The 2024 Industry Engagement Forum, themed"Unlocking Healthcare Value Chains and Driving Investment through Partnerships: Accelerating Equitable Access to Quality-Assured Sustainable Health Products," is set to take place from May 7-9, 2024, in Lagos, Nigeria.
Taking a smart approach to making tests, treatments, and health tools available in Africa by strengthening regional manufacturing on the continent will enhance health security, increase sustainable access to affordable health solutions, and provide tailored solutions for regional needs. This will also contribute significantly to the health-related Sustainable Development Goals and support the achievement of climate targets by reducing transport costs and carbon emissions.
"Africa's high dependency on imported pharmaceuticals and vaccines puts it at risk as recent international supply chain disruptions during the COVID pandemic highlighted. IFC is co-hosting this event in Africa to underscore our commitment to strengthening local manufacturing value chains and creating resilient health ecosystems.
The African continent accounts for almost 17% of the world's population with nearly 1.3 billion people yet manufactures only 3% of global drug production.
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