Only 10% of the drugs Cameroon needs is produced locally

Health

Only 10% of the drugs Cameroon needs is produced locally

Comments

- Friday, 23 February 2018 13:34

(Business in Cameroon) - Every year, Cameroon imports about 90% of the drugs it needs while local producers supply the remaining 10% of a market estimated at CFA100 billion.

The figures were revealed by Philémon Yang during the solemn inauguration of a drug production unit of Africure Pharmaceuticals, in Douala, on February 21, 2018. This unit was set by the Cameroonian Prospère Hiag, in partnership with Indian investors.

According to its promoters who invested CFA5 billion for it, Africure Pharmaceuticals has the capacity to produce 1 billion tablets.

BRM

Follow @investcameroun

Cameroon's red cocoa nears labeling as OAPI awaits coloration analysis

The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...

Cameroon poultry expo revives focus on industry transformation

The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...

Beac's bond auction meets success in inflation combat efforts

On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...

Cameroun delays bond sale amid regional market strain

The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...