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Kenya loses Sh400 billion for not investing in pharmaceutical industry

Source: Standard Daily

By Graham Kajilwa

Wednesday, February 24th 2016

Kenya is losing up to Sh400 billion annually for not tapping into the region’s vibrant pharmaceutical industry.

Despite having the potential to supply pharmaceutical products to neighbouring countries, Kenya as well as other East African nations are said to import up to 70 per cent of their medicines.

Across the region, Kenya has the largest number of manufacturers (34) with the rest 14 being shared among the remaining East African countries.

In the 2016 Africa Pharmaceutical Summit held in Nairobi on Wednesday, it was noted that poor standards, lack of specifications, skill gaps and inadequate government support was dragging the industry.

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