sisi was briefed Thursday on the executive status of investments in the Suez Canal Investment Zone (SCzone).
Egyptian Ambassador to Lisbon Wael al-Nagar met earlier this week Portuguese Minister of Health Manuel Pizzaro.
