The European Investment Bank, the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined forces to enhance healthcare and pharmaceutical investment across Africa and strengthen health resilience. EIB to provide $105 million for a health resilience investment initiative while Afreximbank will provide an additional $105 million. At present only a few countries in the region host pharmaceutical production companies. The new initiative will target financing to scale up local production of quality pharmaceuticals.
Source : Market Trends Africa