Africa
Bridging the gap in African pharmaceutical supply by driving local production.
Bridging the gap in African pharmaceutical supply by driving local production.
Bridging the gap in African pharmaceutical supply by driving local production.
Bridging the gap in African pharmaceutical supply through local production.
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With no exception, all 54 countries in Africa have a trade deficit in Pharmaceuticals with some countries reaching a deficit of over 2 billion USD.
With the lack of innovation across the local pharmaceutical industry and the challenges across the logistical value chain, the cost of locally manufactured products is over 50% more expensive than imported products
To put the data into perspective, China and India have 15x and 25x more local manufacturers than the African Continent.
Despite only 3% of global medicine manufacturing being done in Africa, the industry is valued at $25 billion annually.
With the expected growth in population across the continent, the African Manufacturing Industry is expected to grow to $70 billion by 2050.
Over 80% of drugs sold on the African continent are imported - demonstrating the lack of supply of local products. This dependence on imports has not only increased prices for the end consumers but left segments of citizens vulnerable to shortages in medication that can have devastating effects.
There is no better time than now for Africa to curb this vulnerability. How? By producing and exporting its own pharmaceutical supplies.
Our vision is to help Africa develop its own pharmaceutical market and grow beyond the 375 local manufacturers currently serving the continent.
By investing in local pharmaceutical production in the fastest growing continent - Africa, we can:
of pharmaceutical products across Africa by 50% -making pharmaceutical products affordable to all.
on imports by increasing the availability and accessibility of locally manufactured pharmaceutical products.
opportunity for exporting across the East African Region.
projected growth in the Pharmaceutical Market across Africa by 2050.
about Africa’s beckoning pharmaceutical potential, kindly fill out the form below.
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