Angola Plans Pharmaceutical Production Complex by 2026

Angola plans to establish a pharmaceutical production complex by 2026 in the Special Economic Zone of Icolo and Bengo. This facility aims to produce millions of medical products, including tablets, injectable medicines, and medical gases, and will be funded by the Angolan Sovereign Fund. The project is currently in its early stages and is expected to take 18 months to complete, contributing to the nation’s pharmaceutical industry growth.

Angola is working towards establishing a pharmaceutical production complex by the year 2026. Situated within the Special Economic Zone (ZEE) in the Icolo and Bengo province, the facility is designed to produce an impressive capacity of 1.7 million tablets and capsules each year, alongside 50 million vials of injectable medicines. Vitaflor company will oversee the project, which aims to manufacture 35 million bags of serum and 13,000 kilograms of medical gases daily, according to reports from the Jornal de Angola.

The project is currently in the preliminary stages, having just commenced with the laying of the foundation stone. It is financed by the Angolan Sovereign Fund (FSA) and is anticipated to reach completion within the next 18 months. The SEZ already hosts over 60 business projects, primarily focused on the food and pharmaceutical industries.

Manuel Pedro, the president of the board of directors of the SEZ, indicated that numerous additional industries are expected to emerge soon. This development will complement the existing 89 industries in the SEZ, which span various sectors. The initiative reflects Angola’s commitment to enhancing its pharmaceutical capabilities and improving healthcare accessibility for its citizens.

In conclusion, Angola is progressing towards the establishment of a pharmaceutical production complex by 2026, which will significantly enhance the nation’s healthcare capabilities. The project, financed by the FSA and led by Vitaflor, demonstrates Angola’s strategic focus on expanding its pharmaceutical industry and improving medical resource availability. The development in the Special Economic Zone signifies a broader commitment to economic diversification and growth in key sectors.

Original Source: www.plenglish.com