• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    To Our Dedicated Readers…
    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
    African Leaders Lift-off African School of Governance…
    Zimbabwe in Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
    Rwanda’s MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
    $2.8 Million has been Vitally signed by Grid Africa as an Equity Investment from Rifuwo Energy Partners
    The Elected African Table Tennis Federation Executive Council Agreed on a Memorandum of Understanding with Ethiopian Airlines

    African Development Bank Unveils New Initiative to Build African Pharmaceutical Sector

    Posted On 27 Dec 2022
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Richard Adorsu-

    Pharmaceutical Production with Intelligent Scheduling
    Photo Credit: stottlerhenke.com

    NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The African Development Bank Group has formally introduced its new initiative that will join hands with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build its pharmaceutical sector.

    The African Pharmaceutical Technology Foundation (APTF) was the focus of a forum hosted by the African Development Bank under the theme: “Technology Access for Pharmaceutical Manufacturing: The African Pharmaceutical Technology Foundation.” The event was part of the 2nd International Conference on Public Health in Africa in Kigali, Rwanda.

    According to the African Development Bank, the continent imports more than 70% of the medicines it needs at the cost of $14 billion annually. Changing the game to enable African countries develop their capacity to manufacture pharmaceutical products has public health, strategic and economic rationales.

    “This new initiative comes as a solution, since most [African] countries still face challenges in receiving [medicines] on time,” Dr. Yvan Butera, Rwandan Minister of State for Health, commented. The Foundation, hosted by the Government of Rwanda in Kigali, is expected to commence operations in early 2023.

    In his opening remarks, Mr. Solomon Quaynor, Vice-President for Private Sector, Infrastructure and Industrialization at the African Development Bank Group, said Covid-19 had exposed the gaps in Africa’s health care system.

    “The Covid-19 pandemic has exposed the fragility of global health systems and the gaps in the production of critical drugs on the continent.” He added: “The APTF is a ground-breaking institution that will significantly enhance Africa’s access to technologies that underpin the manufacturing of pharmaceutical products.”

    Presenting the APTF at the event, Prof. Padmashree Gehl Sampath, Special Adviser on pharmaceuticals and health infrastructure to Dr. Akinwumi Adesina, President of the African Development Bank Group, stressed that the Foundation was designed to help African countries bridge the technology gaps in sustainable domestic manufacturing.

    Prof. Sampath said: “Pharmaceutical companies in Africa have three specific impediments to technology access: access to technology and related know-how for production, mobilization of domestic resources for technological upgrading, and the lack of possibilities for horizontal and vertical product diversification. Many technological risks need to be indemnified to build Africa’s pharmaceutical sector, including shifting away from a product-by-product approach which puts African companies at risk.”

    The co-chair of the International Negotiating Body of the World Health Organization (WHO) on Pandemic Prevention, Preparedness and Response, Dr. Precious Matsoso, reflected on how important technology issues are for future pandemic preparation. She said establishing the African Pharmaceutical Technology Foundation “would provide the much-needed support to address technology barriers for equitable access.”

    Describing the establishment of the Foundation as “timely,” given the experience of Covid-19, Dr. Richard Hatchett, Chief Executive Officer of the Coalition of Epidemic Preparedness Initiative, stressed that the initiative “will help in saving lives on the continent”.

    The Foundation, approved by the African Development Bank’s Board of Directors in June 2022, is expected to boost Africa’s access to technology for manufacturing the full range of pharmaceutical products, focusing on building supply chains and expanding access to building block technologies of various kinds.

    The Foundation will also serve as a transparent intermediator advancing and brokering the interests of the African pharmaceutical sector on the global stage, to enhance access to proprietary technologies, know-how, and related industrial processes, through licensing and other market-based and non-market mechanisms.

    The WHO, the Coalition on Epidemic Preparedness, the South Centre, Geneva, and the Federal Ministry for Economic Cooperation and Development of Germany have expressed keen interest in working with the Foundation in the coming year.

    Another panelist, Prof. Carlos Correa, Executive Director of South Centre, Geneva, said it was important for Africa to have its own framework that will allow its pharmaceutical industry to develop. He said: “Intellectual property confers monopolies, and these monopolies give rights to property owners to control the sharing of technologies. Creating the capacity to facilitate timely technology transfer to Africa is important.”

    Panelists stressed the need to establish partnerships between African pharmaceutical companies and their counterparts in other continents, such as Europe.

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    The Chairman of the Nuts Traders Association of Kenya Johnson Kihara asserted during Planters Yielded more than 65, 000 Metric Tons of Macadamia

    Next Story

    The Africa Export-Import Bank’s Fund for Export Development in Africa (FEDA), earned Interior Authorizations to Amass a Strategic Contingent in Geregu Power Plc

    10 Comments

    1. Baholo December 27, 2022 at 5:32 am Reply

      $14 billion annually estimate bill for medicine importation by Africa. Making our own medicines is the only solution. Bravo to African development bank. Let’s get it started. Durban in South Africa. Baholo

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Poloko December 27, 2022 at 5:37 am Reply

      Thank you for the report. Pharmaceutical technology is here. Great investment. Poloko in Gaborone BOTSWANA

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Nen December 27, 2022 at 5:44 am Reply

      Great to manufacture, our medicines in Africa. Absolutely not out of Africa. Mama Afrika. Nen in Zanzibar, Tanzania

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Kelly December 27, 2022 at 5:49 am Reply

      Yes, safe to make our own medicines. Kelly in Abidjan, Ivory Coast

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:53 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Pierre December 27, 2022 at 5:52 am Reply

      Great opportunity for Africa to make it own medicines and invest more money on research. Thank you for the report. Libreville in Gabon. Pierre

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:53 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    To Our Dedicated Readers...

    Posted On 04 Nov 2024

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    Posted On 04 Nov 2024

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Posted On 04 Nov 2024

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    Africa Leader of the Year 2023-2024, Rwanda's President Paul Kagame

    Posted On 21 May 2024

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Peace making leader. Congrat Paul...

    Posted On 15 Feb 2024

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Facebook

    Latest Posts

    To Our Dedicated Readers...

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Recent Posts

    • To Our Dedicated Readers…
    • Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    • The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    • ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • Obituary
    • Sport

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.