AfDB, IsDB partner to develop Africa’s pharmaceutical industry

AfDB, IsDB partner to develop Africa’s pharmaceutical industry

The African Development Bank (AfDB) and Islamic Development Bank (IsDB) have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries.

The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting the continent’s health defense systems.

According to the AfDB, the aide-memoire was signed by Dr. Abdu Mukhtar, Director of Industrial and Trade Development for the African Development Bank and Islamic Development Bank, Director of the Economic and Social Infrastructure Department, Idrissa Dia, last week at the headquarters of the Islamic Development Bank in Jeddah, Saudi Arabia,

It stated that the signing rounded out two days of presentations and deliberations on the institutions’ health strategies for Africa and the African Development Bank’s Pharmaceutical Action Plan.

During the sessions, teams from both institutions discussed a joint pipeline of pharmaceutical projects proposed for co-financing, as well as potential collaboration in advocacy and knowledge creation for their member countries.

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The Joint Action Plan enables both institutions to grow a shared pipeline of bankable projects around key