EIB launches EUR 50 million Africa pharmaceutical manufacturing initiative 17th Dec 2020 | Source: EIB Press
• Programme to strengthen supply chain and reduce dependency on drug imports
• Investment to scale-up local production of Active Pharmaceutical Ingredients
• Scheme to improve healthcare, create skilled jobs and boost industrial growth
The European Investment Bank today launched the first ever scheme to strengthen local production of Active Pharmaceutical Ingredients in Africa and scale up drug manufacturing essential to improve public health.
The EIB’s new EUR 50 million pharmaceutical investment initiative, initiated together with kENUP Foundation, will contribute to reducing dependency on drug imports and address medical supply chain weaknesses linked to COVID-19. The programme will improve availability of specialist drugs and tackle supply chain challenges that currently damage public health across Africa.
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