The Ministry of Health in collaboration with the Ministry of Finance and other stakeholders has announced that local manufacturers will have up to
55% of foreign currency facilitation support.
The Ethiopian pharmaceutical market was valued at
1.5$ billion in 2022 and has grown at around 10% per annum over the last five years.
The government has opened a state-of-the-art,
270-hectare Industrial Park, Kilinto Park, Africa's first dedicated industrial park for pharmaceutical manufacturing.
In 2020/2021, the public sector procured and distributed pharmaceutical and medical supplies worth over ETB
18.5 billion (~USD
620 million).
Import is estimated at 950 million USD in 2021/2022
Supply of life-saving medication and essential drug supply reached 8
4% and
73% respectively.