https://www.engineeringnews.co.za
Africa|Export|Health|Logistics|Manufacturing|Roads|Storage|System|transport|Manufacturing |Products
Africa|Export|Health|Logistics|Manufacturing|Roads|Storage|System|transport|Manufacturing |Products
africa|export|health|logistics|manufacturing|roads|storage|system|transport|manufacturing-industry-term|products

Kenya seeking a 5% share of the African pharmaceuticals market

Kenyan Roads and Transport Cabinet Secretary Kipchumba Murkomen

Kenyan Roads and Transport Cabinet Secretary Kipchumba Murkomen

Photo by Kenya Airways

8th May 2023

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

Kenyan Roads and Transport Cabinet Secretary Kipchumba Murkomen has highlighted the recently announced policy of President William Ruto to make the country East Africa’s pharmaceutical manufacturing hub by 2030, and export pharmaceuticals across the whole of the continent. Murkomen was delivering the keynote address at the ceremony for the awarding of the International Air Transport Association’s Centre of Excellence for Independent Validators Pharma certification to Kenya Airways Cargo. (Kenya has an executive presidential political system, so a Kenyan Cabinet Secretary is equivalent to a South African Cabinet Minister.)

Currently, the Kenyan pharmaceutical industry holds only a 30% share of the country’s domestic pharmaceuticals market, which has a total value of 100-billion shillings (about $732-million), he noted. Although Kenya exports pharmaceutics to the East Africa Community, the Common Market for Eastern and Southern Africa, and elsewhere in Africa, these exports are currently worth only 6.4-billion shillings (a little under $47-million).

As the total African pharmaceutical market is worth 1.4-trillion shillings (more than $7.3-billion), this means that Kenya holds a “paltry” 0.04% share of that market. The aim of the Kenyan government is to increase the country’s share to 5%, with a value of 68-billion shillings (about $498-million).

“To get there, one of the key challenges that we need to address is the multiple limitations in the supply chain, specifically the transport logistics of pharmaceuticals,” he emphasised. “This brings to the fore the urgent need to set standards and regulations that will ensure pharma cargo is handled with utmost care.”

The transport and storage of pharmaceuticals has to comply with the requirements of their manufacturers. Proper handling of temperature-controlled and time-sensitive pharmaceuticals will strengthen Kenya as a manufacturer and distributor of these products. Thus, the Kenyan government will enact the necessary protocols and regulatory standards to ensure rapid, efficient and consistent delivery of products that are time-sensitive, temperature-controlled and high-value. Compliance, accountability, transparency, reliability and consistency in the handling of pharmaceuticals will be upheld.

“As the government, we will continue investing in the health sector and manufacturing industry and boost the country’s current capacity in the manufacturing of health products including medicine and associated medical consumables for both internal and export markets,” he assured.

Edited by Creamer Media Reporter

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 2 hours 32 minutes ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.114 0.172s - 139pq - 2rq
Subscribe Now