EPHARM to Have New Factory for $100m

Ethiopian Pharmaceutical Factory (EPHARM) embarked on a new factory that is being built in Sebeta town on a 40,000sqm land.

The construction, which will cost the factory up to 100 million dollars is said to follow the international standard of good manufacturing standard (GMS), which will allow it to sell the products competitively to other countries generating foreign exchange according to Mohammed Nuri (MD), EPHARM’s board of director’s chair.

The factory, which celebrated its golden jubilee last Saturday, will see its workers, which are now less than 600 increased to 1,500 when the factory becomes operational.

As the six-month report of the Ministry of Industry (MoI) for the half fiscal year of 2014/15 indicates, the performance of pharmaceuticals and medical equipment production capacity has reached 62pc. And according to the Ministry of Trade’s (MoT) 2013/14 fiscal year report, 64.3 million dollars was gained falling back from the planned 110 million dollars. This performance is only 59pc of the plan.

The government, in its five-year Growth and Transformation Plan, had planned to source 50pc of medicinal demand from local production but it achieved below 20pc.


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