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Zawya
2 days ago
- Business
- Zawya
Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia
Egypt - Ali El-Ghamrawi, head of the Egyptian Drug Authority, held talks with a joint delegation from Egyptian firm Wadi El-Nile and Zambian developer Pendulum Estates Ltd as part of Egypt's strategy to expand into African markets and strengthen international pharmaceutical partnerships. Discussions centred on plans to establish a joint drug manufacturing plant in Zambia. The initiative aligns with Egypt's broader vision to deepen industrial integration across Africa, transfer expertise and technology, boost regional production capacity, encourage pharmaceutical investment, and enhance regulatory cooperation with African counterparts. It also aims to reinforce Egypt's position as a regional pharmaceutical hub and contribute to securing medicine supplies across the continent. During the meeting, El-Ghamrawi highlighted that localising pharmaceutical production in African countries remains a strategic priority for the Authority. He described the African market as a key target for Egyptian pharmaceutical expansion, both to improve access to essential medicines and support local industry development. Mohamed Dabour, Chairperson of Wadi El-Nile, emphasised the importance of the partnership with the Zambian side, describing the project as a major milestone in the company's plans to expand across Africa and help localise pharmaceutical production on a continental scale. John Zulu, Chairperson of Pendulum Estates Ltd, welcomed the cooperation with Egypt and described the partnership as transformative for Zambia's healthcare system, enabling the domestic production of high-quality medicines to meet local demand. The delegation praised the Drug Authority's strategic leadership and its advanced regulatory and technical expertise, which they said has helped elevate Egypt's pharmaceutical sector both regionally and internationally. They noted that collaboration with the Authority would provide vital technical support, advisory services, and regulatory facilitation needed for the success of the proposed joint plant in Zambia — ultimately enhancing access to quality medicines and supporting health security across Africa. The partnership reflects the Drug Authority's commitment to fostering deeper cooperation with African nations and backing pharmaceutical investments that promote industry growth and deliver tangible health benefits across the continent. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Arab News
29-05-2025
- Business
- Arab News
Saudi EXIM Bank targets African markets with 4 new MoUs
RIYADH: Saudi Arabia is accelerating the expansion of its non-oil exports into African markets, with the Saudi Export-Import Bank securing four new strategic agreements to strengthen trade and investment ties across the continent. Saudi Export-Import Bank CEO Saad bin Abdulaziz Al-Khalb signed memoranda of understanding with Africa50, the Ghana Export-Import Bank, Blend International Limited, and Guinea's Ministry of Planning and International Cooperation, the Saudi Press Agency reported. The deals were finalized on the sidelines of the African Development Bank Group's annual meetings, held in Côte d'Ivoire from May 26 to 30. The newly signed deals come as Saudi exports to Africa surged 20.6 percent year on year to SR7.84 billion ($2.09 billion) in March 2025, reflecting growing trade ties between the Kingdom and the continent. Al-Khalb said the bank's participation in the meetings aims to deepen international trade relations and forge partnerships that support Saudi non-oil export growth in African markets. The SPA report added: 'He stated that the memoranda of understanding are an extension of the bank's efforts to promote trade exchange, stimulate development projects, and enable local exporters to export their services and products to African markets through effective and extended partnerships, contributing to supporting sustainable development goals and enhancing economic integration.' He also described the gathering as a valuable opportunity to boost economic cooperation and engage with officials from export credit agencies and financial institutions across African countries. The agreements were signed by Saudi EXIM CEO Saad bin Abdulaziz Al-Khalb, along with Alain Ebobisse, CEO of Africa50; Sylvester Mensah, CEO of the Ghana Export-Import Bank; Ravi Gupta, managing director of Blend International Limited; and Ismail Nabeh, minister of planning and international cooperation of Guinea. The MoU with Africa50 is aimed at enhancing cooperation in infrastructure projects by partnering with Saudi companies. The agreement with the Ghana Export-Import Bank will focus on exploring cooperation opportunities and enhancing bilateral exports of services and products. Meanwhile, the MoU with Blend International Limited is aimed at targeting broader trade opportunities and international partnerships. The deal with Guinea's Ministry of Planning and International Cooperation seeks to bolster development projects and investment in priority sectors, enabling Saudi exports of engineering services and industrial supplies. Also, on the sidelines of the event, Al-Khalb and his delegation held in-depth discussions with leaders of several international financial institutions, focusing on expanding trade ties and boosting the flow of Saudi non-oil exports into African markets.
