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Ethiopia Sets to Boost Local Pharmaceutical’s Industry Market Share to 47 Percent

Ethiopia Sets to Boost Local Pharmaceutical’s Industry Market Share to 47 Percent

The government of Ethiopia has been exerting efforts to realizing its aspire of boosting the market share of local pharmaceutical industry to 47 percent during its middle term development and investment plan for the health sector, Health Minister Mekdes Daba revealed.

Prime Minister Abiy Ahmed inaugurated the Domestic Medical Supplies Production and Innovation Exhibition at the Millennium Hall in Addis Ababa today.

On the occasion, Minister of Health, Mekdes Daba highlighted government’s manifold initiatives being carried out to strengthen the health sector focusing on enhancing access to healthcare services.

She mentioned the concrete achievements registered in the areas of mothers’ and children health, prevention of transmittable and non-transmittable diseases.

However, the minister underscored the need to intensify efforts in advancing the pharmaceutical sector.

In this regard, the government has established mechanisms in its stride to make the country self-sufficient in medical and medicine supplies by creating health and drug policy and regulation, Mekdes noted.

She further mentioned about the encouraging achievement attained this year as the country was able to manufacture medical products valued at 75 million USD as part of its efforts to encourage local manufacturers, enhance import substitution and help the overall economy of the country. This consecutively has helped the country save 53.1 million USD.

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