COVID-19 has made Africa’s pharmaceutical industry a continental priority: Egyptian minister

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Egyptian Finance Minister Mohamed Maait said on Saturday that the coronavirus pandemic has made the pharmaceutical industry in Africa a “continental priority”.

The Minister’s statements came as he chaired the meeting of the General Assembly of the African Export-Import Bank in the new administrative capital.

Maait added that joint cooperative efforts should be maximized to promote investment and inter-pharmaceutical trade to limit their importation from outside the African continent.

This will contribute to deepening economic and continental integration, in order to protect African economies from global challenges,

He added that there are resources wasted in medical tourism outside of Africa and that although Egypt and Nigeria have the ingredients for medical tourism, Africans are better off staying in Africa for it. instead of traveling outside the continent.

Maait said the African Export-Import Bank was able to present itself as a powerful engine of construction and development in Africa, noting that the bank’s joint cooperation with Egypt amounts to 6.5 billion dollars. in all sectors.

Egyptian President Abdel Fattah al-Sisi earlier this month announced an initiative to grant 30 million doses of coronavirus vaccine to African countries, as part of cooperation efforts between Egypt and African countries.

Sisi’s announcement came during the opening activities of the first African medical conference and exhibition – “Africa Health ExCon” – held at the Egypt International Exhibition Center (EIEC) at the International Conference Center of al-Manara.

Egypt offered at the conference to receive African patients in Egyptian hospitals and provide them with care instead of traveling to Europe and to establish bilateral partnerships to establish day surgery hospitals in these countries, with the first phase targeting seven to eight African countries.


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