pharmaceuticals
The Africa Health Conference concluded in Cairo by issuing a comprehensive framework of strategic recommendations, spearheaded by a continental mandate to localize medicine and vaccine manufacturing across Africa.
Abdelatty met with his Uzbek counterpart, Bakhtiyor Saidov, on the first visit to Egypt by an Uzbek foreign minister, with the two sides discussing bilateral ties and regional issues of mutual concern.
The Egyptian Drug Authority and the Egyptian Pharmaceutical Trading Company have intensified their cooperation to ensure the steady supply of medicines across Egypt
Despite this significant jump in revenue, the volume of sales rose by just 6 percent, pointing to a broader trend of price-driven growth in the sector, noted Ali El-Ghamrawy, head of the Egyptian Drug Authority
This increase is expected to play a key role in replacing approximately $3 billion worth of annual pharmaceutical imports with locally produced alternatives.
The meeting was centered around Sandoz's expansion plans in the Egyptian market and the strengthening of its partnership with the EDA.
Ali Alghanim & Sons Group, based in Kuwait, is looking to expand its presence in Egypt with plans that may include the establishment of an insulin factory in partnership with foreign companies.
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.
