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Hwenda: Harmonisation of standards critical for Africa’s health sector
As Africa continues to invest more in infrastructure to deliver steady growth, gaps are emerging within the pharmaceutical value-chain which is awash with sub-standard drugs that could alter key health outcomes for the region if not addressed in time. CNBC Africa’s Aby Agina spoke to Lenias Hwenda, Founder & CEO, Medicines for Africa, SA for more.
Thu, 28 Mar 2024 10:37:02 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Urgent Need for Investment in Africa's Pharmaceutical Industry
- The Significance of the Africa Medicines Agency and Regulatory Harmonization
- Addressing Challenges of Substandard and Counterfeit Medicines for Sustainable Growth
Africa is at a critical juncture in its quest for health sovereignty and sustainable economic growth, with significant investments pouring into the continent's pharmaceutical industry. The disparities highlighted by the COVID-19 pandemic have underscored the urgent need to bridge gaps in the manufacturing and distribution of vaccines and medicines within the region. CNBC Africa's Aby Agina recently engaged in a conversation with Lenias Hwenda, Founder & CEO of Medicines for Africa, SA, shedding light on the pivotal role of the upcoming Africa Medicines Agency and the recent €14 million funding injection from the European Commission and the African Union. The European Commission's commitment to support the African Medicines Agency underlines a strategic shift towards harmonizing standards and boosting local manufacturing capacities in Africa. This initiative is not only aimed at enhancing access to essential medical products but also at fortifying the continent's health sovereignty amid the challenges posed by substandard and counterfeit medicines. As African countries make strides in bolstering their pharmaceutical sectors, regulatory harmonization and quality assurance stand out as key imperatives for sustainable growth. The push for self-reliance in medicine production is not only a health prerogative but also a catalytic driver for economic development and job creation across the continent.
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