Tanzania welcomes Chinese investments in pharmaceutical industry

25Aug 2018
By Financial Times Reporter
DAR ES SALAAM
Financial Times
Tanzania welcomes Chinese investments in pharmaceutical industry

TANZANIA is welcoming more Chinese companies to invest in the country's pharmaceutical manufacturing industry, which enhances accessibility and affordability of medicine, Tanzanian Health Minister Ummy Ali Mwalimu said.

 The Minister for Health, Community Development, Gender, Elderly and Children. Ummy Mwalimu. PHOTO/FILE

She delivered the speech at a symposium during a high-level meeting on China-Africa health cooperation, which took place between Aug. 17 and Aug. 19 in Beijing.

Mwalimu said that pharmaceutical products from China in 2017 accounted for almost 25 percent of the total pharmaceutical imports in Tanzania.

One of the outcomes of the cooperation between China and Tanzania in pharmaceuticals over past years is that Tanzanian people can buy medicine at a lower price.

“The price of health commodities has been reduced by about 40 percent," she said.

"For example, we used to buy some medicine, let's say one dose for $1,000. Right now, since we have decided to buy directly from Chinese manufacturers, we get it for $600."

The time spent on delivering of health commodities has been reduced, too.

Visit epaper.ippmedia.com to read this and more stories