Local Pharma Companies Perform Way Below Capacity

May 25 , 2019

The local pharmaceutical manufacturing companies are producing only 33pc of their targeted production capacity, reports Ethiopian Pharmaceuticals Fund Agency. Lack of foreign exchange is one of the reported reasons for their underperformance, says the Agency. While pharmaceutical importing companies are given priority for forex by the National Bank of Ethiopia, local pharmaceutical companies do not get the same privilege to import raw materials, according to Goitom Gigar, deputy director of the Agency. While buying medicine from the local companies, the Agency pays 30pc in advance for manufacturers.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...