Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources.  There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Tanzania plans to become the pharmaceutical center of East Africa

 

 

Tanzania has launched an ambitious program to develop the National Pharmaceutical Industry in order to reduce dependence on imported medicines and position itself as a manufacturing hub for East Africa.

 

Within a few years, it is planned to attract significant investments in the industry, modernize production lines, and increase funding for scientific research.

 

Currently, more than 80 percent of the medicines and medical equipment used in the country are imported, costing Tanzania about one billion dollars a year.

 

AFRICA NEWS